Loan disbursements took a hit due to the IL&FS crisis, but borrowers rejoice as loan rates get transparent in 2018.
The EMV cards, which have a chip embedded in them are considered more secure and less prone to card skimming at ATM machines
Swadeshi Jagran Manch describes itself as a political and cultural organization. Its interest in the central bank's functioning may be more than just circumstantial.
Gaurav Choudhury, Deputy Executive Editor, Moneycontrol shares his insights on the RBI's directive to banks regarding lending rates for retail loans.
The RBI board did not discuss issues pertaining to the Prompt Corrective Action framework or the surplus reserves of the central bank
The search and selection committee will now have a deeper look at the profiles of shortlisted candidates and interact with them
Top Indian companies have been reluctant to announce new projects over the past few years due to low capacity utilisation
The central bank is waiting for amendments to be made to the Prevention of Money Laundering Act before modifying its know-your-customer (KYC) guidelines
The last date for evincing interest in these accounts is December 10, Punjab National Bank said.
Amitabh Chaudhry, 54 years, will take over from Shikha Sharma as MD and CEO of Axis Bank after her term ends on December 31, 2018.
We are expecting that the NPA numbers will continue to decline in absolute terms', PS Jayakumar, CEO of Bank of Baroda.
The strike will be organised by the United Forum of Bank Unions (UFBU), an umbrella body of nine employee and officer unions.
Gaurav Choudhury, Deputy Executive Editor, Moneycontrol gives his insights into how giving bankers a direct line to the Home Ministry could help prevent white collar criminals from fleeing the country.
Banks need to find ways to cut through vast stores of data and figure out actionable information that will keep their customers.
These services include issuance of cheque books, additional credit cards, usage of ATMs and refund of fuel surcharge
He pointed out it takes both financial and non-financial information as a combination to report to shareholders to address their concerns.
The authorities are of the opinion that free services provided by banks to customers are leading to a fall in the government's revenue
Restricted lending reduced the overall loans of these banks over the past six years, but they are fighting tooth and nail for market share in retail lending
The bank has invited expressions of interest (EoIs) from ARCs for the sale of its non-performing assets (NPAs) by November 30, according to the tender document
Last week, the RBI in its central board meeting decided the issue of banks under Prompt Corrective Action (PCA) will be examined by Board for Financial Supervision (BFS) of the central bank
“What is invoked is already being exercised. So I don’t know whether something dramatically different will come," said Shyam Srinivasan, Federal Bank's CEO.
According to Rao, the bank's return on assets will break even by June 2019.
The officers have also been provided special kits to help their banks extend more credit to MSMEs, while they have also been trained on behaviourial issues to deal with such borrowers with utmost care, they added.
The Supreme Court order on September 26 said it was not mandatory to link the 12-digit unique identification number Aadhaar for opening or availing banking services, among others.
In the same period last year, RBI was a net purchaser of the greenback, as it had bought $16.301 billion