Home » banking system

You Searched For "banking system"

Former RBI governor Raghuram Rajan. (Photo: PTI)

We could have managed liquidity better: Rajan

He adds central bank acted promptly to retrieve situation once problem of liquidity shortage was thrown up by data.

11 Sep 2017 12:38 PM GMT

While the ripples for the blockchain tech started with the disruptive rise of crypto-currencies, and in particular bitcoin, the underlying technology itself is going to seep into a broad range of industries. (Photo: Pexels)

Blockchain to have mixed implication on banking system: Moody's

Blockchain technology has the potential to reduce costs of cross-border transactions for banks.

17 April 2018 11:34 AM GMT

The government has asked PNB and probe agencies to share details of the Rs 13,000 crore scam with chartered accountants apex body ICAI, which is looking into the systemic issues related to the fraud, an official said.

Govt asks Punjab National Bank to share scam details with ICAI

The govt has asked PNB and probe agencies to share details of the Rs 13,000 crore scam with ICAI.

3 April 2018 1:29 PM GMT

Many Indians continue to depend on cash for making transactions.

India's grassroots warriors of financial inclusion

It is one of the many channels that have enabled banks to reach remote customers.

10 Jun 2019 7:55 PM GMT

India can benefit from the ongoing challenges in global trade provided it plays its cards well, Commerce and Industry Minister Suresh Prabhu on Monday said.

Banks must understand jewellery sector before funding, says Prabhu

He urged banks to have proper risk-mitigation mechanisms in place to avoid any potential frauds.

11 May 2018 1:16 PM GMT

Raghuram Rajan had cautioned the government that short-term costs of a radical ban of high-value currency notes would outweigh the long-term benefits. (Photo: AP) (Photo: PTI)

Rajan drops a bombshell; Cong in dock, flags MUDRA, farm loan waiver...

A brutal exposition of all the warts that adorn India's perilously poised banking system.

12 Sep 2018 3:18 AM GMT

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI may conduct OMO this week to ease liquidity, say bankers

Nearly Rs 50,000-60,000 crore of additional liquidity will go out of the system due to advance tax payments.

9 Sep 2018 7:55 AM GMT

Finance minister Arun Jaitley speaks during a press conference in New Delhi. (Photo: PTI)

Bad debts on a decline, loan recovery picking up of PSU banks: Jaitley

After the IBC came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked...

25 Sep 2018 1:58 PM GMT

UAE doubles stimulus to counter coronavirus impact. (AFP)

UAE doubles stimulus to $70bn to combat coronavirus impact

Most of the new measures focused on easing financial and liquidity requirements for banks to free up cash for lending

5 April 2020 11:34 AM GMT

Moodys Investors Service. (Photo- PTI)

Moody's downgrades outlook for Indian banks due to coronavirus

Moody's said a sharp decline in economic activity and a rise in unemployment will lead to deterioration of household and...

2 April 2020 5:30 AM GMT

About 700 farmers have committed suicide in the drought-hit Vidarbha and Marathwada region. (Photo: AFP)

Maharashtra sends 16 MPs to Australia, NZ to study farmer loan system

The total expenditure will be Rs 6 lakhs per head, half of which will be borne by the government in effect, the...

4 May 2017 8:15 AM GMT

The merger proposals in the banking sector would require a clearance from the Competition Commission of India, the ministry official said.

Nearly 19 per cent of Indian population umbanked, says report

However, the study said the government and RBI have made alot of efforts to promote financial inclusion.

24 July 2017 3:42 PM GMT