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Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Banks need $65 bn additional capital to meet Basel III norms: Fitch

Gross non-performing loan ratio reached 9.7 per cent in 2016-17, up from 7.8 per cent in 2015-16.

12 Sept 2017 2:51 PM IST

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 Sept 2017 6:08 PM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Not KYC, 'know your employee' too to check frauds: CVC to banks

Banks have to take extra care to have continuous vigil on their staff.

11 Sept 2017 4:51 PM IST

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

RBI allows banks for fire audit of currency chests by approved...

Banks maintaining currency chests are required to get fire audit done once in a two years.

29 Oct 2018 4:36 PM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

CAG Mehrishi questions RBI's accountability over NPA crisis in banks

The banking sector had NPAs or bad loans worth over Rs 9.61 lakh crore by the end of 2017-18.

23 Oct 2018 4:19 PM IST

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

RBI allows banks to lend more to some non-banking finance firms

The limit has been raised from 10 per cent and is effective up to December 31.

19 Oct 2018 11:26 AM IST

Finance Minister Arun Jaitley said the new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states. (Photo: Twitter | ANI)

Banks, telcos could be allowed to use Aadhaar, says Jaitley

Supreme Court declared constitutional the government's extraordinary attempt to give every resident a biometric ID.

6 Oct 2018 2:35 PM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

Higher lending rates may spoil your festival plans

RBI might increase the repo rate for the third time this year by 25 basis points in its policy review.

2 Oct 2018 8:25 AM IST

The rupee finally settled at 69.89 on Tuesday, showing a modest gain of 4 paise over the previous close. (Representational image)

Govt to infuse Rs 42,000 cr in PSU banks by March; next tranche likely...

Out of the Rs 1.35 lakh crore, the government has already infused about Rs 82,000 crore through the bonds.

26 Nov 2018 3:06 PM IST

Increase in gold imports pushed the countrys trade deficit to USD 94.32 billion in April-September 2018-19.

Banks to get green signal for gold business

Allowing bullion banking will be a main step towards developing gold infrastructure in India and establishing gold as an...

26 Nov 2018 10:33 AM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

FD rates up, smaller lenders offer 8.50 per cent

HDFC Bank, Punjab National Bank (PNB) and Canara Bank revised their interest rates recently.

13 Nov 2018 12:38 PM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

Banks showing positive signs but fundamentals still weak: report

Valuations of Indian bank USD bonds remain relatively expensive and do not offer much upside from current levels.

9 Nov 2018 10:48 AM IST