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29 Aug 2022

ICICI Bank launches new credit card, will get free insurance of 2 lakhs and these benefits

ICICI RuPay Credit Cards: Sudipta Roy, the credit card head of ICICI Bank while launching this card said that we have always given priority to the convenience of the customers.

29 Aug 2018

Government draws flak from P Chidambaram, after RBI's report

Taking to Twitter, the former finance minister also said the RBI figure has suggested that the government had actually demonetised only Rs 13,000 crore and the "country paid a huge price" for it.

18 Mar 2018

RBI reveals how it is disposing off demonetised Rs 500 and 1,000 notes

The central bank had earlier estimated the value of old Rs 500 and Rs 1,000 notes received, as on June 30, 2017, at Rs 15.28 trillion.

15 Mar 2018

Parliament must debate bank frauds issue: Naidu

The Lok Sabha and Rajya Sabha have witnessed repeated adjournments during the second half of the Budget session that began on March 5, with opposition parties stalling proceedings over issues, including Punjab National Bank (PNB) fraud.

India financial services

21 Sep 2017

Financial inclusion providing the entire range of banking services: SBI chairman

Bhattacharya said the presence of these platforms has actually reduced the cost of transactions to probably the lowest anywhere in the world.

12 Sep 2017

PSU bank merger should follow balancesheet clean-up: Raghuram Rajan

Mergers of PSU banks should be done only after balancesheets are cleaned up and these are nursed back to health with adequate capitalisation, said former RBI governor Raghuram Rajan.

06 May 2017

RBI given more powers to tackle NPAs, says Jaitley

President Pranab Mukherjee last night signed the ordinance to amend the Banking Regulation Act, giving RBI powers to direct banks to initiate insolvency and bankruptcy in case of default, he told reporters here.

05 May 2017

Govt gives wide-ranging powers to RBI to deal with bad loans

The much-awaited Ordinance to amend the Banking Regulation Act was promulgated by President Pranab Mukherjee last night.

04 May 2017

President likely to promulgate banking ordinance today

President Pranab Mukherjee is likely to promulgate tomorrow an ordinance giving greater powers to the Reserve Bank to tackle mounting bad loans, a top source said.

04 Apr 2017

Parliamentary panel wants banks to devise mechanism to detect NPAs early

Concerned over high level of bad loans in the banking system, a parliamentary panel has asked PSU banks to devise a mechanism to detect stressed assets early so that urgent corrective steps can be taken.

26 Jan 2017

Demonetisation: Private entities to analyse data vis-a-vis ITR, TDS

With an estimated Rs 15 lakh crore in junked notes back in the banking system post demonetisation, the Income Tax department has started the process of engaging private entities to match the data with I-T return or other information of assessees.

08 Jan 2017

Tax dept to rope in auditors to probe bank deposits

With an estimated Rs 15 lakh crore back in the banking system post demonetisation, the income tax department is in talks with leading global tax consultants, including EY, KPMG and PricewaterhouseCoopers, for forensic audit of the data to see if any of it is laundered money.

debt instruments

25 Dec 2016

India Inc nets Rs 6.3 lakh crore from markets, eyes on capital markets

With debt instruments leading the way, Indian companies have garnered an estimated Rs 6.3 lakh crore from the marketplace in 2016.

17 Nov 2016

Demonetisation: Farmers can draw Rs 25,000 per week against crop loan, kissan credit card

Coming to the rescue of the farmers who are facing huge cash crunch following PM Modi's decision to demonetise the high value currency notes, Finance Ministry on Thursday said that they can draw upto Rs 25,000 a week.

17 Nov 2016

Demonetisation: New Rs 500 notes in Odisha from today

Reserve Bank of India, Bhubaneswar has said new Rs 500 notes will be available in different bank counters across Odisha from Thursday and urged people to ignore rumours on circulation of fake Rs 10 coins.

16 Nov 2016

Demonetisation: Bank deposit to see sharp decline once withdrawal norms ease

With about Rs 4 lakh crore coming into the banking system within a week after demonetisation, Moody's Investors Service on Wednesday cautioned that banks' deposit base will witness a "sharp decline" as and when the current restriction on cash withdrawals eases.

19 Sep 2016

Banks moving past worst asset quality cycle, outlook stable: Moody's

India's banking system outlook is likely to be stable over the next 12-18 months as the pace of formation of bad loans is expected to decrease compared to last five years, global rating agency Moody's said Monday.

16 Sep 2016

FM Arun Jaitley to review performance of state-run banks today

Finance Minister Arun Jaitley is undertaking a quarterly performance review of state-run banks here on Friday not just to see the progress of various financial inclusion schemes, but also look at the overall health of the banking system, officials said.

08 Aug 2016

MF exposure in bank stocks hits a record at Rs 94,000 cr

Mutual funds ramped up their allocation for bank stocks to a record high of nearly Rs 94,000 crore by June-end, primarily on account of steps taken by the government and RBI to clean up the banking system.

12 Jun 2016

'Raghuram Rajan being attacked for fighting crony capitalism'

Rajan has been under attack from the ruling party BJP's Rajya Sabha MP Subramanian Swamy, among others, for what they term as the RBI Governor's failure to effect necessary interest rate cuts to boost the economy.

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