Banks continue to reel under bad loans; five banks reported loss
Major Indian banks continue to have a nightmarish experience because of escalating bad loans in the quarter ended 31 March.…
14 MAY 2016
Banking in India
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Banking in India
RBI slashes key rates, raises hopes of cheaper loans
Raising hopes that home and car loans could be cheaper sooner than expected, the Reserve Bank of India has cut…
05 APR 2016
India Post picks up Deloitte as consultant for payments bank
Deloitte, a New York based multinational professional services firm, has been selected by India Post as their consultant to set…
15 MAR 2016
Tougher law proposed to tame ponzi schemes
A high-level Inter-Ministerial Group assigned the task to suggest measures to curb ponzi schemes has submitted its report to the government. It has suggested…
14 MAR 2016
Accessing Service ‘Anytime Anywhere’
In the world of easy accessibility, NPCI is making 24×7 banking a reality for common man, offering services to their…
01 MAR 2016
FM allocates Rs 25,000cr for state-run banks’ recapitalisation
Announcing the Union Budget 2016, the Finance Minister, Arun Jaitley, has allocated Rs 25,000 crore towards the recapitalisation of high-levels…
01 MAR 2016
Union Budget to focus on banking sector revival: SBI Research
The upcoming Union Budget seems to have focus on revival of banking sector by setting up of a ‘bad bank’…
23 FEB 2016
Central bank scraps registration of 26 NBFCs
The Reserve Bank of India (RBI) has canceled registration of around 26 non-banking financial companies (NBFCs), including Bajaj Auto Holdings…
23 FEB 2016
Accessing payment service ‘anytime, any place’
In the world of easy accessibility, it makes 24X7 banking a reality for common man, there are no holidays for…
04 FEB 2016
PMJDY accounts deposits cross Rs 30,000 crore
Ushering financial stability as well as generating a huge deposit amount for those who cannot afford it, the government’s flagship…
23 JAN 2016
