RBI plans to formalise linking of new loans to repo rate
The Reserve Bank of India(RBI) is considering asking banks to link loans to an external benchmark such as the repo rate to improve transmission of policy rates and foster economic …
Read MoreTag: BANKS
NBFCs with big realty loans must rebalance books: RBI
The Reserve Bank of India(RBI) has asked non-banking finance companies(NBFCs) to bring down their lending to the real estate sector. In the finance sector,the National Housing Bank has also been …
Read MoreRBI Governor, state-run bank CEOs discuss slow rate transmission
The Reserve Bank of India Governor has discussed the issues of banking sector with the officials of Public sector banks(PSBs) and Indian Banks Association(IBA). During the meeting,the issue of less …
Read MoreBanks’ bad loans down at 9.34 lakh crore at FY19-end
Finance minister has informed the Parliament that Gross non performing assets(NPA) of scheduled commercial banks has declined by Rs 1.02 lakh crore to Rs 9.34 lakh crore in 2018-19. Non-performing …
Read MoreBanks reported 44,016 frauds in last 11 years
According to the data provided by the Finance Ministry,banks have reported 44,016 frauds in the last 11 years since 2008-09.The frauds being considered in the list are those involving ₹1 …
Read MoreRBI to DRI: We can’t ask banks to share customer information
The Reserve Bank of India(RBI) has said that it has no power to ask banks to share information on customers with third parties including investigative agencies of the government even …
Read MoreBanks may extend foreign currency loans for exporters
Commerce and Industry Minister has said that the ministry is in talks with banks to see ways to extend foreign currency loans to exporters. The minister has also said Export …
Read MoreModi likely to meet bank chiefs to discuss roadmap for PSBs
Prime Minister is likely to meet chief executives of Indian banks to chalk out a strategy for the banking sector for the next five years. The meeting assumes significance as …
Read MoreRBI to create regulatory cadre
The Reserve Bank of India(RBI) Central board has decided to create a specialised supervisory and regulatory cadre within the RBI to strengthen the supervision and regulation of commercial banks, urban …
Read MoreNCLAT allows banks to declare defaulting IL&FS, group companies as NPAs
The National Company Law Appellate Tribunal (NCLAT) has allowed the banks to declare the accounts of IL&FS and its group companies as non-performing assets(NPA) if they have defaulted on payments.NPA …
Read More