Global banks warn of potential losses from hedge fund defaults
Credit Suisse did not identify ‘significant’ hedge funds or other banks affected Swiss Bank credit Suisse On Monday it said it could face “highly significant” […]
banks
Banks will conduct special clearing operations to close Reserve Bank of India on March 31
“On March 31, 2021, all banks are required to participate in special clearing operations.” RBI has said that banks will conduct special clearing operations to […]
PSU banks are unlikely to continue along the zero-coupon bond route for re-examination
Sources said public sector banks are unlikely to take the zero-coupon bond route for recapitalization after the Reserve Bank of India (RBI) expressed some concerns […]
‘Privatization may affect bank’s rating’
India Ratings and Research (Ind-Ra) said that the privatization of two public sector banks could affect their ratings as government support for both entities would […]
RBI constitutes external committee for evaluation of applications for universal, small finance banks
The Reserve Bank of India (RBI) has named the members of the Standing External Advisory Committee (SEAC) for the evaluation of applications for universal and […]
Post merger, public sector banks are troubled by lack of customer communication
Consumer activists say that lack of proper knowledge of services and processes causes confusion Following the completion of the merger, public sector banks have been […]
New private banks will be allowed to participate in government business based on RBI guidelines: FM
Nirmala Sitharaman said during the Question Hour in Rajya Sabha, “RBI being a regulator has established norms and those norms will be applicable to new […]
Unions opposed the move to privatize two public sector banks
‘This will deprive farmers, SHGs and the poor from subsidy and interest-free loans’ Banking operations were paralyzed at public sector banks (PSBs) in the old […]
FinMin will soon invest ₹ 14,500 crore in banks under PCA
Sources said the ministry has almost finalized the names of potential candidates to infuse capital. The Ministry of Finance is likely to invest Ministry 14,500 […]
Parliament proceedings | Banks wrote 1.15 lakh crores. Nine Months of FY21: Anurag Thakur
“As per RBI data, Scheduled Commercial Banks (SCBs) collected Rs. 2,36,265 crore, ₹ 2,34,170 crore and ₹ 1,15,038 crore during the first three-quarters of FY […]