Page 870 - Finance News

Govt changes banking regulations to authorise RBI for recovery of bad loans

The banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore

Govt ready to provide capital support for PSU banks' merger, say sources

Proposals from PSBs to require in-principle approval for consolidation

PSU banks take action against 5,954 wilful defaulters to recover Rs 70K cr

Total outstanding loans soared to Rs 92,376 cr by the end of FY17

RBI panel seeks rights-based data privacy in household finance

The RBI published the report hours after the SC affirmed that privacy is a fundamental right

Mobile wallet transactions to touch Rs 32 lakh crore by 2022: Report

The volume growth is likely to be at a compounded rate of 94 per cent

Nachiket Mor nominated to RBI central board

The RBI's affairs are governed by the central board of directors

RBI to introduce Rs 200 note today, check out its key features

Along with the new Rs 200 note, the government has also confirmed a new Rs 50 note

Govt to speed up state bank mergers for economic revival, tackling NPAs

Banking sector reforms are a major plank of Modi's administration to revive credit growth

Reasons why RBI is introducing Rs 200 notes

The decision to introduce the new note was taken by RBI board in March

PSB mergers will not be a cake walk; concerns over NPAs is key

PNB, Canara Bank, Union Bank and Indian Bank seen as candidates to lead the process

Cabinet fast tracks merger of PSU banks

Govt promises no job losses; mergers by share swaps, no cash deals

RBI should not step into day-to-day activities of banks, says Subbarao

Subbarao said RBI interference was the 'least bad decision' to check the rising NPAs in banks

Steel promoters must bring in more capital: Arundhati Bhattacharya

India Ratings & Research maintains a negative outlook on the steel sector for FY18

Ministers' panel to oversee consolidation of PSU banks: Arun Jaitley

The Cabinet gave in-principle nod to the constitution of Alternative Mechanism

RBI to harmonise NBFC regulations, says deputy governor

Now, there are different regulations for various categories of NBFCs, creating scope for arbitrage

Raghuram Rajan to publish book on 'turbulent but exciting times' as RBI Guv

'I Do What I Do', published by HarperCollins India, will be launched in Chennai on September 5

Cabinet okays alternative mechanism for PSU banks merger

Merger could take into account asset quality, capital adequacy ratio, profits, locations of banks

PSU bank employees go on strike; services hit

Services like deposits and withdrawal at bank branches are affected

Bank employees' strike: ATMs go dry, operations hit, transactions delayed

Branches of private banks like ICICI Bank, HDFC Bank and Axis Bank were functioning

RBI hikes foreign investment limit in Eris Life to 49% from existing 24%

Also, NRI investment limit under PIS in the company has increased from 10 per cent to 24 per cent