Bankers

Bank unions call nationwide strike on Sep 11 over 5-day banking demand

The United Forum of Bank Unions (UFBU) has decided to go on a nationwide strike on September 11 over the delay in implementing five-day banking, differences over the performance-linked incentive scheme, and several pending demands, including pension-related issues. If the strike materialises, banking services, especially in public sector banks, would be impacted for four days in many parts of the country. September 11 is a Friday, and the subsequent two days are bank holidays. September 14 is a holiday in some states for Ganesh Chaturthi. UFBU, an umbrella body of nine bank employees' and officers' unions, has also threatened a three-day subsequent nationwide strike beginning September 28, coinciding with the half-yearly closure. They have also decided to go on an indefinite strike from October 26 onwards if their demands fall on deaf ears of the government and bank management. The decision was taken at a meeting held on Sunday, following what the unions described as the governme

Parliament passes Bill to recognise digital bank records as evidence

The legislation replaces the colonial-era Bankers' Book Evidence Act of 1891 and provides explicit legal recognition to electronic and digital banking records

Colonial-era banking evidence law to go: What the new Bill changes

The Bankers' Books Evidence Bill, 2026 replaces the 1891 law by recognising digital bank records, setting new rules for electronic evidence and limiting when courts can summon bank officials

West Asia conflict: Bankers suggest Covid-like moratorium for MSMEs

Flag cash-flow risks to RBI, Centre amid West Asia war

Banker's promise: Building trust for tomorrow in India's banking system

Banks are no longer perceived as buildings or branches but as experiences - instant, intuitive, transparent and ethical

Sebi overhauls merchant banker rules; introduces capital adequacy framework

Markets regulator Sebi has overhauled merchant bankers rule by introducing capital adequacy framework, requiring a liquid net worth and mandating minimum revenue from permitted activities. The new rules are aimed at ensuring financial stability, improving risk management, and facilitating ease of doing business. Under the new rule, Sebi has allowed merchant bankers to undertake activities falling outside its purview under the same firm subject to certain conditions. In its notification dated December 3, the regulator said that a merchant banker can undertake activities which fall under the purview of any other Financial Sector Regulator (FSR) and activities that do not fall under the purview of the Sebi or any other FSB then such activities should be fee-based, non-fund based activities and pertain to financial services sector. This comes after Sebi board in its meeting held in December 2024 had approved that the non-regulated activities be hived off to a separate legal ...

Banks, state firms plan $3.5 bn in bond sales before GDP data, MPC meet

India's GDP data for the July-September quarter is scheduled for Friday and the monetary policy decision will follow on December 5

At least 2 Indian banks should be in global top 20, say PSB chiefs

Banks are more confident to manage the process of mergers and amalgamation in the banking sector on the back of very effective consolidation in PSB space amid COVID pandemic in 2020, said bankers

Reinvention, not overhaul, is key to evolution: Private bank chiefs

At Business Standard BFSI Insight Summit 2025, a session titled 'Is it time to revisit the banking model?' brought together top bankers to discuss how industry must adapt to this evolving landscape

BS BFSI Summit: SBI one of the largest spenders on tech, says C S Setty

At BS BFSI Summit 2025, Setty discussed the slowdown in credit growth, the RBI's reforms, and the potential impact of allowing private sector professionals into public-sector banks

Hong Kong bankers book luxury hotels near offices for typhoon trading

Super Typhoon Ragasa marks the biggest test yet for a change implemented last year by the Hong Kong stock exchange to keep trading open during severe weather

The death of a banker: Navigating unbearable pressure and expectations

When targets are overwhelming, senior management and customers are both impatient, and there is constant fear, not every banker has the resilience to survive and thrive

Customer complaints rising fast, bankers lacking empathy, says RBI DG

Reserve Bank Deputy Governor Swaminathan J has rued a "lack of empathy" among bankers, even in the face of rising number of customer complaints around serious aspects like fraud. Speaking at an event of RBI-promoted NIBM (National Institute of Bank Management) on July 12, Swaminathan said there is "increasing automation but decreasing ownership", and customers have to contend with template emails and helplines loop back "endlessly". He made it clear that addressing these issues will be essential if bankers were to sustain people's trust in the system. The Reserve Bank's website published the speech on Tuesday. "The number of customer complaints -- especially through digital channels -- has risen significantly in recent years. From social engineering frauds to poor grievance redressal, the loss and frustration is real. Often, the problem is not the product or service, but, as I see it, the real issue is a lack of empathy," the commercial banker-turned-regulator said in his valedict

The curious case of demotion of executive director at a public-sector bank

If someone is deemed unfit for the ED post, can that person be considered fit to be a general manager?

When DFS Secretary Nagaraju played the role of King Vikramaditya

Customer service and excellence are buzzwords in the Indian financial system now. Both the government and the Reserve Bank of India (RBI) are writing a new chapter in Indian banking

Too many episodes of financial mismanagement: Where does the buck stop?

Should the resignation of senior bankers on moral grounds draw the curtains on mismanagement and accounting discrepancies?

Deposit interest rate cuts likely to be moderate in current cycle

High CD ratio, LCR norms, and possible increase in deposit insurance to weigh on banks' decisions

Banker's Trust: An 8-minute video and a general manager's promotion

Follow the rule book, don't take any initiative, don't try to be innovative. With such vigilance shackles, will public sector banks ever be able to compete with private sector banks?

RBI monetary policy: Expect 25-bp rate cut, but no change in stance

As headline inflation moves closer to RBI's target, and growth momentum remains elusive, a rate cut may be on the cards

RBI to meet bankers next week to discuss liquidity management framework

It met economists on Thursday for pre-policy consultation; economists divided over change in stance