Analysts said that the liquidity improved on the back of government spending; however, it is expected to fall into deficit mode soon due to tax outflows
Government cash balance turns negative; Fx market remains volatile
The IBPS has announced the IBPS PO Prelims Score Card 2024 on Nov 27, 2024. Candidates appearing for the CRP PO/MT-XIV prelims can now download their scorecards from the official website at ibps.in
The People's Bank of China (PBOC) lent the medium-term facility (MLF) loans to financial institutions at 2%, the central bank said
Starlink needs to comply with existing norms, security concerns for satcom licence
Defaults have also risen in the microfinance segment, which includes loans given to low-income borrowers.
The results of the IBPS RRB Clerk Preliminary Examination 2024 have been formally released by the Institute of Banking Personnel Selection (IBPS) at the official IBPS website, ibps.in
Market participants said the banking regulator may conduct more VRR auctions to infuse liquidity if the weighted average overnight money market rates do not align with the repo rate
Chief Economic Advisor to the Centre, V Anantha Nageswaran has said banks should adapt to changing customer preferences and market dynamics in order to remain competitive. He highlighted the crucial role of agriculture in driving economic growth at an event organised by public sector Indian Bank here on Saturday. In his remarks on the topic 'Indian Economy and Banking: Growth and Trends", Nageswaran stressed on the importance of technological advancements in driving growth and innovation in the industry. The CEA, in a press release issued by the Bank, emphasised the need for banks to adapt to changing customer preferences and market dynamics to remain competitive. He hailed the Indian Bank for its efforts to invest in knowledge sharing and excellence and lauded it's initiative under the MSME Prerana programme which is aimed at training the entrepreneurs. In his address, Indian Bank Managing Director and CEO S L Jain said, "We are delighted to have Dr Nageswaran sharing his insight
Regulator's action, signs of stress, liquidity pressures to shape business
All stakeholders in RRBs must aim to improve their efficiency and competitiveness. Smaller, loss-making banks should be allowed to be subsumed by sponsor banks or any other commercial bank
RRBs reported their highest-ever consolidated net profit of Rs 7,571 crore for FY24, with a gross non-performing assets (GNPA) ratio of 6.1 per cent - lowest in 10 years
IBA mulls special apprenticeship scheme for banking sector
HSBC aims to double the assets under management in its British wealth business to 100 billion pounds
The registration deadline for IBPS PO SO Recruitment 2024 has been extended. Candidates can now complete their applications until August 28. This year, the IBPS PO exam will be held for 4,455 posts
Bali will join Yes Bank from Aug. 26 and report to executive director Rajan Pental, one of the sources said
Some of the new cities the bank has added include Patna, Raipur, Ghaziabad, Jodhpur, Udaipur, and Meerut
The government is scheduled to introduce the Banking Laws (Amendment) Bill, 2024 which seeks to increase the option for nominees per bank account to four, from existing one, among others. Another proposed change relates to redefining 'substantial interest' for directorships, which could increase to Rs 2 crore instead of the current limit of Rs 5 lakh, which was fixed almost six decades ago. As per the revised list of business of Lok Sabha, Finance Minister Nirmala Sitharaman is scheduled to introduce the Banking Laws (Amendment) Bill, 2024 later in the day. Besides, sources said there are some changes with respect to cooperative banks. In addition, the Bill also seeks to give greater freedom to banks in deciding the remuneration to be paid to statutory auditors. The Bill also seeks to redefine the reporting dates for banks for regulatory compliance to the 15th and last day of every month instead of the second and fourth Fridays. The Bill, which was approved by the Union Cabinet l
Credit card spend continues to see high growth despite risk weighting increase