Page 12 - Indian Banking System

Bank's liability for locker content is limited, so buy insurance coverage

Do not keep cash in the locker as the agreement with the bank prohibits it

Fintech unicorn Slice announces merger with North East Small Finance Bank

Deal will give customers access to a broad range of products and omnichannel offerings, say companies

Amazon Pay eyes expansion with more bank, card network partnerships

Launched in October 2018, Amazon Pay's co-branded credit card is in association with ICICI Bank and utilises Visa as the card network

India's bank credit growth likely to moderate to 13-13.5% in FY24: CRISIL

"The extent to which deposit growth picks up would determine credit growth for banks," said Subha Sri Narayanan, Director at CRISIL Ratings

Banks must not classify customers' complaints as queries, says RBI

Central bank 'will not hesitate to act' against entities indulging in such behaviour, says deputy governor Swaminathan J

Global investment in Indian banks to continue on robust finances: S&P unit

Majority of foreign institutional investors' holdings concentrated in biggest private banks

JP Morgan EM index addition: Banks, FIs look to raise Rs 18,000 crore

NABARD to issue social sector bonds on Tuesday

Indian bonds in global markets

Increasing foreign presence in the debt market will release the pressure on our banks and free up money for lending since demand for loans is far higher than deposit mobilisation

Regional rural banks merger unlikely to happen in current financial year

The exemption dispensation from prior scrutiny and approval of CCI would be available for five years, the Corporate Affairs Ministry (MCA) said

SBI Apprentice Recruitment 2023: Registration for 6160 vacancies ends today

Applicants can submit their forms by visiting sbi.co.in till 11:59 pm. Through this Apprentice recruitment, the State Bank of India will fill a total of 6,160 openings

RBI infuses liquidity as banking system faces highest deficit since 2020

Market analysts predict that the disbursement of Rs 25,000 crore as the second tranche of Incremental Cash Reserve Ratio (I-CRR) will be insufficient to ease liquidity strains

How to activate a dormant PPF account? Here are the steps to follow

If you have an inactive PPF account, then you will be deprived of many benefits. You have to deposit Rs 500 each year to keep it activated. Here are the steps to activate your dormant account

RBI releases list of NBFCs in upper layer under scale-based regulations

In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years

Re-jig of banks' investment rules to boost govt debt appetite: Bankers

Currently, the limit is 19.5% of a bank's net deposits, with some dispensation on bonds purchased between Sept. 1, 2020 and March 31, 2023

RBI may extend incremental cash reserve ratio with tweaks: Bankers

"The I-CRR is acting as an indirect rate hike and, at best, the RBI could lower the limit taking into consideration tax outflows," a senior treasury official at a private bank said

Uday Kotak steps down as Kotak Mahindra Bank MD & CEO effective Sep 1

Uday Kotak's term would have ended on December 31, 2023. Joint MD Dipak Gupta has been appointed interim CEO

Uday Kotak steps down as MD & CEO of Kotak Mahindra Bank effective Sep 1

In the interim, Dipak Gupta, the joint managing director, will carry out the duties of the MD & CEO until December 31, 2023

PSB Alliance to provide door-step banking services in 6,800 centres

At present, pure-play supply chain finance from banks is only around Rs 1 trillion

Higher govt spending likely to help ease liquidity in banking system

There are signs of improvement in the liquidity scenario as banks parked Rs 25, 833 crore with the RBI on Thursday

Banking system's liquidity slips into deficit for first time in FY24

Banking system liquidity stood at a deficit or 236 billion rupees ($2.84 billion) as of Aug. 21, according to RBI data