banks

New Delhi: The government is likely to bring amendments to the Banking Regulation Act, 1949 and other laws to push for banking sector reforms during the upcoming Budget session.Apart from this, amendments to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the...

Mumbai: The Reserve Bank of India on Wednesday allowed banks to use the ratings of Brickwork Ratings India Pvt Ltd for loans up to Rs 250 crore.RBI asked banks and other regulated entities not to obtain any new ratings from Brickwork Ratings India in October 2022.The certificate of...

Dehradun, the five Uttarakhand soldiers killed in a terrorist ambush on an army convoy in Kathua, Jammu and Kashmir, were cremated at their native places with full military honors in an emotionally charged atmosphere on Wednesday.The quiet mountain villages from which they came erupted in loud...

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Financial Services Department Secretary Vivek Joshi chaired a review meeting with top officials of private sector banks here on Tuesday on the progress of these employment-oriented schemes for the poor.Joshi discussed in detail the progress made by private banks in deepening financial...

Mumbai securitization volumes rose 17 per cent to Rs 45,000 crore in the April-June quarter of this fiscal compared to the year-ago period, according to a report on Monday.The report by national ratings agency Crisil said the latest quarterly figure is in line with the exit of a large housing...

Thiruvananthapuram, Kerala Bank recorded a net profit of Rs 209 crore in the year 2023-24, with deposits, loans and overall business showing an upward trend, state Cooperation Minister VN Vasavan said on Monday.Vasavan was responding to a presentation moved by Leader of Opposition VD Satheesan...

New Delhi: The government should go ahead with disinvestment from public sector banks (PSBs) as they are in good condition, the SBI said in its research report on Monday.The report also advocates consolidation of existing state banks."Given that banks are in good condition, the government...

Kathmandu, At least three people, including two workers building a tunnel at a hydropower project in Nepal, were killed and ten injured when heavy rains lashed Kathmandu and other parts of the country on Friday and Saturday, officials said.Two workers died on Friday after being buried in the...

Kathmandu: At least two workers building a tunnel at a hydropower project in Nepal were killed and ten injured when heavy rains lashed Kathmandu and other parts of the country on Friday and Saturday, officials said.Two workers died on Friday after being buried in the tunnel of the Bhotekoshi...

New Delhi [India], Reserve Bank of India (RBI) sanctioned five banks, including Punjab National Bank (PNB), in the first week of July for non-compliance with various directions of the RBI.PNB became the fifth bank to be sanctioned, with a fine of Rs 1.31 million. This penalty was imposed for...

Chamoli (Uttarakhand) [India], Uttarakhand Police on Friday issued an alert for people residing on the banks of River Pindar due to a rise in the water level of the river.Heavy downpours and incessant rains in the district have caused a significant rise in the water level of the Pindar River...

A 36-year-old man died after drowning in a deep pit on the banks of Damdama lake, Gurugram. Police gave this information on Friday.He said that the deceased has been identified as Prem, resident of Ward 21 of Sohna.Police said the deceased had gone to Damdama lake with five of his friends on...

As part of the workshop, Anna Roy, Mission Director, WEP and Chief Economic Advisor, NITI Aayog, launched several initiatives.Highlights included the announcement of a partnership between MAVIM and MSC under FWC to improve access to finance through alternative credit scoring mechanisms and...

In Mumbai, central banks should take responsibility for achieving price stability and should be given independence to act to achieve it, a senior official at the Federal Reserve Bank of New York said on Friday.In a talk at the headquarters of the Reserve Bank of India (RBI), the president and...

New Delhi, RBI's proposal to streamline regulations covering export and import transactions would simplify and streamline processes for the trading community, say exporters.They said this is an "excellent effort" by the central bank as the July 2 draft operational guidelines for export and...

Mumbai, RBI Governor Shaktikanta Das on Wednesday asked banks to further strengthen governance standards, risk management practices and compliance culture.As part of the Reserve Bank's continued engagement with the senior management of its regulated entities, Das held meetings with managing...

New Delhi, National Bank for Agriculture and Rural Development (NABARD) and Online PSB Loans Limited have signed an agreement to promote financial inclusion through regional rural banks.The collaboration seeks to facilitate the process of registration and settlement of claims under Jan...

New Delhi [India], bullish on gold, the World Gold Council anticipated that "the market could see another rise."The international bullion body said that unlike previous periods when gold hit record levels, the market is not yet saturated, indicating that gold prices may rise.To further raise...

New Delhi [India], India and Myanmar pioneered a new bilateral trade payment system when the Punjab National Bank's Yangon office on Tuesday completed the first transaction exceeding Rs 1 million for a consignment of pulses under the Rupee-Kyat Settlement Mechanism.The initiative aims to...