Banks are being nudged to popularise the settlement of cross-border trade in rupee. While many businesses – driven by commercial convenience, balance of payments, and […]
Tag: banks
RBI penalises J&K Bank, Bank of Maharashtra, Axis Bank
The Central Bank on Friday imposed a penalty of Rs 2.5 crore on Jammu and Kashmir Bank for non-compliance with certain directions, including one related […]
Banks may give up rights to revive housing projects
Many high-street banks will give up their first claims over assets and cash flow in favour of new financiers who step in to revive stuck […]
Technology is important to have transparency into the Cooperative Banking System, Shri Satish Marathe Advised
B2B Infomedia: Indian Urban Cooperative Banks have been improving their performances over the years and thereby becoming bigger and stronger. They are adding new products […]
RBI denies reports of missing banknotes, assures proper accounting and systems in place
The Reserve Bank of India (RBI) has refuted recent reports regarding missing banknotes printed by banknote printing presses. The RBI clarified that these reports were […]
Rs 2,000 note withdrawal: Kotak Mahindra Bank garners deposits of Rs 5,400 crore
Kotak Mahindra Bank has garnered about Rs 5,400 crore of fresh deposits courtesy of the RBI’s move to withdraw the Rs 2,000 denomination notes, a […]
Future LoCs to Africa could cover defence, says EXIM Bank MD
India’s future Lines of Credit (LoCs) to Africa could focus on defence exports to meet the requirements of the continent, MD of EXIM Bank of […]
Priority Sector Lending target deadline for Urban Cooperative Banks extended
Urban cooperative banks (UCB) are getting more regulatory relaxations. The Reserve Bank of India (RBI) has extended the deadline for meeting their priority sector lending […]
Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das
Reserve Bank Governor Shaktikanta Das on Thursday said cooperative lenders will soon be able to do technical write-offs and execute compromise settlements with defaulting borrowers. […]
Banks reluctant to park funds with RBI despite high liquidity
Despite the prevalence of a large surplus of liquidity in the system, banks have shown reluctance to park excess funds with the Reserve Bank of […]