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 […]
Tag: rbi
RBI’s gold reserve up over 40% in five years
The Reserve Bank of India’s gold reserves is up more than 40 percent since it resumed purchase of the yellow metal over five years ago, […]
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 […]
Yes Bank aims to expand margins by 100 bps in next 3 years – MD
Yes Bank sees scope to expand its net interest margin by 100 basis points over the next three years by raising more low-cost deposits and […]
30 regional rural banks get education loan cover
Education loans offered by around 30 regional rural banks (RRBs) will now have the credit shield from the Credit Guarantee Fund Scheme for Education Loans, […]
Bank loan rates drop in April, a first in 11 months
Bank lending rates declined for the first time in April after rising for 11 consecutive months, data from the Reserve Bank of India showed. The […]
As Rs 2000 notes flow back, 80% stay within banking system
Bankers expect a 150-basis-point rise in deposit levels as the initial few days into the mandated exchange of ₹2,000 banknotes showed that almost 80% of […]
Insistence of physical visits to bank branches may be avoided, says RBI committee
Insistence on physical visits, physical presentation of documents for closure of bank accounts may be done away with if the Reserve Bank decides to implement […]
Bank of Baroda launches facility for cash withdrawals using UPI on its ATMs
Bank of Baroda on Monday announced launch of Interoperable Cardless Cash Withdrawal (ICCW) facility wherein a customer can withdraw cash using UPI from the bank’s […]
Increase in ransomware cases in banks, RBI tells Parliamentary panel
There has been an increase in ransomware cases in banks, and data exfiltrated from such attacks and made available in dark webs pose serious concerns, […]