NEW DELHI : The Reserve Bank of India (RBI) has asked state governments not to transfer their deposits out of private …
Private banks to gain most from Budget’s Rs 5 lakh cover
(This story originally appeared in on Feb 03, 2020) MUMBAI: Private sector banks will be the biggest gainers of the government’s …
Nation-wide strike impacts banking services at Public Sector Undertaking banks
Services of public sector banks were impacted on Saturday as a nation-wide strike by employee unions entered its second day. …
RBI tells banks to cap stake in insurance companies at 30%
MUMBAI : The Reserve Bank of India has asked lenders to cut their stakes in insurers to 30%, as the banking …
RBI proposes Rs 200 crore minimum capital for small banks under ‘on tap’ licence regime
MUMBAI: The Reserve Bank of India (RBI) on Friday proposed a minimum equity capital of Rs 200 crore to set up a small …
Budget 2019: State banks in a fix over proposed hike in minimum public holding
The budget proposal to raise the minimum public shareholding limit to 35% from 25% may be a stiff challenge for state-run …
Allow basic savings account holders to make at least 4 withdrawals a month: RBI to banks
Mumbai: The Reserve Bank of India (RBI) on Monday said commercial banks need to offer holders of basic savings bank deposit (BSBD) accounts, …
7 times banks harassed customers, and got a knock on the knuckle
The Reserve Bank of India recently released the annual report of the banking ombudsman scheme (BO scheme). The scheme was …
View: The next government needs to ax the public sector banks
India, the world’s fastest growing large economy, is slowing: There has been a visible deceleration in activity in the past …
Banks, realty stocks correct after MPC cuts repo rate by 25 bps, lowers inflation
Banking stocks witnessed profit booking on April 4 after the Monetary Policy Committee cut repo rate by 25 basis points. …