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banking system news

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RBI may have to infuse 1 Lakh crore by March to maintain liquidity, SBI says

A man walks past the RBI logo at RBI headquarters in Mumbai, Friday, Feb. 7, 2025.
Published on Mar 04, 2025 10:51 AM IST

Bengaluru techie loses 68 lakh to fraudsters by trying to sell his bed online

Bengaluru techie loses 68 lakh to fraudsters by trying to sell his bed online
Published on Dec 16, 2023 03:34 PM IST

Cleaning up of NPA mess will propel the economy

PREMIUM
The NPA situation in India before 2014 was severe.
Published on Jul 24, 2023 09:33 PM IST

A pragmatic move by RBI

PREMIUM
And at a time when rapid rate tightening — the interest rate has gone up by 2.5 percentage points since May — has especially pinched retail borrowers, the pause should provide some relief.
Published on Apr 06, 2023 07:34 PM IST

Number theory: Understanding the new American banking crisis

PREMIUM
A security guard stands outside of the entrance of the Silicon Valley Bank headquarters in Santa Clara, California, U.S.
Updated on Mar 27, 2023 01:50 PM IST

‘Crypto-friendly’ Signature Bank’s closure another blow to industry

A branch of Signature Bank is photographed, late Sunday.
Published on Mar 13, 2023 08:06 AM IST

A week of mayhem: Two US banks collapse back-to-back, are more failures looming?

Police officers leave Silicon Valley Bank's headquarters in Santa Clara, California.
Published on Mar 11, 2023 11:14 AM IST

Budget 2023: FM Sitharaman's past key budget announcements on banking

Finance Minister Nirmala Sitharaman during Budget 2022.
Published on Jan 30, 2023 11:16 PM IST

Israel's second digital bank gets regulatory go-ahead

In the era of most iconic inventions, digital banking has been the most significant emergence as a result of technological breakthroughs.
Published on Dec 25, 2022 10:16 PM IST

BC Sakhis: Unlocking rural women’s banking potential

PREMIUM
The government launched the Mission One Gram Panchayat, One BC Sakhi programme in 2019 aiming to create a pool of 1.25 lakh trained and certified women Self Help Group (SHG) members as BC Sakhis.
Published on May 11, 2024 01:56 PM IST

Piyush Goyal calls Insolvency and Bankruptcy Code ‘gamechanger reform’

Union minister Piyush Goyal listed out five guiding principles for insolvency professionals. 
Published on Nov 25, 2021 09:11 PM IST

Non-performing loans in banking sector to rise in next 12-18 months: Report

In its report titled “The Stress Fractures In Indian Financial Institutions”, S&P said with loan repayment moratoriums having ended on August 31, 2020, NPLs in the banking sector will likely shoot up to 10-11 per cent of gross loans in the next 12-18 months.
Updated on Nov 24, 2020 01:26 PM IST

Lenders question RBI’s loan exposure definition

RBI’s August 6 circular says borrowers with more than Rs 50 crore exposure to the banking system need to have an escrow mechanism and only banks managing such escrow can open current accounts.
Published on Aug 13, 2020 06:17 AM IST

PM Modi meets stakeholders from banks, NBFCs to discuss roadmap for future

Prime Minister Narendra Modi ‘s meeting with bankers focused on a roadmap for the future to ensure stable credit growth.
Published on Jul 29, 2020 10:55 PM IST

SC refuses to change Cheque validity period for lockdown

The court agreed to grant concessions under other statutes.
Published on Jul 11, 2020 04:45 AM IST

‘PMC officials hid fraud loans’: RBI to Bombay HC

An annual inspection of crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank has revealed that some bank officials had tampered with the lender’s core banking system to hide fraudulent loan accounts of real estate developer Housing Development and Infrastructure Limited (HDIL), the Reserve Bank of India (RBI) told the Bombay high court.
Updated on Nov 20, 2019 05:26 AM IST

Dubai is flouting biggest taboo of an economy without brakes

Two of Dubai’s homegrown billionaires are now calling for a pause to new development.
Updated on Nov 10, 2019 08:41 AM IST

No proposal to launch gold amnesty scheme: Report

Reports indicated that scheme would try to overcome limited success of an earlier amnesty scheme Pradhan Mantri Garib Kalyan Yojana (PMGKY), also known as IDS-II, launched in 2017, post-the demonetisation exercise.
Updated on Oct 31, 2019 04:29 PM IST

Haven’t heard about liquidity as a problem from anybody: Nirmala Sitharaman

Private sector lenders have said there is no liquidity crisis in the banking system and they are willing to participate in loan festivals meant to boost consumption ahead of the festival season, Union finance minister Nirmala Sitharaman said on Thursday.
Updated on Sep 27, 2019 02:03 AM IST

World’s worst bad-loan mess set to worsen on India’s cash crunch

India has announced a slew of measures including merging weak state-run banks with stronger ones in recent weeks to reverse the economic slowdown and avoid a surge in bad loans.
Updated on Sep 09, 2019 12:24 PM IST

Strategy a must to meet 5-tn target: Manmohan Singh

Former PM Manmohan Singh
Updated on Sep 08, 2019 06:07 AM IST

Care Ratings says 17 banks have bad loan ratio above 10%

Gross NPAs of a set of 36 banks increased to 8.97 lakh crore in June 2019.
Updated on Sep 04, 2019 01:43 PM IST

India’s sick economy needs Nyay medication

The poorest 50 million Indian families still earn a meagre 6,000 a month
Published on Aug 19, 2019 09:08 PM IST

How to track your unclaimed deposit

you will have to submit an application to the branch where the account is maintained.
Published on Jul 30, 2019 02:08 PM IST

Forensic audit detects 38 billion rupee fraud, says Punjab National Bank

Bhushan Power and Steel, one of India’s most indebted companies, was among the first 12 companies referred by the RBI India to a bankruptcy court for a debt resolution process under India’s new insolvency law.
Updated on Jul 07, 2019 10:33 AM IST

Time to raise women’s share in economy: Economic Survey

The Survey also says that the proportion of women having a bank or savings account that they themselves use have increased from 15.5% in 2005-06 to 53% in 2015-16.
Updated on May 28, 2020 06:23 PM IST

‘NBFCs need scrutiny, failure can cause losses’: RBI

Banks and mutual funds reduced lending to NBFCs and HFCs, creating a cash crunch and forcing the shadow lenders to sell assets and cut back on new loans. (Photo by Aniruddha Chowdhury/Mint)
Published on Jun 28, 2019 07:13 AM IST

With no official nod for halal funds, money scams arise

Investors register their complaints against IMA (I Monetary Advisory) jewellery fraud at a temporary police post set up at Shivajinagar, in Bengaluru on June 12.
Updated on Jun 23, 2019 11:57 PM IST

The Union budget must incentivise long-term household savings

Man counting college savings fund, tuition fee or student loan with calculator. Education price and expenses concept. Money and papers on table. Calculating budget and planning finance.
Published on Jun 14, 2019 08:40 AM IST