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RBI asks banks to improve IT governance

Last Updated: Wednesday, June 13, 2012, 23:38

The Reserve Bank Wednesday asked banks to improve information technology (IT) governance and information security (IS) framework to enhance their business prospects.

FM asks public sector banks to manage NPAs

Last Updated: Monday, May 28, 2012, 21:07

Concerned over rising bad loans, Finance Minister Pranab Mukherjee Monday asked the banks to take steps to manage their non-performing assets (NPAs) which have grown on account of economic downturn.

RBI reconstitutes TAC on Financial Markets

Last Updated: Monday, May 7, 2012, 23:31

The Reserve Bank Monday reconstituted 18-member Technical Advisory Committee (TAC) on Money, Foreign Exchange and Government Securities Markets.

PNB plans 24 hours banking services centres

Last Updated: Thursday, April 12, 2012, 19:16

State-run Punjab National Bank will roll out new service centres where customers can access select banking services like updating of passbook 24X7.

70,000 villages identified for providing banking access: RBI

Last Updated: Tuesday, March 20, 2012, 23:17

The Reserve Bank of India (RBI) Tuesday said that 70,000 villages in the country have been identified for access to banking.

Banks resilient despite rising NPAs, pressure on margins: Care

Last Updated: Sunday, March 11, 2012, 10:22

Despite pressure on margins and concerns over asset quality, the banking sector as a whole will continue to display resilience, says a report by Care Rating based on the performance of 39 banks during the first nine months of this fiscal.

Take-out financing by banks to remain subdued: Experts

Last Updated: Thursday, March 1, 2012, 21:08

Banks are less likely to opt for take-out financing route to spread their risks in infrastructure financing in the next 12 months as risk outlook is negative for this segment now, banking experts said Thursday.

Axis Bank to start Sri Lanka operations

Last Updated: Wednesday, October 19, 2011, 19:08

India's No.3 private lender Axis Bank has been granted a banking licence in Sri Lanka and will start operations at its first branch this week, the island nation's central bank said on Wednesday.