RBI cancels Sahara India's para-banking license

Last Updated: Tuesday, September 8, 2015, 13:57

The notice cancelling its license to conduction financial business has been sent to the Kapurthala head quarter of the Sahara India.

'RBI has less stringent norms on systemically important banks'

Last Updated: Monday, September 7, 2015, 15:52

RBI has recently identified the state-owned SBI and private lender ICICI Bank as D-SIBs and subjected them to higher levels of supervision to prevent disruption to financial services in the event of any failure.

Banking services hit by day-long strike

Last Updated: Wednesday, September 2, 2015, 20:02

Banking services across the country were hit Wednesday by the day-long strike by 10 central trade unions and 14 bank unions, but workers of largest lender SBI and a few other banks stayed off the agitation.

RBI official asks banks not to use govt capital to clean books

Last Updated: Monday, August 31, 2015, 19:04

A senior Reserve Bank official Wednesday said state-run lenders should use the capital received from the government to grow their credit books rather than clear their large pile of bad assets.

ICRA sees NPAs jumping to 5.9% by March from 4.4% in FY15

Last Updated: Wednesday, August 26, 2015, 21:24

The banking sector is likely to end the current fiscal with increased gross non-performing assets (NPAs) at 5.3-5.9 percent, primarily due to the withdrawal of the regulatory forbearance on restructured advances by the Reserve Bank from this April, ratings agency Icra said Wednesday.

Black money: Swiss govt rejects privacy in financial matters

Last Updated: Wednesday, August 26, 2015, 21:20

At a time when it is under global pressure, including from India, on black money menace, the Swiss government has rejected the popular initiative to allow strict privacy in financial matters.

Payments banks could make banking sector be a 'dog-eat-dog' market: SBI chief

Last Updated: Monday, August 24, 2015, 22:50

State Bank of India (SBI) chief Arundhati Bhattacharya Monday again expressed fears over the entry of payments banks, saying they are agile and have an edge as they are not bound by industry-level wage agreements which can lead to 'a dog-eat-dog's world'.

DBS to soft launch mobile banking in India

Last Updated: Monday, August 24, 2015, 16:37

Singapore's DBS bank which has branches in major cities of India will soft launch its digital/mobile online banking in the country this week, a top official of the bank said Monday.

Bandhan Bank joins Indian banking league with 501 branches

Last Updated: Sunday, August 23, 2015, 21:12

Bandhan Bank Sunday began operations as a full-fledged bank with 501 branches and 1.43 crore accounts across the country, becoming the newest member of the estimated USD two-trillion Indian banking industry.

Challenging times for banking sector: RBI

Last Updated: Sunday, August 23, 2015, 19:21

Indian banking sector is going through challenging times, characterised by low credit, impairment of assets and low profitability, RBI deputy governor H R Khan said Sunday.