Bank Rate
5.40%
CRR
4.00%
SLR
18.75%
Repo Rate
5.15%
Reverse Repo Rate
4.90%
MSF Rate
5.40%
 

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Banking Articles


March 2018

February 2018

January 2018

Finance Ministry invites fresh applications for RBI Deputy governor post
2018-01-31

The finance ministry today sought application from eligible candidates for the post of RBI Deputy Governor, a position that fell vacant after S S Mundra retired on completion of his three-year term on July 31, 2017.

Please Refer - http://www.financialexpress.com/industry/banking-finance/finance-ministry-invites-fresh-applications-for-rbi-deputy-governor-post/1038681/

Big loan default: Claims worth Rs 3.13 lakh crore under insolvency proceedings
2018-01-29

Claims worth Rs 3.13 lakh crore, related to 11 defaulting companies notified by the Reserve Bank, are under insolvency proceedings, the pre-budget Economic Survey said today.

Please Refer - http://www.financialexpress.com/industry/banking-finance/big-loan-default-claims-worth-rs-3-13-lakh-crore-under-insolvency-proceedings/1034876/

Axis Bank launches 4th edition of “Evolve”
2018-01-29

Private sector Axis Bank today launched the fourth edition of 'Evolve', an annual multi-city knowledge series for Bank’s SME customers here.

Please Refer - http://www.financialexpress.com/industry/banking-finance/axis-bank-launches-4th-edition-of-evolve/1034981/

SBI found guilty of deficiency in service by consumer court
2018-01-27

A district consumer forum has held the SBI guilty of deficiency in service for debiting money from a bank account despite a failed ATM withdrawal and awarded a compensation of Rs 3,000 to the account holder.

Please Refer - http://www.financialexpress.com/industry/banking-finance/sbi-found-guilty-of-deficiency-in-service-by-consumer-court/1032375/

Honest borrowers to get easy loans: DFS Secretary Rajiv Kumar
2018-01-26

Honest borrowers will find it easier to get loans from public sector banks (PSBs) following the reforms being undertaken, Financial Services Secretary Rajiv Kumar has said, asserting that there would be a premium on integrity.

Please Refer - http://www.financialexpress.com/industry/banking-finance/honest-borrowers-to-get-easy-loans-dfs-secretary-rajiv-kumar/1031475/

Arun Jaitley’s Rs 2.11 lakh crore bank recap details: Rs 10,000 crore for IDBI; here’s who gets how much
2018-01-24

The Finance Ministry on Wednesday tightened the noose on public sector banks (PSBs), saying that the massive Rs 2.11 lakh crore bank recapitalisation announced by the government will alongside reforms by the banks to ensure that the banking crisis does not get repeated.

Please Refer - http://www.financialexpress.com/industry/banking-finance/arun-jaitleys-rs-2-11-lakh-crore-bank-recap-details-rs-10000-crore-for-idbi-full-list-who-gets-how-much/1028649/

Banks may need Rs 89,000 crore provisioning under Ind-AS, says report
2018-01-24

Banking sector may require up to Rs 89,000 crore of capital towards incremental provisioning for advances while transiting to the new accounting system Ind-AS, says a report.

Please Refer - http://www.financialexpress.com/industry/banking-finance/banks-may-need-rs-89000-crore-provisioning-under-ind-as-says-report/1028836/

Aadhaar Biggest Tool To Empower The Poor, Says Mohandas Pai
2018-01-22

As the controversy over Aadhaar rages on, noted IT veteran and tech investor Mohandas Pai said today that the biometric ID is the biggest tool for empowering the poor.

Please Refer - http://profit.ndtv.com/news/nation/article-aadhaar-biggest-tool-to-empower-the-poor-says-mohandas-pai-1803242

 


       

 





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