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Finance Ministry initiates 4th phase of consolidation of Regional Rural Banks, number of banks to reduce from 43 to 28

A road map has been prepared in consultation with NABARD for further consolidation which will bring down the number of RRBs to 28 from 43, it said.

05 November 2024, 07:39 IST

Finance Ministry initiates 4th phase of consolidation of Regional Rural Banks, number of banks to reduce from 43 to 28

Finance Ministry initiates 4th phase of consolidation of Regional Rural Banks, number of banks to reduce from 43 to 28

Finance Ministry initiates 4th phase of consolidation of Regional Rural Banks, number of banks to reduce from 43 to 28

05 November 2024, 07:39 IST

Banks in Maharashtra to go on strike on November 16 seeking adequate security to bank employees, properties

The UFBU would also hold a dharna on 25 October at the Azad Maidan after which they would meet the officials of Indian Bank Association and Maharashtra administration and police.

19 October 2024, 14:19 IST

Banks in Maharashtra to go on strike on November 16 seeking adequate security to bank employees, properties

Banks in Maharashtra to go on strike on November 16 seeking adequate security to bank employees, properties

Banks in Maharashtra to go on strike on November 16 seeking adequate security to bank employees, properties

19 October 2024, 14:19 IST

Banks must ride on advantages of AI and Bigtech, not the other way: RBI Governor Das

"The heavy reliance on AI can lead to concentration risks, especially when a small number of tech providers dominate the market. This could amplify systemic risks, as failures or disruptions in these systems may cascade across the entire financial sector," Reserve Bank of India Governor Shaktikanta Das said.

14 October 2024, 12:46 IST

Banks must ride on advantages of AI and Bigtech, not the other way: RBI Governor Das

Banks must ride on advantages of AI and Bigtech, not the other way: RBI Governor Das

Banks must ride on advantages of AI and Bigtech, not the other way: RBI Governor Das

14 October 2024, 12:46 IST

Mangaluru: AIBEA urges Centre to fill 1 lakh vacancies in banks

"Instead of filling up these vacancies, the Banks are trying to outsource these permanent jobs on temporary and contract basis. We strongly oppose," said AIBEA General Secretary C H Venkatachalam.

13 October 2024, 08:01 IST

Mangaluru: AIBEA urges Centre to fill 1 lakh vacancies in banks

Mangaluru: AIBEA urges Centre to fill 1 lakh vacancies in banks

Mangaluru: AIBEA urges Centre to fill 1 lakh vacancies in banks

13 October 2024, 08:01 IST

Slower deposit growth pushing banks to raise funds from bonds: Icra report

The bond issuances, coming amidst a continuing wedge between deposit and credit growth, will come between Rs 1.2-1.3 lakh crore and will be the highest ever for the system, the report said.

24 September 2024, 08:48 IST

Slower deposit growth pushing banks to raise funds from bonds: Icra report

Slower deposit growth pushing banks to raise funds from bonds: Icra report

Slower deposit growth pushing banks to raise funds from bonds: Icra report

24 September 2024, 08:48 IST

Banks need to adapt to changing customer preferences to remain competitive: CEA

Chief Economic Advisor to the Centre, V Anantha Nageswaran highlighted the crucial role of agriculture in driving economic growth at an event organised by public sector Indian Bank here on Saturday.

15 September 2024, 07:01 IST

Banks need to adapt to changing customer preferences to remain competitive: CEA

Banks need to adapt to changing customer preferences to remain competitive: CEA

Banks need to adapt to changing customer preferences to remain competitive: CEA

15 September 2024, 07:01 IST

What FM Sitharaman’s warning means for banks

With credit growth outpacing deposits since FY 2022, the banking sector faces rising liquidity and credit risks.

22 August 2024, 20:59 IST

What FM Sitharaman’s warning means for banks

What FM Sitharaman’s warning means for banks

What FM Sitharaman’s warning means for banks

22 August 2024, 20:59 IST

Banks’ net interest margin falls on high deposit costs

Interest expenses of scheduled commercial banks surged by 27% year-on-year in the first quarter of the current financial year.

20 August 2024, 21:46 IST

Banks’ net interest margin falls on high deposit costs

Banks’ net interest margin falls on high deposit costs

Banks’ net interest margin falls on high deposit costs

20 August 2024, 21:46 IST

Wayanad landslides: Banks have taken steps to financially help survivors, says Kerala CM Vijayan

These decisions were taken at a State Level Bankers' Committee (SLBC) meeting held here on Monday, the CM said at a press conference.

20 August 2024, 19:05 IST

Wayanad landslides: Banks have taken steps to financially help survivors, says Kerala CM Vijayan

Wayanad landslides: Banks have taken steps to financially help survivors, says Kerala CM Vijayan

Wayanad landslides: Banks have taken steps to financially help survivors, says Kerala CM Vijayan

20 August 2024, 19:05 IST

Karnataka banks continue to miss targets set for Atal Pension Yojana penetration

Mamta Shankar, Whole Time Member (Economics), Pension Fund Regulatory and Development Authority (PFRDA), said that they expect more from banks in urban areas, which is underperforming as compared to rural areas.

10 August 2024, 03:53 IST

Karnataka banks continue to miss targets set for Atal Pension Yojana penetration

Karnataka banks continue to miss targets set for Atal Pension Yojana penetration

Karnataka banks continue to miss targets set for Atal Pension Yojana penetration

10 August 2024, 03:53 IST