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Latest Articles in Banking

PSU Banks On-board 1-Cr Account Holders On Digital Payment Modes In A Month

The campaign, aimed at encouraging customers to use digital banking channels, was launched on August 15 under the aegis of the government''s Digital India initiative.

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RBI Rejects All Bids At First Open Market Bond Buy This Year

The RBI had planned to buy up to 100 billion rupees ($1.35 billion) worth of six-year to 11-year papers at an open market operation. But despite receiving bids worth 664.73 billion rupees in total, it did not accept any of them.

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Global banking recovery will stretch to 2023 and beyond: S&P

S&P said recovery to pre-crisis levels could occur for the Chinese banking system by end-2022. Other emerging markets may recover in 2023 or later.

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‘Banks .... Need To be strong intermediaries of economic policy

Bank’s are key to our economic outreach and we need to make them stronger and trustworthy!

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Deutsche Bank To Close 20% Of Domestic Branches In Coronavirus Shift

The reduction to some 400 branches from around 500 currently would occur primarily in urban locations and take place "as quickly as possible".

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Rate Cuts Have Not Spurred Investment: SBI Chairman

India must open itself to free trade and recapitalize banks urgently, says Professor Arvind Panagariya, Former Vice Chairman, NITI Aayog and Professor of Economics at Columbia University. Rajnish Kumar, Chairman, State Bank of India pointed out that interest rate cuts had not led to increase in investment, despite the banks passing on the rate cuts to the customers.

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Banks Must Be Recapitalized Urgently To Prevent Another Credit Collapse: Former NITI Ayog Vice Chairman

According to Prof Panagariya, Indian economy can tolerate 6%-7% inflation and RBI should not be too obsessed with keeping the inflation low.

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Fitch Ratings Takes Rating Action On Four NBFCs

The ratings of these entities continue to reflect the considerable economic and financial challenges arising from the pandemic, the global rating agency said.

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Deutsche Bank: Global GDP To Hit Pre-COVID-19 Levels In Mid-2021

Deutsche raised its forecast for global GDP, expecting it to shrink 3.9% this year after predicting in May a contraction of 5.9% for 2020.

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SBI Card Users Can Now Make Payments Via Google Pay

The launch is in line with SBI Card's endeavour to promote zero contact, digital forms of payments for safe and enhanced customer experience. The brand has a customer base of over one crore.

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BBB Recommends 13 Names For Appointment As Executive Directors In PSU Banks

The list of selected candidates would be sent to the Department of Financial Services to get the Appointments Committee of Cabinet (ACC) approval.

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RBI Loan Restructuring: Will It Revive The Economy?

Instead of demoralizing the prudent decisions of the banks the RBI should allow the banks to employ one-time loan restructuring scheme to help harrowed borrowers. Banks should be given freedom to fabricate their own internal standards and strategies.

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India's Fraud-Hit PMC Asked Other Major Banks For Merger - Administrator

PMC is a regional co-operative lender with 137 branches across six states in India, and its sudden downfall in late September 2019, has left thousands of its depositors struggling.

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Need For Speed: Flash Banking To Go Mainstream

Banking in the 21st century and the distant future will need to adopt an adaptive approach as per the demands of customers.

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RBI Lays Down Guidelines For Banks To Appoint Chief Compliance Officers

According to an RBI circular, the CCO should be appointed for a minimum fixed period of three years in the rank of a general manager or not below two levels of the rank of CEO.

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