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BANKING SYSTEM NEWS

Digitalisation efforts, reforms boosted Kerala’s BRAP ranking: Industry Minister

September 07, 2024 11:25 pm

Working to transform Kerala into a hub for IT, a centre for AI, and automotive tech

Banking system liquidity deficit at record high of Rs 3.4 lakh crore

January 25, 2024 12:42 am

“The primary reason for this (liquidity deficit) is that the government is not spending much. Also, this week is when the goods and services tax (GST) outflow happens,” said a treasury head of a private sector bank.

Banking system liquidity turns deficit for first time in FY24 due to I-CRR, tax outflows

August 23, 2023 12:32 am

The liquidity, as reflected by the amount of money injected by the RBI into the system, stood at Rs 23,644.43 crore on August 21, the latest RBI data showed. Since the beginning of FY2024, the RBI has been absorbing excess liquidity from the banking system.

Banks face stiff competition from mutual funds in mobilising capital

July 17, 2023 9:16 am

Bank deposits grew by Rs 11.16 lakh crore to Rs 191.6 lakh crore during the quarter ended June 2023. Of this, time deposits (fixed deposits) showed a growth of just 5.3 per cent to Rs 167.11 lakh crore despite the withdrawal of Rs 2,000 notes and the tax liability on debt funds.

Express view on RBI's latest financial stability report: Welcome turnaround

July 03, 2023 6:08 pm

Banks have seen an improvement in asset quality, but areas of stress in retail loans require close monitoring

Banks readying systems to track spends on outward remittances

June 26, 2023 8:02 am

Banks were finding the going tough in assessing and collecting TCS on exemptions while using credit and debit cards outside India, banking sources said.

Deposit rates may remain steady as liquidity improves, inflation falls

June 02, 2023 9:07 am

The consumer price index-based inflation (CPI) or retail inflation eased to an 18-month low of 4.7 per cent in April 2023 from 5.7 per cent in the previous month. Last week, Reserve Bank of India (RBI) Governor Shaktikanta Das said CPI for May could be even lower than the April print.

Our banking system stable, resilient: Das

March 18, 2023 12:50 am

Das, however, cautioned lenders against build up of any asset-liability mismanagement and asked them to keep conducting internal stress tests to ensure proper risk assessment.

Banking system liquidity turns surplus on higher deposit growth, govt spending

March 08, 2023 11:44 pm

Higher government spending which is also increasing the deposit base of the banking systeM

Liquidity turns surplus as demand for cash drops post festive season

November 07, 2022 6:16 am

Liquidity in the banking system refers to readily available cash that banks need to meet short-term business and financial needs.

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