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RBI issues guidelines for appointment of statutory auditors of banks, NBFCs

April 27, 2021 11:48 am

The guidelines provide necessary instructions for appointment of SCAs/SAs, the number of auditors, their eligibility criteria, tenure and rotation, etc. while ensuring the independence of auditors, the Reserve Bank said.

World’s biggest stock owner says banks displaced tech as drivers of returns

April 22, 2021 2:56 pm

Norges Bank Investment Management, which owns about 1.5% of global stocks, beat its benchmark index in the first quarter, and also outperformed the MSCI World Index.

Over 200 cases against lawmakers under special laws pending in different states: SC told

SC extends relief on NPAs after govt says interest issue being considered at highest level

September 10, 2020 8:03 pm

The top court granted two weeks to the Centre and Reserve Bank of India (RBI) to file the affidavit and place before it the decisions taken in this regard.

Banks have done nothing to help retailers, says retail industry body RAI

April 27, 2020 2:41 pm

The retail industry body claimed that despite the Reserve Bank of India (RBI) circulars to banks to lend support to businesses, on the ground retailers are finding it difficult to access funds from banks for various reasons.

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Public to private

February 21, 2020 7:27 am

Unless government steps up reforms, public sector banks will continue to see erosion in their value.

Fitch Ratings says Indian banks to write off more loans

December 05, 2019 6:06 pm

The state-owned banks account for around 90 per cent of impaired loan stock, and have cumulatively written off nearly USD 30 billion in bad loans in the past three years.

Indian banks need USD 7 billion additional capital: Fitch

December 03, 2019 2:30 pm

In its 2020 Outlook for 'Asia-Pacific Emerging Market Banks', Fitch Ratings maintained a negative outlook on Indian banks, based on its expectations of continued weak performance despite trends showing this could be past the trough, and ongoing capital requirements.

CSB Bank to make stock market debut on Wednesday

December 03, 2019 2:16 pm

The initial public offering of CSB Bank, a Kerala-based lender, was subscribed a whopping 86.89 times last month.

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‘If some correction is required, that can be done, PSBs are vital: Dinabandhu Mohapatra

April 09, 2018 9:20 am

During demonetisation, PSBs played a major role. PSBs are vital and essential for the growth of the nation. True, there’s scope for improvement, says the MD and CEO of Bank of India.

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No cashless facility, extra hassle in paying SSC form fees: schools

November 14, 2017 10:22 am

Jagrutti Dharmadhikari, principal of Saraswati Vidyalaya and president of Independent English Schools Association (IESA), said that she had to send a peon with the cash to the branch in Wakdewadi to make the payment.

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Devotees take holy dip in Ganga on 'Magh Purnima'

February 22, 2016 7:07 am

Allahabad, Feb 22 (ANI): Thousands of Hindu devotees on Monday took a holy dip at 'Sangam', the confluence of river Ganga, Yamuna and Saraswati, in Allahabad on the occasion of full moon day or 'Magh Purnima'. 'Magh Purnima' marks the end of a month-long Kalpwas for thousands of Kalpwasis camping on the banks of Ganga. People and priests made their way to the banks before the break of the dawn. The devotees braved freezing temperatures as they took a holy dip in 'Sangam' and offered prayers at the banks.