Company launches claim guarantee scheme for customers.
United Progressive Alliance-led government proposed lenders as insurance brokers; new FM not too keen, say insurers.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
However, the remuneration of Puri and Kochhar are not strictly comparable as the two banks follow different accounting practices.
According to RBI sources, some banks had extended credit to existing borrowers to repay their debt, known as evergreening of loans in banking parlance.
Deal with current owner Exide may be signed next week
Act says remuneration to directors and key managerial personnel should involve a balance between fixed and incentive pay.
The committee's suggestion that existing commercial banks be allowed to hold payment banks as subsidiaries is also seen as unviable by RBI and the finance ministry.
IBA has commissioned a study to evaluate the pros and cons of keeping banks shut on Saturdays.
To reduce time taken for product approvals, Irda has asked life insurers for a product planner before every financial year.
Hopscotch.in wants to focus on enhancing technology and mobile applications.
The RBI wants to enforce more transparency in public sector banks. Manojit Saha The Apex bank wants the government t oreduce stakes in PSUs.
Post graduate colleges are aggressively tying up with banks to introduce banking courses.
The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.
The Jalan panel has recommended to the RBI to keep shady entities out of banking licence race.
The Finance Ministry has asked top rung exectives of United bank of India to furnish bad loan recovery report on daily basis.
Though most foreign banks appear reluctant to establish a subsidiary here, Citi is the only bank that has so far communicated this to the regulator, in writing.
The Reserve Bank of india is likely to tell state-run United Bank of India (UBI), which has seen erosion of capital due to bad loans and higher provisioning to implement prompt corrective action.
Telecom department says spectrum can't be used as collateral because it's government property
Banks have taken this aggressive posture even as liquidity has become comfortable on the back of increased government spending.
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