Leeway on CRR and SLR was a long-standing demand from banks, which the RBI did not agree to till recently.
The Union finance ministry is planning to make rules regarding wilful defaulters more stringent, so that criminal charges can be pressed against such entities.
Private lenders have also been expanding their branch and automate teller machine networks aggressively.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
The voting results were concluded on Sunday and will be sent to the exchanges on Monday morning. YES Bank could not be reached for comment.
However, the remuneration of Puri and Kochhar are not strictly comparable as the two banks follow different accounting practices.
In the domestic market, the cost is a third but in the international market, we are finding it difficult to price it accordingly.
According to RBI sources, some banks had extended credit to existing borrowers to repay their debt, known as evergreening of loans in banking parlance.
A white-label ATM is similar to a normal bank ATM but is not owned by a bank, instead by a private ATM service provider.
Apart from streamlining loan processing, most public sector banks charge lower interest rate, an aspect which seems to be game changer.
Apart from mobile apps, 611 websites with the .in domain in the country were also found to be vulnerable, the Trend Micro survey reveals.
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.
The RBI wants to enforce more transparency in public sector banks. Manojit Saha The Apex bank wants the government t oreduce stakes in PSUs.
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
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