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.
With the advent of new banks, IT firms will get boostto their businesses.
Most players will need to burn the midnight oil to meet the deadline for creating a bank as well as specific norms set by RBI.
The RBI wants to enforce more transparency in public sector banks. Manojit Saha The Apex bank wants the government t oreduce stakes in PSUs.
It is also learnt that Deutche bank has initiated a search for a new head of its private wealth management business in India
According to sources, a few hundred have been issued to Indian businessmen, celebrities and brand experts.
The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.
The Central Vigilance Committee has sought loan data from United Bank
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.
Some lenders in talks with LIC for pvt placement
.jpg)
A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
Lender had 5.12 mn cards - almost a third of the total number of credit cards in the industry - at the end of November, 2013.
Loan defaults and restructuring to limit profits.
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances