Generally, the central bank grants its approval by mid-March, or latest by March 31, but most banks have not received RBI approval on bonus packages this year.
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
GIFT is a financial centre almost entirely devoid of bankers and, indeed, of people.
The whole project smacks of cronyism and corruption
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Despite criticism, the investment bank said that it stands by its research.
The banking sector is set to move at a fast pace from hereon.
In the previous Budget, the government had come out with a similar scheme.
Arun Jaitley will aim for jumps in other revenue streams for the government.
'The slide in growth has arisen primarily because we have an NBFC crisis on top of a banking crisis,' points out T T Ram Mohan.
Calcutta HC dismisses United Bank of India's decision on technical grounds
Bank unions - officers and workmen - had buried their differences and sat across the table on August 29 to work out a fresh deal with the IBA involving a 20 per cent wage hike.
None of the four benchmarks suggested by the RBI is ideal as banks in India create loan assets from their deposits and not borrowing from the regulator or market, says Tamal Bandyopadhyay.
Debit card use at POS terminals increasing at rapid clip, transactions at ATMs declining
The evolving RBI-government relationship, a reversal in the interest rate cycle and return to profitability will dominate bankers' conversation this year, says Tamal Bandyopadhyay.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
For some, he is a visionary who grew his one-channel firm into a media giant by the sheer dint of his courage; for others, he is a compulsive risk-taker.
Attractions range from start-up challenges to non-monetary perks; employee stock options also play a role.
Move could be aimed at integrating operations with Indian subsidiary.
Vastu Housing Finance is trying to leverage technology to distinguish itself in a crowded space.
Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.
Experts say the new guideline is likely to hurt foreign players more, especially card companies such as Visa, MasterCard and American Express who process and store credit card transaction data outside of India.
Key questions remain about the operational and financial viability of a completely paperless bank such as India Post, says Mayank Jain.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
The Jan Dhan scheme restricts the scope of life insurance cover to bring down burden on the exchequer.
By piling more pressure on governments, central banks risk not accomplishing much and yet provoking a political backlash that could threaten their independence.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
JPMorgan, Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley, as well as Britain's Asia-focused Standard Chartered said they would try to support London's financial sector
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
The culture of these firms is alien to the Indian financial system. Distressed assets funds are known for their ruthless recovery ethics. Slicing and dicing a company and selling it on a piecemeal basis is their usual practice. This is something Indian banks are finding a little uncomfortable.
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
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2014 made a lot of promises; can the new year deliver?
C S Ghosh, founder of Bandhan Bank, believes his unique business model is not comparable to any financial institution in India -- neither small finance banks, nor big private sector banks -- and hence the valuations are justified.
Out of nearly 30 public sector undertakings and assets under 'strategic sale' plan, only the ONGC-HPCL plan has been completed
Firm terms lenders' move to appoint monitoring agency 'unwarranted'.
'...and defensive until the global macro headwinds turn more benign.'
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
Breaking his silence over the demonetisation issue, RBI Governor Urjit Patel on Sunday said the central bank is monitoring the situation on a daily basis and taking all necessary actions to "ease the genuine pain of citizens" with a clear intent to normalise the things as early as possible.
India Inc has too much on its plate to ensure double digit growth in FY16.
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
The options include involving jewellers as collection centres, addressing of issues that banks have been facing and using domestically available gold for giving metal loans to jewellers for domestic sales.
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