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RBI to simplify KYC norms

The Reserve Bank of India (RBI) will soon come up with guidelines to simplify know-your-customer (KYC) norms and to make Aadhaar the proof for address and identification."In the next few days, we......

Some consolidation in banking space inevitable: FM

Stating some consolidation in the banking system was inevitable, Finance Minister P Chidambaram on Saturday said India must have two or three world size banks. "Finding new business models will......

Govt not to force bank mergers

Mergers on individual banks will not be forced and no time frame has been set for the consolidation process in the banking system, financial services secretary R Gopalan said on Tuesday. Merger of......

FM needs a miracle to save banks

Every time the problem of capital crunch crops up, our policy-makers try to wish it away, says Ajit Ranade. The biggest gathering of bankers in the country called BANCON is an annual occasion for......

SBI to hire 27,000; to open 1,000 branches

State Bank of India plans to hire more than 27,000 people this year to fill its vacancies across different divisions, a top official said. "This year we have plans to recruit 20,000-22,000 people......

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