Financial News – Current News on Top

India’s ‘dirty dozen’ debtors lure big funds to bad loans
Income Tax Act set for overhaul
Allahabad Bank opens NCLT route for debt resolution with 20 stressed accounts
Robust public sector banking will support growth: Arun Jaitley
Not to pursue Islamic banking in India, says RBI
RBI questions dealings under liberalised remittance scheme on laundering suspicion
Govt will pump more capital into public sector banks: Jaitley
SBI to focus more on extending microfinance to SHGs
‘Deadline to link Aadhaar to avail benefits extended’
Govt to infuse Rs. 2.11 lakh crore into PSU banks over 2 years

‘Capital infusion of PSBs to support credit growth, job creation’ 
The big bailout
RBI says got back almost all of banned currency notes
Banks exploring use of artificial intelligence in operations
Currency printing cost more than doubles to ₹7,965 crore
Digital payment modes gain momentum
Monetary transmission improves post-demonetisation
Cabinet clears alternative mechanism to oversee PSU bank mergers
Bank of Baroda announces change in working hours of administrative offices
’Rs 8 lakh cr NPAs may face bankruptcy proceedings'
Rs. 20 notes in Mahatma Gandhi 2005 series to be out soon

Demonetisation has helped Karnataka Bank grow low-cost deposits: MD

Govt move to create big banks through mergers risky, says union

Banks will have to take Rs. 2.4 lakh crore haircut to resolve India's top 50 NPAs: Crisil

FinMin asks PSBs to explore acquisition of smaller banks

Number of PSBs may go down to 12 as govt mulls consolidation

RBI allows NBFCs to offer new pension scheme

Enforcing zero liability norms will be challenging: Banks

IDFC-Shriram Group agree to finalise merger in 90 days

SBI in Nepal launches digital village

Here are 9 ways for banks to raise capital to tackle NPAs

What the new NPA ordinance means to banks?
President Mukherjee approves ordinance to amend Banking Regulation Act  
3 ways in which changes to Banking Act gives RBI more powers tackle NPAs   
RBI faces conflict of interest questions after NPA ordinance cleared   
Onus on RBI as govt notifies new rules to tackle NPAs of banks   
5 charts that show why cabinet cleared ordinance to solve NPA issue  
‘Biggest bad loans’ now in RBI’s crosshairs   
NPA ordinance: Why the new law is simply underwhelming   
Loan defaulters beware! Modi govt notifies new Banking Regulation Act

A Bank Should Be Something One Can “Bank” Upon (Speech by Dr. Viral V Acharya, Deputy Governor - April 28, 2017 - FICCI FLO Mumbai Chapter1)  
Cabinet approves changes in Banking Regulation Act to deal with NPAs, announcement likely tomorrow   
Public sector banks rush to get cyber insurance policies  
SBI reduces term deposit rates by up to 50 bps   
Janalakshmi gets final small finance bank licence  
North East's first small finance bank to start operations from June   
RBI Deputy Governor Viral Acharya calls for all-out sale of weak state-run banks   
PSU banks may be asked to take over non-performing assets  
Corporate Leverage in EMEs: Has the Global Financial Crisis Changed the Determinants?   
Banks scrambling to get books in order as deadline for resolution of bad loans looms  
Banks' stressed loans rise to $147.33 billion as of December 2016   
Government may shuffle heads of some PSU banks   
After associate banks, now Bharatiya Mahila Bank to also merge with SBI By ET Bureau | Updated: Mar 21, 2017, 01.35 AM IST   
RBI issues draft master circular for revised PPI norms   
RBI introduces Facility for Citizens and NRIs who were Abroad for Exchange of SBNs  
White Label ATM Operators (WLAOs) - Sourcing of cash from retail outlets  
Closure of the scheme of exchange of Specified Bank Notes (SBNs) at banks on December 30th 2016- Accounting  
Raids at branches impacting morale, say bankers; efforts on to reach out to staff  
I-T department nets Rs 2,900 crore in 586 searches  
Let people use old notes for necessities, says Supreme Court  
Printing of Rs 500 notes significantly stepped up, says government  
Raids at branches impacting morale, say bankers; efforts on to reach out to staff  
RBI orders banks to probe unusual cash transactions  
Airtel Payment bank service goes live in Karnataka  
Notes ban: FinMin asks banks to activate surveillance  
Inspired by India, Australia likely to demonetise $100 note  
Centre announces reward schemes to promote digital payments: 10 points

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