Presently, the assets allowed as Level 1 High Quality Liquid Assets (HQLAs) for the purpose of computing the LCR of banks, inter alia, include (a) Government securities in excess of the minimum SLR requirement and, (b) within the mandatory SLR requirement, Government securities to the extent allowed by RBI under (i) Marginal Standing Facility (MSF)…
MUMBAI: The complete integration of Dena Bank and Vijaya Bank with Bank of BarodaNSE -0.86 % (BoB) is expected to take nearly 18 months. But customers will reap the benefits much earlier. BoB will be providing cash deposit and withdrawal facility in all branches by May. In an interview with TOI, BoB MD & CEO PS Jayakumar speaks of what customers, employees and investors can expect.
The Reserve Bank of India (RBI) will, for the time being, leave it to individual banks to decide how best to deal with corporate loan defaulters, and the government will exercise its majority shareholder rights to nudge state run banks to take insolvent companies to bankruptcy courts
Institute is pleased to announce Self-Paced E-learning courses (SPeL) for two of its certificate courses namely 1. Digital Banking and 2. Ethics in Banking.
The Finance Ministry has asked the 6 remaining PSBs, currently under PCA, to improve on 7 parameters to get the Govt’s support for coming out of the PCA framework.
As announced in the Monetary Policy Statement of December 5, 2018, the Reserve Bank of India (RBI) launched on 31st January 2019, the Ombudsman Scheme for Digital Transactions (OSDT) vide Notification dated January 31, 2019 for redressal of complaints against System Participants as defined in the said Scheme. Follow the link for the Scheme: The Ombudsman Scheme for Digital Transactions, 2019…
Dear Friends, At this juncture when Union Bank of India is celebrating its Centenary New Year and Bank Promotions are in process I feel delighted to present the Book entitled Awareness about Union Bank of India. This book contains awareness about Union Bank of India startiting from its History, Vision, Mission, Organisational Structure, various Joint…
With the appointment of Shaktikanta Das as the new governor of the RBI, the top position at the central bank returns to a career bureaucrat after a gap of five years when D. Subbarao demitted office in 2013
Experts feel the measures may not have a long-term impact on rupee.The currency tumbled to a new record low of 72.91 on Wednesday, and recovered sharply from those lows to make a high of 71.52 on Friday.
Govt proposes merger of Bank of Baroda, Dena and Vijaya Bank
The merger of Bank of Baroda, Dena Bank and Vijaya Bank set to create India’s third-largest bank with a total business of more than ₹14.82 trillion.