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Govt mulling national institute for valuers

Corporate Affairs Ministry will begin work on a Bill on valuation professionals and also pave the way for a national Institute on valuation.

Statement on Developmental and Regulatory Policies

RBI has released Statement on Developmental and Regulatory Policies on 6th June 2019 which sets out various developmental and regulatory policy measures for strengthening regulation and supervision; broadening and deepening the financial markets; and improving payment and settlement systems. I. Regulation and Supervision 1. Leverage Ratio for Banks In order to mitigate risks of excessive leverage,…

RBI’s IInd Bi-Monthly Monetary Policy Review as on 6th June 2019

– RBI cuts repo rate for 3rd time in a row by 25 bps to 5.75%. The repo rate, which now stands at 5.75 per cent, is the lowest since July 2010. – RBI delivers another rate cut, shifts policy stance to ‘accommodative’. The Reserve Bank of India (RBI) on Thursday the 6th June 2019,…

Relief for farmers and traders under Modi 2.0

In the first meeting of cabinet ministers after swearing in ceremony yesterday, the Modi 2.0 government approved a proposal to extend the benefit of Rs 6,000 per year under the PM-KISAN scheme to all farmers in the country.

Some banks make record provisions against bad loans

PCR is the ratio of provisioning to gross non-performing assets and indicates the extent of funds a bank has kept aside to cover loan losses. Some banks make record provisions against bad loans.Banks clean up books as NPA additions slow over the past year.

PNB may take control of 2-3 small state-run banks

PNB may take control of 2-3 small state-run banks. The government is seeking to consolidate the nation’s debt-burdened state banking sector.

Round 2 of PSB merger: Punjab National Bank, Union Bank & Bank of India may get a call

The government is soon likely to invite select lenders for discussion on a second round of merger in public sector banks, according to a finance ministry official.

3-bank merger: BoB will be net job creator, says CEO PS Jayakumar

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

Tag: Economy

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Budget 2025: Top 10 key takeaways from FM Nirmala Sitharaman's speech

Nirmala Sitharaman Budget Speech LIVE -Union Budget 2025

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Budget 2025: Top 10 key takeaways from FM Nirmala Sitharaman's speech

Nirmala Sitharaman Budget Speech LIVE -Union Budget 2025