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.
Niti Aayog Vice-Chairman Rajiv Kumar on Tuesday said the central bank’s institutional capabilities are ‘very strong’ and it will do whatever is required for the markets and economy.
The Indian government must heed the RBI’s message on financial stability, IMF’s Chief Economist Maurice Obstfeld has said, amidst reports of friction between the central bank and the finance ministry over several issues, including how much capital the apex bank needs.
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
आयुष्मान भारत योजना(AYUSHMAN BHARAT YOJANA) या प्रधानमंत्री जन आरोग्य योजना (PRADHAN MANTRI JAN AROGYA YOJANA ) क्या है ? ————————————————————————————————– १.यह गरीबों के लिए 5 लाख का सालाना पूरे परिवार के लिए स्वास्थ्य बीमा है | २.इस योजना से 50 करोड़ (करीब 40% आबादी ) लोगो को फायदा पहुचाने का सरकार का उद्देश्य है| ३.इस…
The rupee closed at an all time low of 72.97 a dollar, down 0.63% from its Monday’s close of 72.51. The home currency opened at 72.60 per dollar.So far this year, the rupee has weakened 12.5%, while foreign investors have sold $784.50 million and $6.38 billion in equity and debt markets, respectively.
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.