Banking System

To combat the rising tide of online fraud and cyber threats, the bank provides Rs2 lakh of cyber insurance coverage to senior citizens

Anticipating the current liquidity deficit, the RBI in its December policy proactively reduced the cash reserve ratio (CRR) of all banks in two equal tranches of 25 basis points

Mitsubishi UFJ Financial Group Inc. is the lead bank of the deal, which will be raised in the Gujarat International Finance Tec-City

Analysts said that the liquidity improved on the back of government spending; however, it is expected to fall into deficit mode soon due to tax outflows

Government cash balance turns negative; Fx market remains volatile

The IBPS has announced the IBPS PO Prelims Score Card 2024 on Nov 27, 2024. Candidates appearing for the CRP PO/MT-XIV prelims can now download their scorecards from the official website at ibps.in

The People's Bank of China (PBOC) lent the medium-term facility (MLF) loans to financial institutions at 2%, the central bank said

Starlink needs to comply with existing norms, security concerns for satcom licence

Defaults have also risen in the microfinance segment, which includes loans given to low-income borrowers.

.

The results of the IBPS RRB Clerk Preliminary Examination 2024 have been formally released by the Institute of Banking Personnel Selection (IBPS) at the official IBPS website, ibps.in

Market participants said the banking regulator may conduct more VRR auctions to infuse liquidity if the weighted average overnight money market rates do not align with the repo rate

Chief Economic Advisor to the Centre, V Anantha Nageswaran has said banks should adapt to changing customer preferences and market dynamics in order to remain competitive. He highlighted the crucial role of agriculture in driving economic growth at an event organised by public sector Indian Bank here on Saturday. In his remarks on the topic 'Indian Economy and Banking: Growth and Trends", Nageswaran stressed on the importance of technological advancements in driving growth and innovation in the industry. The CEA, in a press release issued by the Bank, emphasised the need for banks to adapt to changing customer preferences and market dynamics to remain competitive. He hailed the Indian Bank for its efforts to invest in knowledge sharing and excellence and lauded it's initiative under the MSME Prerana programme which is aimed at training the entrepreneurs. In his address, Indian Bank Managing Director and CEO S L Jain said, "We are delighted to have Dr Nageswaran sharing his insight

Regulator's action, signs of stress, liquidity pressures to shape business

All stakeholders in RRBs must aim to improve their efficiency and competitiveness. Smaller, loss-making banks should be allowed to be subsumed by sponsor banks or any other commercial bank

RRBs reported their highest-ever consolidated net profit of Rs 7,571 crore for FY24, with a gross non-performing assets (GNPA) ratio of 6.1 per cent - lowest in 10 years

IBA mulls special apprenticeship scheme for banking sector

HSBC aims to double the assets under management in its British wealth business to 100 billion pounds

The registration deadline for IBPS PO SO Recruitment 2024 has been extended. Candidates can now complete their applications until August 28. This year, the IBPS PO exam will be held for 4,455 posts

Bali will join Yes Bank from Aug. 26 and report to executive director Rajan Pental, one of the sources said