Reports say government may look to cut stakes in Central Bank, UCO Bank, Punjab & Sind Bank, and Indian Overseas Bank to 75 per cent
The Insolvency and Bankruptcy Code (IBC) unified India's fragmented debt recovery laws in 2016, shifting control from debtors to creditors and improving recovery outcomes
Did positive catalysts such as the Apple Pay integration, strong deposit mobilisation, and robust gross advances drive investor optimism for Axis Bank?
Customers must actively engage with banks and law enforcement, leveraging detailed documentation to prove the legitimacy of their transactions and seek the release of their funds, emphasizing proportionality in investigative actions
Banks will remain open on Sunday, September 27, providing a crucial window for customers before a three-day nationwide bank strike scheduled from September 28 to 30
The strike has raised concerns among customers who need to complete important banking transactions, including cash deposits, withdrawals, cheque-related work and other branch-based services
The union finance minister emphasised that while banks must remain serious, PSBs also need to balance this with initiatives that resonate with the youth demographic, who are increasingly driving consumption and financial behaviour
The draft Credit Valuation Adjustment (CVA) Framework directions for commercial banks published by the RBI are open for comments from the public till Aug 28
Loans granted in India against specific NRI deposit types will now be excluded from the Adjusted Net Bank Credit (ANBC) calculation, which determines a bank's priority-sector lending obligations