banking sector

FM Sitharaman to take inventory of PSBs’ deposit mobilisation, cybersecurity levers on Aug 19

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Finance Minister (FM) Nirmala Sitharaman’s August 19 assembly with heads of public sector banks (PSBs) will focus majorly on the varied steps that lenders have taken to mobilise deposits, whereas additionally specializing in the cybersecurity measures adopted to stop frauds, two senior officers informed businessline. “The FM will evaluate the credit-deposit (CD) ratios of PSBs, … Read more

Funds 2024 Bulletins, Stay Updates: Modi 3.0’s first full Funds set to form ‘Viksit Bharat’ imaginative and prescient

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Not essential to activate countercylical capital buffer now: RBI tells banks

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The Reserve Financial institution of India (RBI) on Tuesday stated it’s not essential to activate countercyclical capital buffer (CCyB) for banks at this time limit. The purpose of the CCyB regime is two-fold. Firstly, it requires banks to construct up a buffer of capital in good instances which can be used to take care of … Read more

Banks, non-banks ought to reorient their grievance redress framework to help Inner Ombudsman: RBI DG Swaminathan

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Regulated entities ought to reorient their grievance redress framework to help the Inner Ombudsman (IO) mechanism to make sure easy functioning of the general inside grievance redress course of, in accordance with RBI Deputy Governor Swaminathan J.  Additionally learn: RBI receives bids from banks for allotment of ₹3-lakh cr towards notified quantity of ₹2.5-lakh cr … Read more

FY23 Financial institution Efficiency Shines, however Inventory Costs Stay Muted: Components to Watch in FY24

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FY23 was an unexpectedly good yr for banks. Whether or not when it comes to development, asset high quality or profitability, it was undoubtedly among the finest performances throughout classes in over a decade. Mockingly, although, the inventory costs of banks aren’t reflecting evenly this nice present. The positives are maybe baked into the valuations, … Read more