FM Sitharaman highlights function of banking sector in India’s construction

Union Finance Minister Nirmala Sitharaman highlighted the the most important function of the banking sector which can assist in gratifying the rustic’s dream to develop into a evolved India by way of 2047. The minister used to be addressing the seventy fifth annual assembly of the Indian Banks’ Affiliation in Mumbai on Friday. She additionally … Read more

Banking sector at huge possibility of asset-liability mismatch: Pronab Sen

KOLKATA : India’s banking sector is confronted with the dilemma of a “huge asset-liability mismatch” that might explode anytime, famend economist Pronab Sen mentioned, including that there’s a want to re-evaluate rules governing the trade. Sen mentioned “that explosion” has now not but took place as many of the banks are within the public sector.  … Read more

RBI stipulates four-tier regulatory construction for city co-op banks

The Reserve Financial institution of India (RBI) on Tuesday prescribed a four-tier regulatory construction for city cooperative banks (UCBs), accepting the advice of a professional committee constituted remaining yr to signify adjustments geared toward strengthening the field. In February remaining yr, RBI had constituted the committee headed by means of former deputy governor N S … Read more