Mumbai (Maharashtra) [India], September 11 (ANI): The Reserve Bank of India (RBI) on Friday issued new guidelines for banks to tighten their compliance functions and ensure that chief compliance officers (CCOs) follow the best industry practices as required by supervisory expectations.
New Delhi [India], September 10 (ANI): Union Finance Minister Nirmala Sitharam inaugurated Doorstep Banking Services by Public Sector Banks (PSBs) on Wednesday, which will provide the convenience of banking services to the customers at their doorsteps.
Mumbai (Maharashtra) [India], September 9 (ANI): Equity benchmark indices traded lower during early hours on Wednesday following losses in Asian markets after yesterday's rout in Wall Street.
Mumbai (Maharashtra) [India], September 8 (ANI/PRNewswire): DBS has been recognised as the World's Best Bank for the third year in a row, underscoring the bank's growing presence among banking leaders worldwide.
Washington [US], September 5 (ANI): American TV personality Tyra Banks, recently spoke about replacing 'Dancing with the stars' show original host Tom Bergeron and longtime co-host Erin Andrews for Season 29 of the competition dance series.
Kolkata (West Bengal) [India], September 4 (ANI): The West Bengal government on Friday announced that it will allow all the banks in the state to remain open for business on Saturdays henceforth.
Singapore, Sep 4 (ANI): Moody's Investors Service on Friday downgraded various instruments of five Indian banks: Bank of Baroda, Bank of India, Canara Bank, Punjab National Bank and Union Bank of India.
Hong Kong/Shanghai, September 4 (ANI): The fall in Chinese banks' profits will accelerate in the second half of current calendar year as authorities target to more than double the amount of non-performing loans (NPLs) resolved compared with the first half of the year, Fitch Ratings has said.
New Delhi [India], September 3 (ANI): Finance Minister Nirmala Sitharaman on Thursday asked bankers to roll out loan resolution schemes by September 15 and COVID-19 related distress must not impact their assessment of borrowers' creditworthiness.
Mumbai (Maharashtra) [India], September 3 (ANI): Indian private banks which have stronger loss-absorption buffers than the public sector banks are likely to gain market share from their state-owned peers in the medium term, Fitch Ratings said on Thursday.
Varanasi/Prayagraj (Uttar Pradesh) [India], September 3 (ANI): The Ghats on the banks of river Ganga in Varanasi have been submerged due to rising water level of the river. The region has been receiving heavy rainfall for the past few days causing flooding in many districts.
New Delhi [India], September 3 (ANI): Union Finance Minister Nirmala Sitharaman on Thursday will review the implementation of the resolution framework for COVID-19 related stress in bank loans with the top management of Scheduled Commercial Banks and NBFCs.