Search For "commercial banks"
"Remain watchful," RBI Governor's advice to heads of banks amid global hea
Updated : 3 years, 3 months ago IST
RBI Governor Shaktikanta Das acknowledged the crucial role played by the commercial banks in supporting economic growth throughout the turbulent times since the outbreak of the pandemic and the ongoing financial market turmoil.
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Pakistan: Over USD 13 billion debt incurred in 10 months
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], May 25 (ANI): Pakistan's failure in handling its economy is an unpleasant result of its own actions as the country incurred a foreign debt of USD 13.033 billion from multiple financing sources in the first 10 months (July-April 2021-22) including USD 2.623 billion from
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Islamabad craves 'dollar injection' against dipping foreign currency reser
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 26 (ANI): As Pakistan's foreign currency continues to witness a drop-down, the crisis-hit country requires dollar inflows of USD 9 to USD 12 billion in the shape of rollovers and fresh loans from bilateral donors and commercial banks to get a breathing space.
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75 Digital Banking units to be setup in 75 districts by scheduled commerci
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI): Union Finance Minister Nirmala Sitharaman on Tuesday announced the introduction of Digital Rupee which will be issued by the Reserve Bank of India starting 2022-23, along with the setting up of 75 digital banking units in 75 districts by scheduled commerc
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ATM services to resume in Afghanistan, first time after Taliban's return t
Updated : 4 years, 1 month ago IST
Kabul [Afghanistan], January 14 (ANI): ATM services are going to become operational in Afghanistan from Saturday first time since the Taliban's return to power, reported local media.
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Banks' gross NPAs may rise to 9.5 per cent in Sept 2022: RBI
Updated : 4 years, 2 months ago IST
Mumbai [India], December 29 (ANI): The gross non-performing asset (GNPA) ratio of scheduled commercial banks is likely to increase to 9.5 per cent in September 2022 from 6.9 per cent in September 2021 in a severe stress scenario, the Reserve Bank of India (RBI) said on Wednesday.
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Nascent signs of recovery visible in Bank credit growth: RBI
Updated : 4 years, 2 months ago IST
Mumbai [India], December 28 (ANI): The consolidated balance sheet of scheduled commercial banks expanded in size during 2020-21 despite the contraction in economic activity due to the COVID-19 pandemic, according to 'Report on Trend and Progress of Banking in India 2020-21' released by the R
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Scheduled Commercial Banks recover Rs 90 cr from cyber financial frauds in
Updated : 4 years, 3 months ago IST
New Delhi [India], December 6 (ANI): Scheduled Commercial Banks has recovered around Rs 90 crores in an action against cyber financial frauds in the last five years, informed Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply in Lok Sabha on Monday.
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Pakistan struggles to pay Chinese debts amid ballooning external payments
Updated : 4 years, 3 months ago IST
Islamabad [Pakistan], December 4 (ANI): Beijing's debts are squeezing Pakistan's pinched finances as external payments are set to balloon to USD 14 billion at the end of this financial year and nearly half is owed to Chinese commercial banks, largely for the Belt and Road Initiative (BRI)
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RBI imposes monetary penalty on India's largest public sector bank SBI for
Updated : 4 years, 4 months ago IST
New Delhi [India], October 18 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 1 crore on the State Bank of India on Monday for non-compliance with the directions contained in "RBI (Frauds classification and reporting by commercial banks and select FIs directions 2016
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Global economy 'not yet out of the woods', warns RBI Governor Shaktikanta
Updated : 4 years, 6 months ago IST
New Delhi [India], August 31 (ANI): Stating that there are signs of recovery, Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday warned that the global economy is "not yet out of the woods" amid the ongoing COVID-19 pandemic.
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Covid-19 times may usher in new opportunities for banking sector: RBI
Updated : 5 years, 2 months ago IST
Mumbai (Maharashtra) [India], Dec 29 (ANI): The gross non-performing assets (GNPAs) ratio of scheduled commercial banks declined from 9.1 per cent at end-March 2019 to 8.2 per cent at end-March 2020 and further to 7.5 per cent at end-September, the Reserve Bank of India (RBI) said on Tuesday
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