Bank branches still elude 4,056 GPs in Odisha

The national average of brick and mortar (B&M) branch and ATM per lakh of population is 18.12 and 22.32 respectively, whereas for Odisha ratio is 13.06 and 18.15.

published on : 24th June 2022

Urban co-op banks need to focus on symmetric development, adopt modern banking methods: Amit Shah

Shah emphasised on the reforms in urban cooperative banks and asked them to make structural changes, computerise accounting processes and infuse young talent in the sector.

published on : 23rd June 2022

Pakistan signs USD 2.3 billion loan facility agreement with Chinese banks

The loan agreement with Chinese banks will boost the crisis-hit Pakistan's reserves and enable Islamabad to make import payments while lending some support to the rupee as well.

published on : 22nd June 2022

RBI’s Payments Vision 2025 document will make financial inclusion a reality, say experts

Over 26 crore digital payment transactions are processed daily by payment systems, of which UPI system itself processes more than two-thirds, said RBI.

published on : 21st June 2022

CVC-constituted panel ABBFF gives advice on 84 bank fraud cases

The idea to establish ABBFF was to remove the fear of witch-hunting and actions based on hindsight, among officials of public sector banks.

published on : 19th June 2022

Finance Minister may urge bankers to approve loans for productive sectors during meet on June 20

Nirmala Sitharaman is scheduled to meet heads of public sector banks on June 20 and is expected to take a stock of credit growth, asset quality and plan revival of the economy, sources said. 

published on : 17th June 2022

Indians' funds in Swiss banks jump 50 per cent to over Rs 30,000 crore; customer deposits up too

The rise in aggregate funds of Indian clients with Swiss banks, from 2.55 billion Swiss francs (Rs 20,700 crore) at the end of 2020, marks the second consecutive year of increase.

published on : 16th June 2022

RBI asks small finance banks to focus on increasing capital base proportionately

The RBI said that deputy governors MK Jain and M Rajeshwar Rao held discussion with Managing Directors and Chief Executive Officers of SFBs.

published on : 10th June 2022

Odisha has only 13 bank branches per one lakh people

Odisha has 13 bank branches and 18 ATMs per one lakh population against the national average of 18 and 23 and the State is among the bottom-10 states in terms of financial inclusion.

published on : 31st May 2022

Advance action on privatisation of two PSBs underway: DFS secretary Sanjay Malhotra

In the Union Budget for 2021-22, the government announced its intent to take up the privatisation of two PSBs in the year and approved a policy of strategic disinvestment of public sector enterprises.

published on : 30th May 2022

Banks need to support growth, remain watchful of credit behaviour: RBI report

Banks had extended moratorium on repayment of loans and restructured advances to businesses to help them combat the impact of the COVID pandemic and subsequent lockdowns.

published on : 27th May 2022

US to end Russia's ability to pay international investors

The Treasury Department said in a notification that it does not plan to renew the license that allowed Russia to keep paying its debtholders through American banks.

published on : 25th May 2022

Banks can continue providing credit to NBFCs for on-lending to priority sectors: RBI 

These limits will be computed by averaging across four quarters of the financial year, to determine adherence to the prescribed cap, the circular said.

published on : 13th May 2022

Do well, get government business, banks told

However, the State level screening committee shall take a final decision based on the merits of the case and circumstances.

published on : 2nd May 2022

DFS Secretary asks banks to soar up balance sheet; raise capital from market 

The enhanced capital would help banks expand their business and push credit growth in the productive sectors.

published on : 22nd April 2022
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