![]() | Bank branches still elude 4,056 GPs in OdishaThe 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. |
![]() | Urban co-op banks need to focus on symmetric development, adopt modern banking methods: Amit ShahShah 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. |
![]() | Pakistan signs USD 2.3 billion loan facility agreement with Chinese banksThe 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. |
![]() | RBI’s Payments Vision 2025 document will make financial inclusion a reality, say expertsOver 26 crore digital payment transactions are processed daily by payment systems, of which UPI system itself processes more than two-thirds, said RBI. |
![]() | CVC-constituted panel ABBFF gives advice on 84 bank fraud casesThe idea to establish ABBFF was to remove the fear of witch-hunting and actions based on hindsight, among officials of public sector banks. |
![]() | Finance Minister may urge bankers to approve loans for productive sectors during meet on June 20Nirmala 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. |
![]() | Indians' funds in Swiss banks jump 50 per cent to over Rs 30,000 crore; customer deposits up tooThe 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. |
![]() | RBI asks small finance banks to focus on increasing capital base proportionatelyThe RBI said that deputy governors MK Jain and M Rajeshwar Rao held discussion with Managing Directors and Chief Executive Officers of SFBs. |
![]() | Odisha has only 13 bank branches per one lakh peopleOdisha 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. |
![]() | Advance action on privatisation of two PSBs underway: DFS secretary Sanjay MalhotraIn 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. |
![]() | Banks need to support growth, remain watchful of credit behaviour: RBI reportBanks 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. |
![]() | US to end Russia's ability to pay international investorsThe 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. |
![]() | Banks can continue providing credit to NBFCs for on-lending to priority sectors: RBIThese limits will be computed by averaging across four quarters of the financial year, to determine adherence to the prescribed cap, the circular said. |
![]() | Do well, get government business, banks toldHowever, the State level screening committee shall take a final decision based on the merits of the case and circumstances. |
![]() | DFS Secretary asks banks to soar up balance sheet; raise capital from marketThe enhanced capital would help banks expand their business and push credit growth in the productive sectors. |
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