The Bill, now passed in Lok Sabha, proposes to modify Bankers’ Books Evidence Act, 1891—colonial-era law enacted when bank records existed almost entirely on paper ledgers.
Govt says reforms & stricter recovery measures have helped improve banks' asset quality. It clarified that NPA accounts were closed only after full recovery of dues or through compromise settlements.
Risk has not been eliminated. It has changed its form—shifting from balance-sheet strain due to non-performing loans to the operational challenges of managing vast, rapidly evolving digital flows.
Proposal to restart licensing is welcome, but Rs 300-crore minimum capital requirement could mean only handful of credit societies qualify, say sector executives
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
Among applicants to Tribhuvan Sahkari University's new MBA programme is 25-yr-old Sakshi Dhole from Maharashtra. Her dream is to help farmers boost productivity & improve livelihoods.
Using icons and speech, AI-enabled voice apps like Hello Ujjivan and Bhashini are building a new bridge to banking for India’s 18 crore low-literate citizens.
Narrowing of the wedge between credit and deposit growth, and the possible easing of the monetary policy, could weigh on the net interest margin of banks in 2025.
With Gen Z more likely to gamble online than visit casinos, operators are adding sports, spas, street food and social spaces to turn gaming venues into lifestyle destinations.
Maritime security agreement opens avenues for joint development of naval ships and design, greater use of Indian shipbuilding and repair facilities by Japan.
At some point Pakistani dictators begin to show paranoia. That’s the strategic reality most relevant to India since the late fifties. Munir’s case is worse, like some sudden acrophobia.
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