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Friday, June 21, 2024
TopicBanks

Topic: banks

Complaints to RBI ombudsman up 68% in FY23, banks biggest cause for customer grievances

Data shows large public sector banks received highest number of complaints in absolute terms, but fared better than several private banks when looked at on complaints-per-branch basis.

Do RBI’s rules go easy on wilful defaulters? What latest notification has to say

RBI has issued consolidated rules on wilful defaulters, dealing with their definition and treatment, including when the controversial compromise settlement process is involved.

Global economy, crypto regulation, digital public infra — economic issues that G20 leaders agreed on

G20 declaration acknowledges cascading economic crises that pose challenges to long-term growth. Suggests framework for development, deployment & governance of digital public infra.

Banks could fuel world’s net-zero progress. Here’s how

Banks should select the strategies that will position them to make the greatest emissions reductions while optimizing social implications.

Lack of regular income, societal norms make savings a challenge for women in UP, Bihar: US non-profit

Study by US-based not for profit, Women’s World Banking, finds that lack of regular income, no control over household money, & societal norms make savings a challenge for women.

Large Indian lenders reluctant to process direct rupee trade transactions with Russia

Months after the system was put in place by the RBI, bigger lenders with more exposure to the dollar are worried their businesses could be disrupted by sanctions from the US & Europe.

How Karza’s K:GST and K:ITR are making credit underwriting for SMEs simpler and faster

Karza Technologies is a part of Perfios Software Solutions and together they are the largest B2B SaaS provider for the BFSI fraternity.

Singed by farm protests, Modi govt holds up privatisation of 2 PSU banks until state polls

The government had listed the Banking Laws (Amendment) Bill, 2021 in the Winter Session of Parliament but it still awaits cabinet approval.

Controversial FRDI bill being ‘fine-tuned’, likely to make a comeback in 2022-23

Finance ministry in process of finalising certain provisions like the ‘bail-in’ clause, which had triggered uproar that forced the legislation to be withdrawn in 2018.

Nearly 7 lakh public sector bank employees begin 2-day nationwide strike

Bank unions said that services at over 1 lakh branches across India have been impacted. The strike is against the govt's move to privatise two public sector banks.

On Camera

PM’s 100-day agenda may have to jettison core issues for coalition partners

Matters of defence and foreign policy are important, but the new government must address widespread discontent in the country. This begins with investing in the rural sector.

PM’s economic advisor asks if India needs a new poverty line, says multidimensional index not enough

Bibek Debroy, chairman of Prime Minister’s Economic Advisory Council, also suggested that analysing inequality at the state level might provide a clearer picture of inequality, as a national estimate could be misleading.

China does a Galwan in South China Sea, Coast Guard carries spears and knives

Pictures had emerged of Chinese soldiers carrying rifles and iron rods with machete-like heads in the vicinity of India’s forward locations on the southern bank of Pangong Tso in 2020.

Sangh wants BJP to know it’s not dispensable. It’s a rap on the knuckles, nothing more

Occasional lovers’ tiffs have marked history of RSS-BJP relations. To think that Nagpur will bring about any change in leadership is a misreading of both its intent and its power.