Central Bank gets RBI nod to enter insurance biz
Central Bank of India said it has got approval from the Reserve Bank to enter the insurance business through a
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Banking News
Bank rates must be ‘far more affordable’: Finance Minister
Finance minister Nirmala Sitharaman called for bank interest rates to be “far more affordable”, arguing that several people found the
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To push jobs, govt banks, on small-scale industries
Small was big for FM Sitharaman as she announced a series of measures to help micro, small and medium enterprises
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Up to 4 nominees for bank accounts proposed as part of banking law tweaks
A bill seeking to improve governance standards in banks, allowing nominations of up to four persons by an account holder
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Banks hiring more officers, fewer clerks and sub-staff
India’s banking sector continues to be labour intensive but digital technologies are changing the composition of the workforce, more so
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Govt nod to Setty as SBI Chairman
Challa Sreenivasulu Setty was appointed as the chairman of the State Bank of India. His tenure will be due to
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Fixed deposit losing appeal from young investors
Finance minister Nirmala Sitharaman nudged state-run banks to step up deposit mobilisation and conduct special drives so that it can
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PSU bank deputy manager held for siphoning off fund
A deputy manager of a leading PSU bank was among two people detained for siphoning off Rs 26 lakh from
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Exim Bank in pact with Guyana for $2.4m credit line
The Export Import Bank of India has entered into an agreement with the government of Guyana to provide a line
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Rural Banks shift focus to product diversification
After consolidating capital adequacy, improving profitability and asset quality, regional rural banks (RRBs) will now focus on diversification of lending
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