RBI slaps fine on J&K Bank BoM and Axis Bank
Reserve Bank of India (RBI) slapped fines on the lenders for non-compliance on certain directions. Jammu and Kashmir Bank was
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Reserve Bank of India (RBI)
Retired RBI staff get higher pensions
Nearly 30,000 Reserve Bank of India (RBI) retired employees have received a 13.56% increase in pension after a gap of
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No chairman for six of 11 state-run banks for years
At a time when the Reserve Bank of India (RBI) has been underscoring the need for governance in commercial banks,
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RBI to bank boards: Replace management if required to ensure governance
Reserve Bank of India (RBI) deputy governor M Rajeshwar Rao has asked boards of banks to sack and replace the
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Bank boards must hold managements accountable
The boards of banks should hold the management accountable for its actions, and should replace it if it does not
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Wilful defaulters may get loans after 5 years of settlement
Banks will be allowed to extend loans to wilful borrowers and defaulters after five years of a compromise settlement and
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Capital adequacy ratio norms enforcement for UCBs advanced to FY23-end
In a surprise move, the Reserve Bank of India (RBI) advanced by a day the enforcement of capital adequacy and
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Can’t use penal charges to up revenue: RBI to lenders
Borrowers can expect more reasonable and transparent lending practices as the Reserve Bank of India (RBI) has issued new guidelines
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PSBs may seek pause on paying govt dividends
Public sector banks (PSBs) are considering asking the government to allow them to not pay it a dividend as they
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IBA considering 5-day work week for bank staff
The Indian Banks Association (IBA) is considering bank unions’ demand for a five-day work week but for which the total
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