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  Indo-Pak tensions: Nirmala Sitharaman holds high level-meet with banking officials, reviews sector's

  Business | May 10, 2025 0:27 IST

  Finance Minister Nirmala Sitharaman on Friday held a high-level meeting with the heads of public and private sector banks, insurance firms, and senior government officials to assess the financial sector's readiness amid heightened border tensions.

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  India should take pride in banking sector as banks are not dependent on govt funding: FM Sitharaman

  Business | December 03, 2024 18:52 IST

  FM Nirmala Sitharaman in Lok Sabha said the public sector banks are profitable as the total profit was Rs 85,520 crore in first half of current fiscal.

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  Banking Law (Amendment) Bill 2024: What impact will it have on nominations in your bank account?

  Explainers | December 02, 2024 18:56 IST

  The Banking Law (Amendment) Bill 2024 aims to streamline banking operations and align them with contemporary financial practices, reflecting the government’s commitment to improve bank governance and enhance investors' protection.

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  Sensex drops 131 points to settle at 82,948, Nifty declines 41 points to 25,377

  Business | September 18, 2024 16:40 IST

  The market faced broad-based selling pressure across sectors, with financial, IT, and energy stocks among the top laggards. However, select FMCG and pharmaceutical stocks showed resilience, offering some support to the market.

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  Market closes at record highs: Sensex gains 443 points, Nifty nears 24,150

  Business | July 01, 2024 16:46 IST

  The Sensex surged by 443 points, closing at a new all-time high of 79,476.19, while the Nifty climbed 131.35 points to 24,141.95, both reaching fresh lifetime highs on Monday. Key contributors to the rally included Tech Mahindra, UltraTech Cement, Bajaj Finance, and Infosys.

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  India's banking sector net profit crosses Rs 3 lakh cr for first time, PM Modi reacts

  Business | May 20, 2024 17:26 IST

  Prime Minister Narendra Modi said that the improvement in the health of banks will help improve credit availability to our poor, farmers and MSMEs.

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  PM Modi at RBI event pitches for studying newer banking structure to fund future needs

  Business | April 01, 2024 14:23 IST

  PM Narendra Modi attended the inauguration event for the commemoration of 90 years of the RBI in Mumbai on Monday and pitched the idea for studying a newer banking structure to fund future needs of the country.

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  India's banking sector becomes medium of good governance: PM Modi at DBUs launch

  India | October 16, 2022 14:01 IST

  Digital Banking Units: PM Modi said the central government has worked on two fronts simultaneously- first, improving the banking system, strengthening it and bringing transparency; and secondly, financial inclusion.

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  India's banking sector needs to grow for becoming $5 trillion economy: CEA

  Business | August 24, 2020 8:35 IST

  The government's Chief Economic Adviser K.V. Subramanian on Sunday said that India's banking system is proportionately smaller than the size of the economy and it needs to grow for the country to become a $5 trillion economy.

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  Attention Bank Customers! These banking services rules have changed from today. Details

  Business | July 01, 2020 12:17 IST

  Banking Services Rules Changes: In order to give people some relief due to COVID-19 pandemic, the government had relaxed some rules of financial services like transaction charges after exhausting free cash withdrawal limit on ATM, minimum account balance. The new banking services rules have set in from today.

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  Banking sector: FM introduces mega reforms with capital push

  Business | February 01, 2020 16:56 IST

  Finance Minister Nirmala Sitharaman on Saturday unveiled several reforms across the banking sector, financial markets and infrastructure financing. 

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  Niti Aayog VC pitches for governance reforms in banking sector

  Business | October 04, 2019 18:12 IST

  Niti Aayog Vice Chairman Rajiv Kumar on Friday called for further reforms in banking sector after the recent recapitalisation and mergers, saying banks need autonomy and work at arm's length from the government.

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  Banking sector on 'course to recovery' as high-level NPAs recede: RBI Guv

  Business | December 31, 2018 17:47 IST

  In the report, Governor Das said that despite high costs, the recognition of NPAs has improved the operational risk assessment by state-run lenders.

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  Digital assistants, social media to be key for banking sector by 2022, says report

  Business | November 07, 2018 17:02 IST

  "After existing digital channels (mobile and online), digital assistants, social media and third party channels are expected to be the primary channels for banking by 2022," as per the 10th annual 'Innovation in Retail Banking' report.

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  Banking sector lost Rs 18,170 crores to frauds in FY 2017-18: Report

  Business | March 29, 2018 20:45 IST

  Noting that the average fraud size in country’s banking sector is high, IiAS said there is an urgent need to revisit and strengthen internal financial controls for these financial institutions.

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  Increased private participation needed in banking: Arvind Subramaniam

  Business | February 17, 2018 21:23 IST

  Subramaniam said recognition is identifying stressed assets to avoid non-performing assets and resolution means to go through the bankruptcy code.

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  Modi government working on plan to rebuild capacity of banking sector: Arun Jaitley

  Business | October 12, 2017 11:51 IST

  Finance Minister Arun Jaitley has said the Indian government is working on a plan to rebuild the capacity of the banking sector.

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  10 lakh bankers to go on strike on July 29: AIBEA

  July 13, 2016 18:38 IST

  Chennai: The United Forum of Bank Unions (UFBU) has called a one-day strike on 29 July to oppose against the banking reform policies of the central government. Around 10 lakh bankers across the country are

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  Moody's ups Indian banking sector outlook to stable

  November 02, 2015 21:39 IST

  Mumbai: Moody's Investors Service today upgraded its outlook for the country's banking system to 'stable' from 'negative' on the expectation of reduction in pace of accretion of bad loans over the next few years helped

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  Have initiated reforms to improve banking sector: PM Modi

  October 19, 2015 20:23 IST

  New Delhi: Prime Minister Narendra Modi today said the government has initiated a series of banking reforms including re-capitalisation of PSU banks, change in rules for hiring top management and paper-less transactions to curb the