EPFO expands empanelled banking network, adds 15 more banks
[ad_1] The EPFO has expanded its empanelled banking network, adding 15 additional banks for collection of contribution which will allow direct access to employers having
Central banks at a crossroads
[ad_1] GDP growth is heading for a slowdown in several countries. Fiscal policy support has been inadequate globally as debt-GDP ratio remains high. Although inflation
Banks can’t rely only on RBI to bridge their liquidity deficit
[ad_1] Besides some key expected measures, the Monetary Policy 2025-26 on April 9, 2025, is expected to cut the repo rate by another 25 basis
RBI allows banks to charge customers up to ₹23/ transaction if ATM transactions exceed free limit
[ad_1] To increase the viability of the ATM business, the Reserve Bank of India (RBI) has increased the maximum amount a bank can charge its
RBI mandates banks to conduct special clearing operations on Monday
[ad_1] The RBI on Friday asked all banks to mandatorily participate in the special clearing operations on March 31 to facilitate accounting of all government
Issues concerning liquidity regulation in banks
[ad_1] Shortly after taking over as the RBI Governor, Sanjay Malhotra deferred the implementation of the proposed Liquidity Coverage Ratio (LCR) Framework from April 1,
Public sector banks’ dividend rises 33% to ₹27,830 crore in FY24
[ad_1] Dividend payout by public sector banks (PSBs) have risen by 33 per cent to ₹27,830 crore in FY24, indicating significant improvement in financial health
Ashutosh Khajuria appointed Additional Director on Dhanlaxmi Bank’s board
[ad_1] Dhanlaxmi Bank’s Board of Directors, at its meeting held on Saturday, have approved the appointment of Ashutosh Khajuria as Additional Director an (Non-Executive, Independent)
Deposit and credit growth pick up pace in banks
[ad_1] There has been a reversal in the flow of Bank deposits, which grew by a robust ₹2,29,244 crore in the latest fortnight ended March
Relaxing regulations on banks comes with risk
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