The Reserve Bank of India on Friday announced it has decided to make the National Electronic Funds Transfer (NEFT) system available on a round-the-clock basis from December 16.
The facility is used to electronically transfer funds from one account to another of banks which are...
An RBI Working Group (WG) on Core Investment Companies (CICs) has recommended corporate groups having specilised non-banking financial companies (NBFCs) to also establish a "Group Risk Management Committee".
According to the RBI's WG formed to "review regulatory and supervisory...
Ujjivan Small Finance Bank (USFB), the subsidiary of listed holding company Ujjivan Financial Services Ltd, is going public. While going through the draft prospectus, we came across some interesting points. Under risk factors, USFB admits that during the recent inspection conducted between...
Over the years, we have seen our fragile and broken banking system being repeatedly bailed out with taxpayers’ money. There are suggestions that Punjab and Maharashtra Cooperative Bank (PMC Bank) should be bailed out by a government bank. The discovery of fraud in PMC Bank is not the first...
An internal working group (IWG) of the Reserve Bank of India on agricultural credit has recommended the Central and state governments to avoid farm loan waivers.
According to the report of the 'Internal Working Group to Review Agricultural Credit', Central and state governments...
