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Banking reforms News

Bank strike on Feb 28

28 Feb 2017

Banking operations affected pan-India due to strike

In the first major organised protest against the government`s "anti-people banking reforms", 10 lakh bank employees and officials staged a strike on Tuesday, bringing banking operations across the country to a halt.

Reserve Bank of India

11 Sep 2016

New lending norms may nudge banks towards retail loans: SBI

Stringent RBI norms proposed for corporate lending are expected to nudge banks towards consumer loans, SBI Chairperson Arundhati Bhattacharya has said while reiterating that there is no bubble in the retail segment.

21 Aug 2016

RBI Guv need not be a "rock star" to be successful: Fitch

RBI Governor need not have a rock star status to be successful and India's ratings would depend on its policies and not any specific personality, Fitch Ratings today said.

Banking operations

29 Jul 2016

Bank strike hits operations; branches open full day tomorrow

Services at around 80,000 bank branches in the country were hit Friday as employees of public sector banks went on a one-day strike to protest proposed merger of SBI associates with the parent and other issues.

30 Jul 2016

Know why PSU bank employees went on strike on Friday

Know why PSU bank employees went on strike on Friday

14 Feb 2016

Govt to bring in more banking reforms soon: Arun Jaitley

Hinting at major banking sector reforms in the offing, Finance Minister Arun Jaitley Sunday said the country is not at a stage where the government can completely exit its holding in the 27 public sector banks.

Technology in Indian banks

20 Oct 2015

Technology will soon turn banking premise-less, paper-less: PM Modi

Banking transactions in India in the near future will be smooth "paperless and premise-less'' transactions in the country, Prime Minister Narendra Modi said in a bank's function.

19 Oct 2015

Have initiated reforms to improve banking sector: PM Modi

The Prime Minister said the entire banking sector is undergoing major transformation with the advent of latest technology.

18 Oct 2015

Consolidation can create only big weaker PSBs now: Nayak

Former chairman of Axis Bank P J Nayak, who headed a government panel on banking reforms, has criticised government's move to consolidate state-run banks which are facing serious asset quality issues, saying it will only lead to bigger weaker banks.

State Bank of India

18 Sep 2015

Stressed assets likely to come down: SBI

Country's biggest lender State Bank of India (SBI) on Friday said stressed assets in the system are likely to see a decline due to reforms in power distribution companies and pick up in rural power demand.

24 Dec 2014

PM to brainstorm with bankers on PSB reforms on Jan 3

Prime Minister Narendra Modi will hold discussions with bankers on January 3 at Pune to draw an "action plan" for reforms in the public sector banks (PSBs).

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