Banking Reforms for Viksit Bharat: ICRA Calls for Ownership, Voting Rights Revamp
ICRA says Banking for Viksit Bharat committee must address promoter ownership, voting rights to boost private investment. Analysis of PFC-REC merger.
Get latest Bank news updates covering banking sector, policies, interest rates, and financial services. Stay informed about banking developments, digital payments, and industry trends. Comprehensive coverage of banking sector. Your trusted source for Bank News.
ICRA says Banking for Viksit Bharat committee must address promoter ownership, voting rights to boost private investment. Analysis of PFC-REC merger.
DIPAM Secretary confirms IDBI Bank disinvestment is in the bidding phase, with more clarity expected before the end of FY27.
Regional Rural Banks see business cross Rs 12 lakh crore with net profit rising to Rs 7,720 crore, driven by strong financial performance.
28 Regional Rural Banks surpass ₹12 lakh crore in total business with growing profits and declining NPAs, driving financial inclusion across India.
Budget 2026 may introduce a Banking Governance Bill to empower PSU banks, raise FDI limits, and improve professionalism for big projects.
Economic Survey reveals India's banking NPAs at multi-decade lows, recovery rates doubled since FY18, and strong capital buffers ensuring stability.
CRIF report shows PSU banks hold 60% of gold loan value, while NBFCs lead in borrower accounts. Market splits between high-value and high-volume lending.
Indian banks forecast 10-12% credit growth over 5 years, driven by retail & MSME sectors, with asset quality improving to 2.2% GNPA.
Banking services disrupted across India as employees strike, demanding immediate implementation of a five-day work week. Protests reported from multiple states.
Bank unions held a one-day nationwide strike demanding a five-day workweek. While branches closed, ATMs & digital services ran. Leaders explain the long-pending issue.
Public sector bank strike on Tuesday disrupts services over 5-day work week demand. SBI, PNB affected; private banks, digital services normal.
Public sector bank strike on Jan 27 may disrupt cash, cheque services for SBI, PNB, BoB customers. ATMs could be affected. Digital banking to continue.
Major bank unions announce a nationwide strike on January 27, 2025, demanding government approval for a five-day work week in the banking sector.
RBI to inject liquidity via Rs 25,000 crore VRR, $10 billion forex swap, and Rs 1 lakh crore OMO purchases in early 2026 to manage conditions.
RBI announces liquidity measures including OMO purchases, forex swaps, and VRR operations totalling over ₹2 lakh crore to ease banking system pressure.
Central govt approves 12-20% wage hikes & pension revisions for employees & retirees of PSGICs, NABARD, and RBI, benefiting over 93,000 people.
Bank of India reports 7.47% YoY rise in Q3 FY26 net profit to ₹2,705 crore, driven by improved asset quality with gross NPA ratio falling to 2.26%.
SBI Chairman Challa Sreenivasulu Setty details the bank's focus on AI adoption and cybersecurity resilience at the World Economic Forum in Davos.
SBI Chairman CS Setty highlights focus on AI, digital security, and sustainable finance at Davos, discusses robust credit growth and digital shift.
Motilal Oswal report forecasts a 16% earnings CAGR for banks from FY26-28, driven by stable margins, improved asset quality, and loan growth recovery.