Money & Banking

The Reserve Bank of India (RBI) has finally responded to customers being wrongly fleeced by banks and clarified that transactions that have failed due to technical reasons, or when there is no cash withdrawals at automated teller machine (ATM) cannot be counted as valid and bank cannot charge...
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It is now four years since the National Democratic Alliance government announced a package of reforms to make the public sector banks (PSBs) efficient and healthy.   After the Gyan Sangam, a conclave of top executives of the PSBs, the Reserve bank of India (RBI) officials and the...
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Risks in India's banking sector may rise as a result of the Reserve Bank of India (RBI)'s recent steps encouraging banks to lend more to non-bank financial institutions (NBFIs) and retail borrowers, says a report.   In the research note, Fitch Ratings says, "These initiatives are...
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Debt-ridden Adlabs Entertainment Ltd, promoted by Bollywood producer, director Manmohan Shetty, is apparently under the hammer of creditors. Lenders led by the Union Bank of India, have invited expression of interest (EOI) to recover more than Rs1,200 crore by selling the company properties....
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With every rate cut, the media tell you that your home loans and other loans have become cheaper. This, alert borrowers is, a lie. Banks do not reduce the rates in tune with policy rates. And this lie will continue, thanks to Reserve Bank of India’s (RBI's) policy of junking the...
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