Banks Archives

SRO is expected to adhere to a set of overarching objectives for betterment of the sector they represent

Banking

RBI lays framework for recognizing self-regulatory organizations

PGurus Newsdesk - March 22, 2024 0

RBI issues omnibus framework for recognizing self-regulatory organizations for banks, NBFCs, fintechs The Reserve Bank of India (RBI) has issued new rules for recognizing self-regulatory...

The major challenge for the rally comes from the US market which is showing signs of weakness

Markets

Sensex down more than 500 points

PGurus Newsdesk - January 8, 2024 0

BSE Sensex was trading down 580 points at 71,444 points On Monday, the BSE Sensex was down more than 500 points in afternoon trade due...

Shaktikanta Das said that many lenders were depending too much on the algorithms to make their decisions and there was a need to analyze data more carefully before making investment decisions

Banking

RBI Governor expresses concern over high dependence of NBFCs on bank...

PGurus Newsdesk - November 22, 2023 0

The prospects are at a new high in the country and this is the time to make it India’s moment, says RBI Governor Addressing the...

The timeline and place of return of original movable or immovable property documents will be mentioned in the loan sanction letters issued on or after the effective date

Banking

RBI directs banks to return property papers within 30 days of...

PGurus Newsdesk - September 13, 2023 0

RBI introduces guidelines for timely release of property papers to borrowers after loan repayment Reserve Bank of India (RBI) has issued guidelines for banks related...

In case of loss of property documents, the bank will be obligated to assist in obtaining certified registered copies of documents at their cost but also compensate the customer adequately

Banking

RBI may slap penalties on banks that lose property papers of...

PGurus Newsdesk - June 11, 2023 0

RBI panel suggests penalty for home loan providers on loss of borrowers' documents If the Reserve Bank of India (RBI) accepts the recommendations of a...

The government has amended rules under the anti-money law, making it mandatory for banks and financial institutions to record financial transactions of politically exposed persons (PEP)

Laws

Centre amends anti-money laundering rules; brings politically exposed persons under the...

PGurus Newsdesk - March 11, 2023 0

Centre amends rules under anti-money law, tight grips over NGOs funding Centre has amended rules under the anti-money law, making it mandatory for banks and...

Opinion

Banks, Bribes and Companies – How NPAs are created

Team PGurus - November 18, 2019 2

The promoter wins the lottery of project approval by bribing all concerned in the government. That is, he gets the license/approval to set up...

Cartoon

Mr. Chidambaram are you forgetting your promise?

Sahil Mishra - May 13, 2018 9

An explainer to the panel discussion on NPAs on NewsX today

Banking

How do NPAs become monsters?

Sree Iyer - April 13, 2018 4

NewsX channel put out a wonderful expose on Non-Performing Assets (NPAs), after investigating several companies that have become NPAs. Over a period of 50...