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RBI Proposes Board of Management for UCBs

BE/RBI NOTE/22/2018 Urban Co-operative Banks form a major part of Indian Banking.  Reserve Bank of India has come out with a proposal, that Primary Urban Co-operative Banks (UCBs) should set up a Board of Management (BoM) in order to strengthen their Governance.  The RBI guidelines are: The BoM should have a minimum of three members

RBI Proposes Board of Management for UCBs

BE/RBI NOTE/22/2018 Urban Co-operative Banks form a major part of Indian Banking.  Reserve Bank of India has come out with a proposal, that Primary Urban Co-operative Banks (UCBs) should set up a Board of Management (BoM) in order to strengthen their Governance.  The RBI guidelines are: The BoM should have a minimum of three members

BANKS ADVISED BY RBI TO UPGRADE ATMS

BE/RBI NOTE/21/2018 Reserve Bank of India, the Central Bank has viewed the banks’ lethargic attitude in upgrading the ATMs very seriously.  RBI has now come out with strict timelines to upgrade the ATMs else face action. Details: The Timeline reads that banks should implement a series of security measures by August and thus ensure to

BANKS ADVISED BY RBI TO UPGRADE ATMS

BE/RBI NOTE/21/2018 Reserve Bank of India, the Central Bank has viewed the banks’ lethargic attitude in upgrading the ATMs very seriously.  RBI has now come out with strict timelines to upgrade the ATMs else face action. Details: The Timeline reads that banks should implement a series of security measures by August and thus ensure to

MODIFICATION OF LOAN SYSTEMS IN LARGE COMPANIES

BE/RBI NOTE/20/2018 The Reserve Bank of India on Monday came out with draft guidelines on Loan System for delivery of Bank Credit to improve discipline among larger borrowers who enjoy working capital facility from the entire banking system.  The salient features of the draft guidelines are: A minimum level of LOAN COMPONENT in fund based

MODIFICATION OF LOAN SYSTEMS IN LARGE COMPANIES

BE/RBI NOTE/20/2018 The Reserve Bank of India on Monday came out with draft guidelines on Loan System for delivery of Bank Credit to improve discipline among larger borrowers who enjoy working capital facility from the entire banking system.  The salient features of the draft guidelines are: A minimum level of LOAN COMPONENT in fund based

KEY RATES INCREASED BY RBI

BE/RBI NOTE/19/2018 The rate at which RBI lends to Banks is nothing but REPO rate which stands icnreased by 25 basis, as per decision taken in the Monetary Policy Committee meeting held in Mumbai yesterday.  More reports of the increase are as given below: RBI had raised the rates by 25 Basis Points to 8

KEY RATES INCREASED BY RBI

BE/RBI NOTE/19/2018 The rate at which RBI lends to Banks is nothing but REPO rate which stands icnreased by 25 basis, as per decision taken in the Monetary Policy Committee meeting held in Mumbai yesterday.  More reports of the increase are as given below: RBI had raised the rates by 25 Basis Points to 8

ALARMING NPAs OF BANKS

The FSR (Financial Stability Report) of RBI December 2017 points out the alarming figures of Bank NPAs.   The statistics reveals the figures as under: Gross Non Performing Advances (GNPA) ratio of scheduled commercial banks (SCBs) increased from 9.6% to 10.2% between March and September 2017. The GNPA grew by 18.5% on a year on year

ALARMING NPAs OF BANKS

The FSR (Financial Stability Report) of RBI December 2017 points out the alarming figures of Bank NPAs.   The statistics reveals the figures as under: Gross Non Performing Advances (GNPA) ratio of scheduled commercial banks (SCBs) increased from 9.6% to 10.2% between March and September 2017. The GNPA grew by 18.5% on a year on year