Banking Reforms News - Latest Updates & Headlines
55.02 crore Jan-Dhan accounts opened; 36.63 crore in rural, semi-urban areas: Centre
New Delhi, March 18: A total of 55.02 crore Jan-Dhan accounts have been opened till March 7, out of which, 36.63 crore accounts are in rural and semi-urban areas, the government said on Tuesday.
Bank credit to priority sectors jumped 85 pc to Rs 42.7 lakh crore in last 6 years: FM Sitharaman
New Delhi, March 11: The overall credit disbursement by banks to priority sectors including agriculture, MSME and social infrastructure in 2019 was Rs 23,01,567 crore, which rose to Rs 42,73,161 crore in 2024, recording an increase of 85 per cent over the six-year period, Finance Minister Nirmala Sitharaman informed the Lok Sabha on Tuesday.
Recapitalisation, reforms have worked well for public sector banks: SBI Chairman
Mumbai, Feb 18: Recapitalisation and reforms in the last few years have really worked well for the public sector banks and balance sheets are cleaner now, State Bank of India (SBI) Chairman, C.S. Setty, said on Tuesday.
More RBI rate cuts on the cards, stance likely to change from neutral to accommodative
New Delhi, Feb 9: As the RBI embarks upon the rate cut cycle, it can be expected that more cuts are also on the cards, while the timing can be debatable, according to a Bank of Baroda note.
PSBs highest-ever net profit of rs 1.29 lakh crore recorded, marking 31.3 per cent growth
New Delhi, February 6: Public Sector Banks (PSBs) have recorded the combined net profit surged to an all-time high of Rs 1,29,426 crore during April-December 2024, registering a 31.3 per cent year-on-year (YoY) growth.
RBI may use CRR as a regulatory intervention tool rather than liquidity management tool: SBI Report
New Delhi, February 4: The Reserve Bank of India (RBI) may start using the Cash Reserve Ratio (CRR) more as a regulatory intervention tool rather than just a liquidity management tool in the future, according to a report by the State Bank of India (SBI).