Thursday, January 27, 2022

Indian Banks' Association

IBA to soon move application to RBI for setting up Rs 6,000-cr bad bank

Having secured licence from Registrar of Companies, Indian Banks' Association will move an application to RBI to set up Rs 6,000-cr National Asset Reconstruction Company Ltd or bad bank

IBA reaches out to govt for refund of compound interest waiver by banks

The RBI on March 27 last year announced a loan moratorium on payment of instalments of term loans falling due between March 1 and May 31, 2020, due to the pandemic.

Banking services may get affected due to strike: Canara Bank

Canara Bank said it is taking necessary steps for smooth functioning of bank branches and offices on the days of the proposed strike.

Link accounts with Aadhaar: Finance Minister to banks

Minister said the financial inclusion story is not over and banks still have inclusion to carry forward. There are many accounts which are not linked with Aadhaar

SC asks Centre, RBI to file Kamath panel suggestions on debt restructuring

The apex court's direction came after the Finance Ministry decided to grant relief to individual borrowers as well as medium and small industries by agreeing to waive compound interest.

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