The pleas pertained to charging of interest on interest by banks on EMIs which have not been paid by borrowers after availing the loan moratorium scheme of RBI during March 1 to August 31

The IBA co-ordination committee had been holding regular feedback meetings with the Kamath committee members in light of the pandemic proceedings, and had unanimously expressed their desire to extend timelines.

Unwanted jets have become an emblem of pandemic-induced problems in the aerospace industry that have come on top of a chill in ties between two of its major players

Current hike in salaries would lead to an increase of about Rs 7,898 crore in wage bill of banking industry. Memorandum regarding hike in salaries was signed between banks and several banking unions over three months back in July

IBA is an association of banks, financial institutions and others that deals with resolving generic and industry level issues of its members

In the hearing conducted through video conferencing, the top court took note of the grievances that various sectors such as real estate have been left out under the new proposal by the Centre

Minister of State for Finance Anurag Thakur told Lok Sabha in a written reply last week that the printing of banknotes is done by the government in consultation with the RBI

Financial services would be made available from October. Bank customers would be able to avail these services at nominal charges

In his book, Patel is also critical of Mudra loans where government has set targets in the past for banks to give collateral-free loans up to Rs 10 lakh. Currently, the NPAs in the Mudra loans are one of the highest, even reaching 20 per cent-plus level for some PSBs

Under the agreement reached on Wednesday, Performance Linked Incentive (PLI) will also be introduced for public sector bank staff and it will be based on operating or net profit of individual banks concerned

He said that government has taken steps to make direct bank transfers, a lot of emphasis on helping the MSMEs and announced reforms in the areas of agriculture, defence and mining for creating a favourable investment climate

Changes in RBI mandate, new infra financing models and rules for new-age banks can rev up the banking engines

Grappling with lockdown challenges, the smaller firms want the government to speed up payments of dues owed by public sector enterprises (PSEs)

The banks have proposed that the government set up an asset reconstruction company (ARC) to initially buy non-performing loans worth up to a total of 1 trillion rupees ($13.3 billion)

A bank may, over the years, accumulate a large portfolio of debts or other financial instruments which unexpectedly increase in risk, making it difficult for it to raise capital

With the customers grounded, airlines are rushing to turn passenger planes into temporary cargo carriers, instead of lavishing on advertising on business travellers and tourists

\"I welcome the RBI's announcement of a Rs 50,000 crore special liquidity facility for Mutual Funds. I am glad that RBI has taken note of the concerns expressed two days ago and requesting prompt action,\" Chidambaram tweeted

Coronavirus impact: Franklin Templeton's decision to close six funds comes as liquidity dries up in the Indian financial system. Chidambaram said that the closure of the funds was of grave concern

Reserve Bank of India may revisit old corporate debt restructuring schemes as current regulatory framework of dealing with stressed assets would only accelerate bankruptcies

Last week, SBI chairman Rajnish Kumar had said banks through IBA will request for raising the loan moratorium period from the existing three months to may be 5-6 months depending on evolving situation