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union budget 2022

money & banking

Money & Banking

Moreover, elevated crude oil prices and firm American currency weighed on investor sentiments.

Updated : Feb 1, 2022

Budget 2022: Rupee reverses gains, trades 22 paise lower at 74.87 post speech

Investors were cautious after Finance Minister Nirmala Sitharaman on Tuesday said that the fiscal deficit in 2021-22 will be 6.9 per cent of GDP and 6.4 per cent in 2022-23, forex traders said

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Updated : Jan 25, 2022

Market expectation from Union Budget 2022

We catch up with the veterans of the market to understand how the govt needs to facilitate the investment cycle by managing fiscal policies along with the Central bank's monetary policy. Watch as #BusinessTodayTV's Global Biz Editor, #UdayanMukherjee decodes this with Rashesh Shah, Debashish Basu & Nilesh Shah.

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Updated : Jan 25, 2022

Will the banking sector get a booster shot in Budget 2022-23?

The last two years have been a roller coaster ride for many industries including the banking industry which is considered as backbone of any economy. Right ahead of the Budget 2022-23, the sector is looking forward to enhanced spending on infrastructure, speedy implementation of projects, improved access to banking system, and much more to get on a sustained path of recovery. Sakshi Batra gets you what's on top of the wishlist.

Prime Minister Narendra Modi (Photo: ANI)

Updated : Jan 22, 2022

Deposit insurance reforms to instil confidence in people on banking sector, says PM Modi

Parliament in August passed the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021, ensuring that account holders get up to Rs 5 lakh within 90 days of the RBI imposing a moratorium on the banks.

Overall, 3,14,270 cases of banking frauds were reported during FY08 to FY21, involving Rs 5.31 lakh crore.

Updated : Jan 22, 2022

India saw 229 banking frauds per day in FY21, less than 1% amount recovered

India saw 83,638 cases of banking frauds in FY21, involving Rs 1.38 lakh crore. Of this, only Rs 1,031.31 crore has been recovered so far.

Many government functionaries have compared the new PSE policy akin to the landmark reforms carried out since 1991

Updated : Jan 22, 2022

Banking sector to see major reforms in 2022; privatisation, IDBI Bank disinvestment on agenda

Going by the numbers, the banking sector has done reasonably well in 2021, notwithstanding the impact of the second wave of the pandemic.

Banking frauds: 4,071 cases involving ₹36,342 cr reported in H1 FY22, shows RBI report

Updated : Jan 22, 2022

Banking frauds: 4,071 cases involving ₹36,342 cr reported in H1 FY22, shows RBI report

In value terms, the share of PSBs was higher, indicating predominance of high value frauds.

Budget 2022: Will bank privatisation see a fresh push?

Updated : Jan 21, 2022

Budget 2022: Bank privatisation may get a fresh push

A government official told Business Today TV that the Finance Ministry has been working closely with the Reserve Bank of India to reduce sovereign shareholding in PSBs.

Finance Minister Nirmala Sitharaman is expected to present the fourth budget of the Modi 2.0 government on February 1

Updated : Jan 17, 2022

Govt may not announce capital infusion for PSU banks in Budget 2022-23

To augment their resources, banks would be encouraged to raise funds from the market and also by selling their non-core assets.