Money & Banking

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

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

Feb 01, 2022

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

Market expectation from Union Budget 2022

Jan 25, 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.

Prime Minister Narendra Modi (Photo: ANI)

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

Dec 12, 2021

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.

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

Dec 15, 2021

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

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

Dec 26, 2021

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

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

Dec 28, 2021

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

Budget 2022: Will bank privatisation see a fresh push?

Budget 2022: Bank privatisation may get a fresh push 

Jan 21, 2022

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.

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

Jan 18, 2022

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.

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

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

Dec 12, 2021

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