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Posts tagged Banking
Two major bank failures, severe trust deficit among banks and customers, falling interest rates, mammoth merger of PSBs and arrival of a killer pandemic – these events characterise the banking sector’s performance in the first year of Modi government’s second term. When Modi government resumed its second term...
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May 29, 2020 Loknath Das
Banking
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Unions claimed that about 10 lakh staff and officers of public sector banks and some private sector banks are participating in strike. Services of public sector banks were impacted on Saturday as nation-wide strike by employee unions entered its second day. The strike call has been given by...
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February 1, 2020 Loknath Das
Banking
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Indian and foreign banks should exploit Islamic banking’s untapped potential to ensure the financial inclusion of “unbanked” populations excluded by the existing financial system, several experts have said. Islamic banking is a finance system based on the principles of not charging interest, which is prohibited under Islam. “Research shows...
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November 3, 2019 Loknath Das
Banking
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Banking services are likely to be hit on Tuesday (October 22) as two bank unions have called for a 24-hour strike . The strike is called by All India Bank Employees’ Association (AIBEA) and the Bank Employees Federation of India (BEFI). The unions are protesting against recent bank mergers, falling deposit...
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October 22, 2019 Loknath Das
Banking
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India’s fragile financial system is swinging between despair and hope. Two separate incidents, both featuring YES Bank, recently underscored the drag of past underwriting follies as well as the lift from a digital reset. It will take time, but good things will come to Indian banking as a...
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September 22, 2019 Loknath Das
Banking
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AS Ramasastri, Director, IDRBT – Nagara Gopal@The Hindu The Institute for Development and Research in Banking Technology upbeat on partnering fintech start-ups The Institute for Development and Research in Banking Technology (IDRBT), an arm of the Reserve Bank of India, is developing a model blockchain platform to cater...
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June 29, 2019 Loknath Das
Banking
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