Now, the ‘star currency’ of the demonetisation event – the Rs 2000 note is about to be phased
Category: Banking
PSBs demand relaxation of resolution norms

In the critical first meeting with the newly appointed RBI Governor, PSBs managers demanded relaxation of the RBI’s
NCLT transfers IL&FS to a government board

The National Company Law Tribunal has transferred the management of the debt-ridden NBFC- the Infrastructure Leasing & Financial
Government launches consolidation of nationalized banks

The Government proposed amalgamation of three nationalized banks to form the third largest bank in the country. As
India’s corporate resolution process enters a tensed phase

With the end of RBI’s time line of 180 days for the resolution of 12 largest stressed accounts,
FRDI’s early death: How India missed a Volcker

When Paul Volcker walked into the rubbles of the United States’ financial sector at the middle of the
RBI toughens Resolution norms for stressed assets

The Reserve Bank of India (RBI) has brought a new Resolution time table for stressed assets under which
RBI warns banks to address big NPAs or to face action on insolvency procedures

The Reserve Bank of India has warned banks to address big NPAs or face procedures under the new
SBI grows big, but should change more internally

The merger of five state bank associates with the SBI has made the latter as the only state
BHIM app gets record 17 mn installations

The ace digital payment app- Bharat Interface for Money has seen a record 17 million installations so far