Indian Banking system News

The Reserve Bank of India (RBI) has assured the general public that the Indian banking system is safe and stable and there is no need for panic based on rumours. 

In the wake of strikes and holidays, the banks will remain closed from next Friday to Wednesday, except Monday and the banking services could adversely be affected on these days.

RBI Governor Urijit Patel has said that he will do everything possible to clean the scam-hit Indian banking system.

FM Jaitley said that the Indian political opinion may not find favour with this idea itself as it's a very challenging decision.

One of the major reasons why our parents and many in our generation would like to have this investment pool, is because of it's safety features.

Despite downplay of rasomware WannaCry`s impact by the Centre; IT experts have cautioned users that the number of effected organizations is expectedly to rise rapidly.

Out of 16 banking systems in the Asia-Pacific for which Moody's has an outlook in place, 13 have stable and three have negative.

Kotak also said that one of the biggest challenges today was the history of excessive leverage by India Inc.

The Reserve Bank on Thursday issued a framework for leverage ratio in line with Basel III norms to enable banks to strengthen risk management system and avert any possible crisis.

The Indian banking system faces a possible contagion risk in case of trouble at one bank given the inter-connectedness between some lenders, the Reserve Bank said Monday.

Private sector banks had gross NPAs of Rs 22,738 crore as of March 31, 2014.