Bank fraud touches unprecedented Rs 71,500 crore in 2018-19: RBI

As many as 6,801 cases of fraud were reported by scheduled commercial banks and select financial institutions involving an amount of Rs 71,542.93 crore in the last fiscal. Illustration: Dominic......

2014-15 a year of financial sector reforms

Capital infusion, infra financing, FDI in insurance etc among the many noteworthy changes. The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting......

Govt splits CMD post, names chiefs for 4 PSU banks

The appointments will be for 3 years or till the date of superannuation, which ever is earlier. In a departure from the past, the government on Wednesday split the post of chairman and managing......

5 things that impacted the country's banking sector

The year 2014 saw loan growth coming down to 10.8 per cent compared to 14.9 per cent during the same period last year. The year 2014 was marked by slowing credit and deposit growth, amid further......