Lack of real-time data responsible for crisis in shadow banking sector: Economic Affairs Secretary

The NBFC sector is going through a crisis, particularly related to liquidity, following the liquidity crisis in NBFC major IL&FS since August last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Qq3wC1

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Bank services to be hit as employees’ unions call for two-day strike

The All India Bank Employees Association (AIBEA) and Bank Employees Federation of India has informed the Indian Banks' Association (IBA) of the two-day nationwide strike on January 8-9, 2019.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2R8zesT

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Vijay Mallya in trouble: Ex-Kingfisher boss declared ‘fugitive economic offender’

In a major setback for embattled businessman Vijay Mallya, he has been declared ‘fugitive economic offender’.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Tsz2kE

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Government amalgamates three regional rural banks

The government has amalgamated three Regional Rural Banks -- Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank -- into a single RRB with effect from January 1.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2SCHj5z

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Lack of real-time data responsible for crisis in shadow banking sector: Economic Affairs Secretary

The NBFC sector is going through a crisis, particularly related to liquidity, following the liquidity crisis in NBFC major IL&FS since August last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Qq3wC1

Read more »