Banks need to raise capital on anticipatory basis: RBI Governor Shaktikanta Das

"In such a situation, it has become a lot more important that the banks have to improve their governance, sharpen their risk management skills and banks have to raise capital on an anticipatory basis instead of waiting for a situation to arise. "Proactively, it is necessary for both public and private sector banks to build up adequate capital buffers," Das said at SBI's banking and economic conclave.

from Banking/Finance-Industry-Economic Times https://ift.tt/2ZkJbFK

Read more »

RBI Governor explains what banks should do to mitigate risks arising out of Covid-19

The economic impact of the pandemic - due to lock-down and anticipated post lock-down compression in economic growth - may result in higher non-performing assets and capital erosion of banks, he said.

from Banking & Finance – The Financial Express https://ift.tt/2W3WsRh

Read more »

Duplicate State Bank of India branch busted; son of ex-bank employee caught running fake division

A duplicate branch of State Bank of India, running for the past three months, was identified and closed down by the Tamil Nadu police yesterday and three people were arrested in the case.

from Banking & Finance – The Financial Express https://ift.tt/2BQiD6F

Read more »

TNGB on an aggressive growth path; reports ₹150 crore profit

Tamil Nadu Grama Bank (TNGB) clocked a net profit of ₹150 crore in its first year of operation.The Salem-headquartered bank is an amalgamated entity

from Business Line - Money & Banking https://ift.tt/2CmXXmw

Read more »

RBI is trying to find workable solution for PMC bank: Governor Shaktikanta Das

Scam-hit Punjab and Maharashtra Co-operative (PMC) Bank’s losses are very high, eroding deposits by more than 50 per cent, according to Governor Shak

from Business Line - Money & Banking https://ift.tt/2ZleZuu

Read more »