Banks are comparable to the central nervous system of people’s professional and economic life. Some of the most important products offered by the banks in India are savings and current accounts, loans, multifarious financial transactions, payments processing, safety lockers, disbursal of government funding and several others. Keeping track of bank holidays has become more important…
Mumbai, RBI Governor Shaktikanta Das on Monday said the central bank is “not comfortable” with the gross non-performing assets ratio of 8.7 per cent in urban cooperative banks (UCBs) and asked them to work towards improving the same. Addressing directors of UCBs in the financial capital at an RBI-organised conference, Das urged that such lenders…
Mumbai, Reserve Bank Governor Shaktikanta Das on Monday said the central bank has noticed “excessive dominance” by one or two board members even in “big commercial banks” and asked the lenders to desist from such practices. Board discussions have to be free, fair and democratic, Das said, addressing directors of Urban Cooperative Banks (UCBs) at…
