Category: Banking

Want efficient banks? Go for more mergers, says RBI research

More consolidation in India’s struggling banking sector will help lenders lower costs and efficiently scale their operations, said researchers at the Reserve Bank of India. Labour cost efficiency, or output per employee, moderated across the sector between 2005-18, according to the recently-published paper. The authors added that state-owned banks fared better than private rivals on this metric

Centre asks CVC for clarity over supervision in privatised IDBI bank

The government has asked the Central Vigilance Commission if it still has vigilance jurisdiction on the now privatised IDBI BankNSE 0.23 %, and sought its advice on the course of action in case of ongoing complaints or investigations, a government official said. In January, the Reserve bank of India had classified IDBI Bank as a private sector lender

The 5 Hottest Technologies In Banking

OBSERVATIONS FROM THE FINTECH SNARK TANK In the movie All The President’s Men, Woodward and Bernstein (played by Redford and Hoffman) meet their informant in a parking garage and receive the following advice: “Follow the money.” If you want to know which technologies are hot in banking, you should do the same. Talk is Cheap For

RBI says no to IDBI Bank name change proposal

The Reserve Bank of India (RBI) has turned down IDBINSE -0.58 % Bank’s proposal to change its name following the transfer of controlling 51 per cent stake to insurance behemoth LIC from the government of India. The board of IDBI Bank had last month sought RBI’s approval for change in the name of the lender to either LIC IDBI

RBI not in favour of changing IDBI Bank’s name

The IDBI BankNSE -0.47 %’s proposal for changing its name has not found any favour from the Reserve Bank of India, sources said. The board of IDBI Bank last month proposed change in the name of the lender to either LICIDBI Bank or LIC Bank, following its takeover by Life Insurance Corporation. According to the sources, the RBI is

IDBI charts out plan to bring banking, insurance services at one platform

Additionally, a working group has been created to carry forward the initiatives identified for synergy and to effectively implement the decisions taken at the management level, the bank said. IDBI to bring banking, insurance services at one platform (Representational Image)  |  Photo Credit: BCCL New Delhi: IDBI Bank on Sunday said it is strategising to be a

China banking regulators tell banks to boost support for rural economies

BEIJING: China’s banking and insurance regulators have issued a notice to commercial banks to boost financial support for the country’s rural areas. In a notice issued on March 8, the ChinaBanking and Insurance Regulatory Commission told commercial banks to fulfill special lending targets, including those for achieving faster increases in loans to farmers and other businesses in rural areas.