Page 2 - Banking Regulation Act

FM Sitharaman introduces bill that aims to prevent a PMC Bank-like crisis

The Banking Regulation (Amendment) Bill, 2020, which comes in the backdrop of PMC Bank scam, seeks to strengthen co-operative banks by increasing professionalism and ensuring sound banking through RBI

Chanda Kochhar termination: Bombay HC seeks RBI's reply before next hearing

Earlier, Kochhar had stated that ICICI Bank was under statutory obligation to obtain prior RBI approval to terminate her from service, and claimed that the bank did not seek any such approval.

What happens when a co-op bank comes under banking act?

The only conversion to date of an urban co-operative bank into a commercial bank is DCB Bank in 1996, which was however not a forced one

Co-op banks may come under banking act, forced conversion not ruled out

In the revised scheme, the inspection of the UCBs solely under the Banking Regulation Act will be done by the central bank

Co-operative banks are riskier, park only part of your money with them

The difference in interest rate between State Bank of India and PMC Bank's 5-year deposit is 100 basis points. Do not go for riskier options like co-operative bank only for the higher return

SC order raises questions on the way Banking Regulation Act empowered RBI

The amendment in the Banking Regulation Act empowered the Union govt to authorise the RBI to issue directions to banks for initiating proceedings in case of a default in loan repayment under the IBC

Govt changes banking regulations to authorise RBI for recovery of bad loans

The banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore

Banking Regulation Act: President likely to promulgate ordinance tomorrow

Ordinance to grant more power to RBI to tackle the NPA crisis

Cabinet clears ordinance to amend Banking Act to tackle NPAs

Arun Jaitley hinted at the measure but gave no details citing protocol