Bank Rate
6.25%
CRR
4.00%
SLR
19.50%
Repo Rate
6.00%
Reverse Repo Rate
5.75%
MSF Rate
6.25%
 

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March 2018

February 2018

January 2018

SBI puts up Rs 787 cr of NPA accounts on sale
2018-03-10

State Bank of India (SBI) on Friday put on sale two non-performing assets (NPAs) worth Rs 787 crore and sought bids from asset reconstruction companies (ARCs) on a cash basis, or through a mix of cash and security receipts (SRs), according to a sale document.

Please Refer - http://www.financialexpress.com/industry/banking-finance/sbi-puts-up-rs-787-cr-of-npa-accounts-on-sale/1093441/

Wilful defaulters rise 1.7% till December, owe Rs 1.10 lakh crore to PSBs
2018-03-09

The number of wilful defaulters, who did not repay loans to public sector banks (PSBs) despite the capacity to do so, rose by 1.66 per cent to 9,063 in the April-December period of the current fiscal, government said today.

Please Refer - http://www.financialexpress.com/industry/banking-finance/wilful-defaulters-rise-1-7-till-december-owe-rs-1-10-lakh-crore-to-psbs/1092888/

RBI slaps Rs 5 crore fine on Airtel Payments Bank over KYC norms
2018-03-09

The Reserve Bank of India (RBI) has slapped Sunil Mittal's Airtel Payments Bank with a fine of Rs 5 crore for breaching Know Your Customer (KYC) norms.

Please Refer - http://www.financialexpress.com/industry/banking-finance/rbi-slaps-rs-5-crore-fine-on-sunil-mittals-airtel-payments-bank-over-kyc-norms/1093103/

Over dozen PSBs to get Rs 46K cr capital infusion this month
2018-03-08

Over a dozen public sector banks (PSBs) will get Rs 46,101 crore as part of capital infusion in the current fiscal ending this month to allot shares to the government in lieu of equity capital.

Please Refer - http://www.financialexpress.com/industry/banking-finance/over-dozen-psbs-to-get-rs-46k-cr-capital-infusion-this-month/1092086/

RBI imposes Rs 10L fine on Equitas SFB for selling products without approval
2018-03-08

Reserve Bank has imposed Rs 10 lakh fine on Equitas Small Finance Bank (SFB) as the company was selling mutual fund, pension and insurance products without taking approval from the regulator.

Please Refer - https://economictimes.indiatimes.com/industry/banking/finance/rbi-imposes-rs-10l-fine-on-equitas-sfb-for-selling-products-without-approval/articleshow/63221349.cms

PNB may be given 1 year to provision against Rs 12,646 cr fraud
2018-03-08

The Reserve Bank may provide four quarters to Punjab National Bank (PNB) for making provisions against the country's biggest ever banking fraud of Rs 12,646 crore allegedly masterminded by billionaire diamantaire Nirav Modi.

Please Refer - http://www.financialexpress.com/industry/banking-finance/pnb-may-be-given-1-year-to-provision-against-rs-12646-cr-fraud/1092073/

The ET announces the first edition of NBFC & MFI Summit 2018
2018-03-07

Owing to the growing significance of Non-Banking Financial Companies (NBFCs) & Micro-Finance Institutions (MFIs) in the country, The Economic Times is set to host the first edition of NBFC & MFI Summit on 8th March 2018. This day-long conference will have an eclectic mix of speakers highlighting the overall success of the industry through case studies; discuss the challenges through panel discussions and exploring ways in which technology is changing the face of this indu ..

Please Refer - https://economictimes.indiatimes.com/industry/banking/finance/the-announces-the-first-edition-of-nbfc-mfi-summit-2018/articleshow/63197870.cms

Now, Canara Bank alleges Rs 500 cr fraud by Chirag computer makers, PNB also has an exposure
2018-03-01

After the alleged PNB fraud case, Canara Bank has alleged that the directors of Chirag Computers bypassed a consortium of 10 banks including the Punjab National Bank and State Bank of India, by forging documents and displaying inflated funds.

Please Refer - http://www.financialexpress.com/industry/banking-finance/now-canara-bank-alleges-rs-500-cr-fraud-by-chirag-computer-makers-pnb-also-has-an-exposure/1084218/

 


       

 





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