The extent of the payments that are stalled is not clear at the moment and the regulator is trying to assess it
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The Reserve Bank of India has imposed a penalty on three cooperative banks, including Nagrik Sahakari Bank Maryadit, Raipur, Chhattisgarh, for deficiencies in regulatory compliances
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The bank has already sought Sebi nod for a scheme of amalgamation to achieve the Minimum Public Shareholding (MPS)
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The aim of bank nationalisation was to include the poor in the banking system so that they could avail of their advantages, but the amalgamation has negated that purpose, he claimed
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In addition, the bank said Rukmani Social Welfare Trust has disposed of 2 lakh equity shares to support social activities
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The minister also made it clear that banks do not have to be lenient on credit underwriting standards by taking any adverse risks on a proposal
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Yes Bank has launched a programme for digital financing solutions in the food and agriculture sector under its start-up enabler initiative
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Finance Minister Nirmala Sitharaman said discussions with regard to private cryptocurrencies and central bank-backed digital currency have been going on with the Reserve Bank
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"Today's inflation print is expected to be around 6%. So that should not surprise or create any alarm, because we have taken that into consideration," Das said.
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The rates represent a particular stance with regard to the monetary policy and the committee decided to continue with the accommodative stance, said RBI Governor Shaktikanta Das
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