Department Of Financial Services
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ECLGLS 5.0: Govt Unlocks Rs 35,000 Crore Credit Flow To Industries Hit By West Asia Crisis
Nearly 80,000 loan applications worth over Rs 35,000 crore sanctioned under ECLGS 5.0 as government fast-tracks support for businesses affected by the West Asia crisis.
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Govt To Launch Unified Portal For Unclaimed Financial Assets
Department of Financial Services said it is working with the Reserve Bank of India to launch a single, unified portal covering all regulators.
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Bank Unions To Observe Strike On March 24, 25
Bank unions firm on March 24-25 strike as talks with IBA fail
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Vigilance Commission Seeks Power to Probe Against Bank CMDs: Report
At present, there is no rule to conduct investigation or disciplinary inquiry by the Commission against CMDs and EDs working in public sector banks, insurance companies and some financial institutions, the sources said.
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Black Money: RBI Takes Action Against Erring Urban Cooperative Banks
Cracking down on money laundering, the Reserve Bank of India (RBI) has closed down six urban cooperative banks (UCBs) suspected of being used to route illegal money.
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Standard Chartered to Scour Records for Money Laundering, With Penalty at Stake
Because Standard Chartered clears about two million US dollar transactions each month, the process of poring through the data will be "a huge piece of work" that could take months, said one of the sources. Both sources spoke on condition of anonymity as they are not authorized to speak publicly about the matter.
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Female Bank Staffers to Soon Get Transfers of Their Choice: Report
The Finance Ministry has asked the banks to formulate women-friendly transfer policies so that they can get transfers at places where their husbands are working or parents are living.
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Finance Ministry Mulls Splitting CMD Post for PSU Banks
The central bank had also said CMDs often dominate the board during their tenure and therefore it also recommended that the post of CMDs be separated to empower the board.
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Regulator Takes Steps to Restore Investor Confidence in Commodity Bourses
To revive investor confidence in the commodities market that has plummeted after a Rs 5,600 crore payment crisis at National Spot Exchange Ltd (NSEL), the Forward Markets Commission (FMC) has asked the Securities and Exchange Board of India (Sebi) to make it mandatory for listed companies to disclose their exposure in commodities hedging.
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Why is LIC headless for a full year?
On May 25, LIC will have gone without a full-time chairman for a full year.
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Centre Gets Over 46,000 Corruption-Related Public Grievances In 8 Months
Over 46,000 corruption-related public grievances were received by the Centre in the last eight months of this year, a maximum of them against the Department of Financial Services (DFS), according to a latest official report.
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Coronavirus Outbreak: Government Tells States To Ensure Bank, ATM Firm Employees Can Work Freely
The finance ministry asks states to ensure bank and ATM firm staff are allowed to work without any hindrance despite the lockdown.
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Government Refuses To Disclose Details On RBI Governor Shaktikanta Das’ Appointment
The government refused to share details related to RBI Governor Shaktikanta Das’ appointment, citing a clause in transparency law.
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Government Expects State-Run Banks To Recover Rs 1.8 Lakh Crore From NPAs
The government expects state-run banks, in the current fiscal, to recover over double the amount from NPAs over previous year.
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Free Banking Services From GST Net, Says Finance Ministry Official
Issuance of cheque books, account statements and ATM withdrawals are free up to a certain limit.
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ECLGLS 5.0: Govt Unlocks Rs 35,000 Crore Credit Flow To Industries Hit By West Asia Crisis
Nearly 80,000 loan applications worth over Rs 35,000 crore sanctioned under ECLGS 5.0 as government fast-tracks support for businesses affected by the West Asia crisis.
-
Govt To Launch Unified Portal For Unclaimed Financial Assets
Department of Financial Services said it is working with the Reserve Bank of India to launch a single, unified portal covering all regulators.
-
Bank Unions To Observe Strike On March 24, 25
Bank unions firm on March 24-25 strike as talks with IBA fail
-
Vigilance Commission Seeks Power to Probe Against Bank CMDs: Report
At present, there is no rule to conduct investigation or disciplinary inquiry by the Commission against CMDs and EDs working in public sector banks, insurance companies and some financial institutions, the sources said.
-
Black Money: RBI Takes Action Against Erring Urban Cooperative Banks
Cracking down on money laundering, the Reserve Bank of India (RBI) has closed down six urban cooperative banks (UCBs) suspected of being used to route illegal money.
-
Standard Chartered to Scour Records for Money Laundering, With Penalty at Stake
Because Standard Chartered clears about two million US dollar transactions each month, the process of poring through the data will be "a huge piece of work" that could take months, said one of the sources. Both sources spoke on condition of anonymity as they are not authorized to speak publicly about the matter.
-
Female Bank Staffers to Soon Get Transfers of Their Choice: Report
The Finance Ministry has asked the banks to formulate women-friendly transfer policies so that they can get transfers at places where their husbands are working or parents are living.
-
Finance Ministry Mulls Splitting CMD Post for PSU Banks
The central bank had also said CMDs often dominate the board during their tenure and therefore it also recommended that the post of CMDs be separated to empower the board.
-
Regulator Takes Steps to Restore Investor Confidence in Commodity Bourses
To revive investor confidence in the commodities market that has plummeted after a Rs 5,600 crore payment crisis at National Spot Exchange Ltd (NSEL), the Forward Markets Commission (FMC) has asked the Securities and Exchange Board of India (Sebi) to make it mandatory for listed companies to disclose their exposure in commodities hedging.
-
Why is LIC headless for a full year?
On May 25, LIC will have gone without a full-time chairman for a full year.
-
Centre Gets Over 46,000 Corruption-Related Public Grievances In 8 Months
Over 46,000 corruption-related public grievances were received by the Centre in the last eight months of this year, a maximum of them against the Department of Financial Services (DFS), according to a latest official report.
-
Coronavirus Outbreak: Government Tells States To Ensure Bank, ATM Firm Employees Can Work Freely
The finance ministry asks states to ensure bank and ATM firm staff are allowed to work without any hindrance despite the lockdown.
-
Government Refuses To Disclose Details On RBI Governor Shaktikanta Das’ Appointment
The government refused to share details related to RBI Governor Shaktikanta Das’ appointment, citing a clause in transparency law.
-
Government Expects State-Run Banks To Recover Rs 1.8 Lakh Crore From NPAs
The government expects state-run banks, in the current fiscal, to recover over double the amount from NPAs over previous year.
-
Free Banking Services From GST Net, Says Finance Ministry Official
Issuance of cheque books, account statements and ATM withdrawals are free up to a certain limit.
