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AAP's Raghav Chadha Says Public Trust In Banks Declining, Cites Frauds, Hidden Charges
Speaking in the Rajya Sabha, Raghav Chadha said banks are not just financial institutions but the foundation of democracy, playing a crucial role in people's lives.
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Government To Receive Rs 2.56 Lakh Crore As Dividend From RBI, Public Banks In FY26
The government on Saturday projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions in FY2025-25, as per the Budget documents.
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Delhi Offices, Schools, Shops, Banks To Be Shut From Sept 8-10 For G20 Meet
All government, municipal corporation, and private offices and schools in Delhi will remain shut from September 8-10 in view of the G20 Summit, Arvind Kejriwal said, adding that banks, financial institutions, and shops will also remain closed.
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Markets "Very Well Regulated": Nirmala Sitharaman On Adani Stock Crash
Nirmala Sitharaman said public sector financial institutions had released detailed statements showing they had limited exposure to Adani Group and would not be significantly affected by the share crash.
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Spain Joins List of Nations Experimenting with CBDCs, Plans ‘Wholesale’ Twist
The Bank of Spain (BDE) has expressed its intentions of launching a test programme soon, that would examine the use cases of wholesale CBDC. This form of a CBDC is majorly used by financial institutions, rather than by the public for day-to-day use cases. Spain is the only nation that is testing a wholesale CBDC.
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Government Has Destroyed Financial Institutes, Public Sector Banks: Randeep Singh Surjewala
Congress leader Randeep Singh Surjewala on Wednesday accused the government of destroying the financial institutes as well as public sector banks. Issuing a press release, Mr Surjewala touched upon a number of issues relating to the country's economy, accusing the government of failure.
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LIC Union Opposes Government's Plan To Sell Stake
Employees' union of Life Insurance Corporation (LIC) has strongly opposed the government's plan to sell a part of its holding in the country's largest financial institution through a public issue.
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Finance Ministry Told To Make Reports On Black Money Public
The Parliamentary Standing Committee on Economic Affairs has directed the Union Finance Ministry to make separate reports on black money filed by three research institutes -- the National Institute of Public Finance and Policy, National Institute of Financial Management and the National Council of Applied Economic Research -- available to the publi...
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FRDI Bill: Public Bank Deposits Will Be Protected, Says Arun Jaitley
The FRDI Bill proposes to create a framework for overseeing financial institutions such as banks, insurance companies, non-banking financial services (NBFC) companies and stock exchanges in case of insolvency.
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Government Expands Ambit Of OBC 'Creamy Layer', Includes PSU Posts
The government today expanded the ambit of 'creamy layer' to include certain posts in PSUs and public sector financial institutions, thus barring these officials and their kin from claiming reservation benefits under the OBC category.
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Centre Evolves Criteria To Identify PSU, Bank Posts On 'Creamy Layer'
The Centre has evolved criteria to identify posts in the PSUs, public sector banks and financial institutions comparable with those in the government to exclude the 'creamy layer' for the purpose of granting reservation benefits to the OBC employees.
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Raghuram Rajan Warns Against Fake E-Mails Promising Money In RBI's Name
Echoing warning messages from other financial institutions, Reserve Bank of India Governor Raghuram Rajan on Monday cautioned against fictitious e-mails in his or the RBI's name, demanding money, and asked the public not to fall victim to such frauds.
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Government Taking Effective Steps to Tackle Black Money: Union Minister Jayant Sinha
The government today said it's taking effective steps to deal with black money and will focus on high-impact cases with a view to prosecuting offenders expeditiously for credible deterrence against tax evasion.
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Dubai-based Indian and Ex-Sheriff of Mumbai Awarded Honorary Doctorates by DY Patil University
Dubai-based business tycoon Ram Buxani and former Sheriff of Mumbai Bakul Patel were conferred with the honorary Degree of Doctor of Letters (D Litt) by a university in Mumbai.
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AAP's Raghav Chadha Says Public Trust In Banks Declining, Cites Frauds, Hidden Charges
Speaking in the Rajya Sabha, Raghav Chadha said banks are not just financial institutions but the foundation of democracy, playing a crucial role in people's lives.
-
Government To Receive Rs 2.56 Lakh Crore As Dividend From RBI, Public Banks In FY26
The government on Saturday projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions in FY2025-25, as per the Budget documents.
-
Delhi Offices, Schools, Shops, Banks To Be Shut From Sept 8-10 For G20 Meet
All government, municipal corporation, and private offices and schools in Delhi will remain shut from September 8-10 in view of the G20 Summit, Arvind Kejriwal said, adding that banks, financial institutions, and shops will also remain closed.
-
Markets "Very Well Regulated": Nirmala Sitharaman On Adani Stock Crash
Nirmala Sitharaman said public sector financial institutions had released detailed statements showing they had limited exposure to Adani Group and would not be significantly affected by the share crash.
-
Spain Joins List of Nations Experimenting with CBDCs, Plans ‘Wholesale’ Twist
The Bank of Spain (BDE) has expressed its intentions of launching a test programme soon, that would examine the use cases of wholesale CBDC. This form of a CBDC is majorly used by financial institutions, rather than by the public for day-to-day use cases. Spain is the only nation that is testing a wholesale CBDC.
-
Government Has Destroyed Financial Institutes, Public Sector Banks: Randeep Singh Surjewala
Congress leader Randeep Singh Surjewala on Wednesday accused the government of destroying the financial institutes as well as public sector banks. Issuing a press release, Mr Surjewala touched upon a number of issues relating to the country's economy, accusing the government of failure.
-
LIC Union Opposes Government's Plan To Sell Stake
Employees' union of Life Insurance Corporation (LIC) has strongly opposed the government's plan to sell a part of its holding in the country's largest financial institution through a public issue.
-
Finance Ministry Told To Make Reports On Black Money Public
The Parliamentary Standing Committee on Economic Affairs has directed the Union Finance Ministry to make separate reports on black money filed by three research institutes -- the National Institute of Public Finance and Policy, National Institute of Financial Management and the National Council of Applied Economic Research -- available to the publi...
-
FRDI Bill: Public Bank Deposits Will Be Protected, Says Arun Jaitley
The FRDI Bill proposes to create a framework for overseeing financial institutions such as banks, insurance companies, non-banking financial services (NBFC) companies and stock exchanges in case of insolvency.
-
Government Expands Ambit Of OBC 'Creamy Layer', Includes PSU Posts
The government today expanded the ambit of 'creamy layer' to include certain posts in PSUs and public sector financial institutions, thus barring these officials and their kin from claiming reservation benefits under the OBC category.
-
Centre Evolves Criteria To Identify PSU, Bank Posts On 'Creamy Layer'
The Centre has evolved criteria to identify posts in the PSUs, public sector banks and financial institutions comparable with those in the government to exclude the 'creamy layer' for the purpose of granting reservation benefits to the OBC employees.
-
Raghuram Rajan Warns Against Fake E-Mails Promising Money In RBI's Name
Echoing warning messages from other financial institutions, Reserve Bank of India Governor Raghuram Rajan on Monday cautioned against fictitious e-mails in his or the RBI's name, demanding money, and asked the public not to fall victim to such frauds.
-
Government Taking Effective Steps to Tackle Black Money: Union Minister Jayant Sinha
The government today said it's taking effective steps to deal with black money and will focus on high-impact cases with a view to prosecuting offenders expeditiously for credible deterrence against tax evasion.
-
Dubai-based Indian and Ex-Sheriff of Mumbai Awarded Honorary Doctorates by DY Patil University
Dubai-based business tycoon Ram Buxani and former Sheriff of Mumbai Bakul Patel were conferred with the honorary Degree of Doctor of Letters (D Litt) by a university in Mumbai.
