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The Reserve Bank of India decided to increase the risk weight on the exposure of banks to consumer credit, credit card receivables and non-banking finance companies. ....
The SBI chairman said that the bank has identified few high-value stressed accounts that will be transferred to the National Asset Reconstruction Company Ltd (NARCL) this financial year. ....
Union Bank of India has opened a special rupee account of Ros Bank Russia while Chennai-based Indian Bank has opened such accounts of three Sri Lankan banks, including Colombo-based NDB Bank and Seylan Bank ....
The High Court said that if a bank officer is found to have been involved in financial irregularities while performing his duty, he cannot be let off. ....
RBI also noted that some such co-operative societies are even accepting deposits from non-members without any licensing or approval from the central bank. ....