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Banks seek relaxation in account takeover norms

A bank executive said that the lenders made this representation to the government after widely held internal deliberations among state-run banks. "There are already various checks and balances in place. These guidelines create undue restrictions in normal business dealings," he argued. Former financial services secretary DK Mittal under whose tenure this circular was issued said that this was done after due consultation with all stakeholders. ....

Central Vigilance Commission , State Run Banks , Corporate Accounts , Account Takeover Norms , Dk Mittal ,

Rupee drops to fresh 10-month low vs US dollar

Meanwhile, Brent crude was at $89.76, having reached the highest since November 2022 during the New York trading session on Tuesday. ....

New York , United States , State Run Banks , Oil Price , Asian Currencies , Asian Currencies Declined , Brent Crude , Rupee Price ,

CNN Early Start With Christine Romans June 4, 2024 09:53:00

But it is not clear to me that inflation necessarily is going to sort of directly fall in the next few months. we re likely to see some up side surprises. all those rate hikes, i mean, there is a real concern that something has got to break. maybe we ve seen that. but what about the pressure on the banking system from all these rate hikes. where are we i guess in the bank pressure story? i don t think it is a crisis, i think it is stress. how would you rise it? i think it is still early. there were some practices particularly in the mid size smaller state run banks that were not consistent with sound risk management practices. and after the fed s recent report we know the fed wasn t really supervising these banks the way they should be. so my expectation is that you will see more and more of these sort of issues particularly on the credit side of things going forward as the fed starts to be more aggressive with lending ....

Rate Hikes , Side Surprises , Bank Pressure , Banking System , Fed Wasn T , State Run Banks , Federal Reserve , Sound Risk Management Practices , Credit Side ,

State-run banks to await yields uptick before buying more govt bonds, say traders

Banks have been offloading notes over the past month to book profits following a price rally led by hopes of a policy pivot by the local and US central banks. ....

Vijay Sharma , Abhishek Upadhyay , Clearing Corp , Reserve Bank , Statutory Liquidity Ratio , State Run Banks , Public Sector Banks , Government Bonds ,

Relocation of state-run banks as election pledge unnerves employees again

Relocation of state-run banks as election pledge unnerves employees again ....

Soult Ukpyolsi , South Korea , Pusan Gwangyoksi , Yoon Suk Yeol , Lee Jae Myung , Democratic Party Of Korea , Korea Development Bank , People Power Party , National Assembly , Korean Financial Industry Union , Industrial Bank , Export Import Bank , Democratic Party , President Roh Moo Hyun , Chairman Lee Hae Chan , Kim Chong In , State Run Banks , Financial Institutions , Presidential Candidates ,