Banking regulation act

MUMBAI: The Reserve Bankon Friday imposed several restrictions, including a cap on withdrawals for the depositors, on four cooperative banks for six months given their deteriorating financial positions. The banks on which restrictions or…

NEW DELHI : The much-anticipated privatization of state-run banks may be initiated by September, with the government preparing to lift the 20% cap on foreign ownership in public sector banks (PSBs) by amending the…

MUMBAI: Veteran banker Uday Kotak on Friday raised several concerns over the domination of Google Pe and Phone Pe in the payments business. He said that while banks have been caught napping, policymakers also need to look at the issue from…

Government think-tank Niti Aayog on Wednesday proposed setting up of full-stack 'digital banks', which would principally rely on the internet and other proximate channels to offer their services and not physical branches, to mitigate the…

<!-- -->RBI has cautioned co-operative societies against using the term "bank" in their namesReserve Bank of India (RBI) has cautioned people against co-operative societies which are using the word "bank" in their titles and accepting…

The government is also likely to table amendments to the Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013, to enable separation of the National Pension System Trust (NPS) from the PFRDA for ensuring universal pension…