Indian Banks' Association

State-run banks will set up an e-auction app to dispose of about 500,000 properties over the next five years. "Our target is that in the next five years, around six lakh transactions be done through the app, which include over one lakh…

MUMBAI: The RBI on Monday extended the time till December-end for banks to enter into revised agreements with safe deposit locker holdersas a large number of customers are yet to do so.In August, 2021 the Reserve Bank of India (RBI) had…

MUMBAI (MAHARASHTRA): The Governor of the Reserve Bank of India Shaktikanta Das on Sunday said the central bank has been taking progressive measures to improve the availability of digital infrastructure for banking services. Governor …

MUMBAI: Finance minister Nirmala Sitharamanhas asked banks to proactively reach out to customers for loans as a demand surge is expected during the festival season. “During and immediately after the festival, there will be a lot of…

MUMBAI: Finance minister Nirmala Sitharamanhas asked banks to ensure that frontline staff of banks speak the local language and do not invoke patriotism and question the customer for not knowing Hindi. “We cannot have staff who do not…

The government will support free electronic transactions under Bharat Bill Payment System or BBPS and may direct the Indian Banks' Association (IBA) and National Payments Corporation of India (NPCI) to review and act against errant players,…

MUMBAI: Banks are looking at transferring newer nonperforming assets (NPAs) to the National Asset Reconstruction Company (NARCL). But the provision requirement is set to rise as the sale price is likely to be lower than the value of the…

With an aim to have 4-5 banks as big as State Bank of India (SBI), the government is planning to initiate the next round of state-run banks’ mergers after a detailed study on the outcome of amalgamation in public sector banks (PSBs),…

The National Payments Corporation of India (NPCI) on Tuesday informed that they have set up a 24*7 helpline to aid with digital payments products and services. The helpline is called DigiSaathi and it will also be accessible on…

<!-- -->Banks are holding discussions on status of loans taken by students for Ukraine studiesGovernment has asked the Indian Banks' Association (IBA) to assess the impact of the Ukraine conflict on outstanding loans taken by students…