Indian Banks' Association

Making a strong case for banning cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Monday said they are even worse than ponzi schemes and threaten the financial sovereignty of a country. Observing that crypto-technology is…

NEW DELHI: Ahead of the Budget, the Indian Banks' Association (IBA) has made a fresh pitch for reducing the lock-in period for fixed deposits (FDs) to be eligible for tax breaks from the current five years to three so that they are able to…

NEW DELHI: A nationwide strike has been called by the employees of various state-run banks to protest against the government's move to privatise two public sector lenders. The two-day strike on December 16 and 17 was called by the United…

India needs four or five more large commercial banks similar in size to the State Bank of India (SBI) to meet the growing requirement of the economy, finance minister Nirmala Sitharaman said on Sunday.“The way in which the economy is…

The Indian Banks' Association (IBA) has moved an application to the Reserve Bank of India (RBI) seeking licence to set up a ₹6,000 crore National Asset Reconstruction Company Ltd (NARCL) or bad bank, according to sources. NARCL was…