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PSBs seek changes to rules for Infra loans, may approach govt

State-owned lenders plan to approach the government seeking changes to terms governing performance bank guarantees (PBGs), timely compensation from concessioning authorities, and greater immunity for board members sanctioning funds for infrastructure projects as they firm up their response to Reserve Bank of India (RBI) draft rules on project financing that call for higher provisioning. ....

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Banks should focus on core banking business, says FM Sitharaman

Finance Minister Nirmala Sitharaman emphasizes core banking for commercial banks, discusses infrastructure financing, GST reform, and cryptocurrency regulation. ....

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