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NPA levels: Urban Co-op banks need to strengthen governance quality

The Reserve Bank of India (RBI) has raised concerns over high levels of gross non-performing assets (NPAs) in urban cooperative banks, despite improved profitability indicators. The RBI has called for further strengthening of governance standards and risk management practices, and for co-operative banks to adopt global best practices of supervision.

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NPA levels: Urban Co-op banks need to strengthen governance quality

The Reserve Bank of India (RBI) has raised concerns over high levels of gross non-performing assets (NPAs) in urban cooperative banks, despite improved profitability indicators. The RBI has called for further strengthening of governance standards and risk management practices, and for co-operative banks to adopt global best practices of supervision.

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FTX Collapse Sparks Urgency in Expanding Safeguards for Crypto Futures Traders

The recent collapse of FTX, a prominent cryptocurrency exchange, has ignited a fervent push within the United States to enhance protections for traders involved in crypto futures.

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Public sector banks told to shift focus away from high-cost bulk deposits

"The caution on high-cost deposits is a part of the review of the asset liability risk management practices followed by banks," a government official said, adding that it was also pointed out that another challenge for public sector banks is to arrest the decline in current and savings account, or CASA, which has come down to 57% in March 2023 from 64.9% in 2018.

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FM tells PSBs to boost deposits, farm credit

Chairing a meeting to review the performance of PSBs on various financial health parameters for FY23, the finance minister advised banks to ensure an increase in rural, agriculture and sectoral credit in order to meet PSL norms.

India , Tripura , Bhagwat-kisanrao-karad , V-anantha-nageswaran , Aatmanirbhar-nidhi-pmsvanidhi , Sanjay-malhotra , Tuhin-kanta-pandey , Dinesh-khara , Vivek-joshi , Bhagwat-kishanrao-karad , Manoj-joshi , Corporate-affairs-manoj-gohil