Washington: Senior US banking regulators defended efforts to ease some post-crisis regulations and implement new rules for stablecoins during a
➤ US banking regulators defended proposed easing of some post-crisis regulations and new rules for stablecoins during a congressional hearing.
➤ Democrats expressed concerns that these changes could weaken safeguards against financial crises, while Republicans argued for reforms to encourage lending and innovation.
➤ The hearing focused on the implementation of the GENIUS Act for payment stablecoins and revisions to the Basel III capital framework, with regulators emphasizing a commitment to safety, soundness, and innovation.
Government Should Bring Down Its Stake In Public Sector Banks: CII
Government Should Bring Down Its Stake In Public Sector Banks: CII
CII has advised government to create a specialized agency for investigating financial sector frauds.
Government should bring down its stake in the public-sector banks below 50 per cent through the market route over the next 12 months except for three-four large PSU banks like State Bank of India, Bank of Baroda and Union Bank, industry body Confederation of Indian Industries (CII) said in its…
Narasimha Rao did not get due recognition: Vice President Venkaiah Naidu
Narasimha Rao did not get due recognition: Vice President Venkaiah Naidu
NEW DELHI: Paying tributes to the late P V Narasimha Rao, Vice President M Venkaiah Naidu on Sunday said bold economic reforms initiated by the former prime minister have helped accelerate the country’s development.
Describing him as a multi-faceted personality, Naidu said Rao was a great scholar, litterateur and multi-linguist.
He, however, did not get due recognition, Naidu said, according to…
There will be a shortage of cash in banks! RBI hikes loan limit under MSF till 31 March
There will be a shortage of cash in banks! RBI hikes loan limit under MSF till 31 March
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The RBI has extended the extended loan facility under MSF to six months to meet the cash crunch in banks. The Reserve Bank of India (RBI) has said that banks provide a satisfactory position in terms of liquidity as well as to meet the…
‘Hope is not a strategy’ India needs more banks to double credit-to-GDP ratio to 100%: RBI board member Image Source : PTI/FILE 'Hope is not a strategy' India needs more banks to double credit-to-GDP ratio to 100%: RBI board member…
More banking sector reforms needed to improve efficiency and accountability in the PSBs
More banking sector reforms needed to improve efficiency and accountability in the PSBs
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By: Sandeep Sen
The only time you can repair a car or an aircraft, a hotel or a house is when it is not in operation.
The same applies for the banking industry which has been subject to massive banking frauds and rising non performing assets during the last five years. The banking reformsthat started in 2015 in right earnest has achieved a lot. But a lot more needs to be done. This is…
open access journal of chemistry, call for paper biological science, ugc approved journals for engineering
The banking system is central to India's economy. Banks are contributing significantly in the growth and development of economy. However, banking sector in India is currently passing through an exciting and challenging phase. Though, India Banking System registered tremendous growth and reforms were introduced to improve the performance and efficiency in banking system. The reform measures have brought about sweeping changes in banking sector. The economic reforms have also generated new and powerful customers and new mix up players '“ public, private and foreign banks. The expectations of consumers are also growing in the competitive and changing business environment. The changing business environment has created big opportunity for Indian Banking System as demographic shifts in terms of income levels and cultural shifts in terms of life style aspirations are changing the profile of the Indian consumers. The retail banking has emerged in a big way and thus, the scope of electronic banking services has widened. Against this back drop, present paper aims to examine the impact of globalization on retail banking services in India.
