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Budget 2023: FM Sitharaman's past key budget announcements on banking

Like the previous two Union Budgets, the Union Budget 2023-24 will also be delivered in paperless form whose preparation commenced on October 10, 2022.

Finance Minister Nirmala Sitharaman during Budget 2022.
Finance Minister Nirmala Sitharaman during Budget 2022.
Published on Jan 30, 2023 11:16 PM IST

Israel's second digital bank gets regulatory go-ahead

Israel's banking system is highly concentrated and run by a handful of banks, with the two largest controlling more than half the assets in the sector.

In the era of most iconic inventions, digital banking has been the most significant emergence as a result of technological breakthroughs.
In the era of most iconic inventions, digital banking has been the most significant emergence as a result of technological breakthroughs.
Published on Dec 25, 2022 10:16 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar

BC Sakhis: Unlocking rural women’s banking potential

The article has been authored by Kalpana Ajayan, regional head and Ajit Agarwal, lead, strategic partnerships & policy, Women’s World Banking, South Asia.

The government launched the Mission One Gram Panchayat, One BC Sakhi programme in 2019 aiming to create a pool of 1.25 lakh trained and certified women Self Help Group (SHG) members as BC Sakhis. (Shutterstock Photo)
The government launched the Mission One Gram Panchayat, One BC Sakhi programme in 2019 aiming to create a pool of 1.25 lakh trained and certified women Self Help Group (SHG) members as BC Sakhis. (Shutterstock Photo)
Published on Nov 25, 2022 01:47 PM IST
ByHindustan Times

Piyush Goyal calls Insolvency and Bankruptcy Code ‘gamechanger reform’

Union minister Piyush Goyal said the IBC has brought about a marked shift in attitudes of lenders and borrowers, acting as an effective deterrent against unscrupulous borrowers and imparted banks the tool to follow due diligence and confidence about recovery. 

Union minister Piyush Goyal listed out five guiding principles for insolvency professionals. (File photo)
Union minister Piyush Goyal listed out five guiding principles for insolvency professionals. (File photo)
Published on Nov 25, 2021 08:52 PM IST
By, New Delhi

‘PMC officials hid fraud loans’: RBI to Bombay HC

The banking regulator said access codes were given to “problematic accounts” to ensure “restricted visibility”, and these accounts could be accessed only by 25 of the bank’s 800 employees.

An annual inspection of crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank has revealed that some bank officials had tampered with the lender’s core banking system to hide fraudulent loan accounts of real estate developer Housing Development and Infrastructure Limited (HDIL), the Reserve Bank of India (RBI) told the Bombay high court.(Reuters image)
An annual inspection of crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank has revealed that some bank officials had tampered with the lender’s core banking system to hide fraudulent loan accounts of real estate developer Housing Development and Infrastructure Limited (HDIL), the Reserve Bank of India (RBI) told the Bombay high court.(Reuters image)
Updated on Nov 20, 2019 05:26 AM IST
Hindustan Times, Mumbai | ByKanchan Chaudhari, Mumbai
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