RBI tweaked LCR norms to boost liquidity

In a bid to further improve the cash position of banks, the Reserve Bank of India (RBI) has recently tweaked Liquidity Coverage Ratio (LCR) norms to provide an additional 2% window to lenders. The move will harmonise the liquidity requirements ..

A third of Scottish banks lost

Since 2010, around a third of the scottish banks have been closed. This raises concerns about people’s access to cash. An analysis found that 610 banks were closed between 2010 and 2018. Edinburgh has most of the banks closed, cutting ..

Pakistan to receive loan of 2.1 billion US$ from China

Pakistan will receive 2.1 billion US$ loan from China by 25th March to provide a boost to its ailing economy. Pakistan’s Finance Ministry has announced that all procedural formalities for the transfer of the loan being provided by the Chinese ..

SBI inked a pact with Bank of China

State Bank of India has inked an agreement with Bank of China to intensify business interactions between both the lenders. Under this pact, both SBI and Bank of China will gain direct access to their respective markets of operation. It ..

SBI launches doorstep banking service for senior citizens over 70 years of age and differently-abled customers

The State Bank of India (SBI) has launched doorstep banking service for senior citizens over 70 years of age, differently-abled customers and infirm customers, including visually-impaired customers. Eligible customers can avail this service at a nominal fee of Rs. 100 ..

PNB ranked first among public sector banks in implementation of reforms agenda

The BCG-IBA report titled ‘EASE Reforms for Public Sector Banks’ has measured the performance of each Public Sector Bank (PSB) on 140 objective metrics across six themes, including customer responsiveness, credit off-take, and digitization. As per report, the Punjab National ..