Payments Council of India’s Post

The gross non-performing assets (NPAs) of Indian banks The proportion in 2018 was 11.25%. By the year 2024, the percentage is expected to reach 3%. The financial system in India is distinguished by its stability and robustness. The Reserve Bank of India (RBI) is celebrating its 90th anniversary today, and it has accomplished notable achievements in recent years. Here's to the ongoing expansion and prosperity of the Indian banking system. #ReserveBankOfIndia #IndianBanks #BankingSystem #Success

Too Big to Fail – Indian Banks Identified by RBI 🏦 The Reserve Bank of India (RBI) classifies certain banks as Domestic Systemically Important Banks (D-SIBs), more commonly referred to as "Too Big to Fail". These banks are so vital to the financial system that their failure could severely impact the economy, requiring stricter regulatory oversight. 🛡️ Here are the banks that have earned this classification: 1. State Bank of India (SBI) 🇮🇳 2. HDFC Bank 💳 3. ICICI Bank 🌍 If you liked this, follow CA Upendra Reddy for more such content :) What are your thoughts on this? 💭 #Banking #TooBigToFail #DSIB #RBI #IndianBanks #FinancialStability #SBI #HDFC #ICICI #CA #India

Reserve Bank of India (RBI) on Wednesday warned of action against those non-banking financial companies (NBFCs) who are pursuing unsustainable practices to push growth. In a strongly-worded statement while announcing the bi-monthly policy review, RBI asked such NBFCs to be sincere, fair and follow sustainable practices. RBI asked banks and NBFCs to carefully assess their individual exposures in these areas, both in terms of size and quality, and have robust underwriting and monitoring of loans. . . Lawstreet Journal Reserve Bank of India (RBI) #lsjexecutive #lawstreetj #RBIPolicy #NBFC #FinancialRegulations #SustainableGrowth #FairPractices #BankingSector #LoanMonitoring #FinancialStability #RBIWarning #ResponsibleLending #india

The State Bank of India (SBI), India’s largest lender, has been wrongfully withholding over Rs164 crore from many of the 12-crore Jan Dhan account holders for the past five years. The banking major mopped up this amount by collecting a fee of Rs17.70 on every UPI transaction carried out by Jan Dhan account holders during April 2017 to September 2020. The banking major has not yet returned this amount to account holders though levying such a fee is against RBI’s rules. Check out for full story here: https://lnkd.in/ghk-6NVg... #SBI #JanDhanAccounts #UPIFees #RBIRules #FinancialInjustice #FinancialTransparency #ConsumerRights #bizzbuzz #bizzbuzznews

Did you know just 5 banks hold the majority of deposits in India? 5 commercial banks hold a whopping 50%! 7 out of the top 10 are government banks, showing Indians' trust in them. For every ₹100 deposited in an Indian commercial bank, the share of government banks is a whopping ₹62. Around ₹32 are deposited with private banks. Just under ₹5 can be found with foreign banks, and the rest—just under ₹1—is with small finance banks and payment banks. The leader of the pack? The one and only State Bank of India (SBI)! They hold a staggering 23% of all deposits. But don't forget HDFC Bank, another giant with a 9% share. These banks are the backbone of India's financial system, empowering millions towards prosperity.

Is the Banking System Facing a Liquidity Crisis? The Reserve Bank of India (RBI) Governor, Shaktikanta Das, recently highlighted some key challenges facing the banking sector. One major concern is a decline in bank deposits. More people are exploring alternative investments, leading to liquidity issues for banks. This shift in savings habits is causing a widening credit-deposit gap. Banks need deposits to fund loans, and this imbalance could hinder future credit growth. Governor Das also confirmed that the RBI is currently not granting banking licenses to business houses. This decision aims to prevent conflicts of interest and maintain financial stability. What does this mean for the future of banking? Banks will likely need to innovate to attract and retain deposits. What new products or services could we see emerge? #RBI #Finance #Banking #Liquidity #FutureofBanking

As we mark 90 years of the Reserve Bank of India (RBI), we acknowledge its pivotal role in safeguarding the stability and strength of the Indian banking system. The decline in NPAs, coupled with the increase in credit growth, reflects the RBI's commitment to fostering a robust financial ecosystem. Moving forward, it is imperative for the RBI to continue its efforts towards enhancing financial inclusion, promoting sustainable growth, and addressing emerging challenges to sustain the momentum of progress in the Indian banking sector. The legacy of the RBI as a beacon of stability and strength in the Indian economy remains unwavering as it embarks on a new era of innovation and resilience. https://lnkd.in/gA9aq-k2

IMPORTANCE OF COMPLIANCES- RBI flags RBI imposes penalty on Bank of India, Bandhan Bank: The Reserve Bank of India (RBI) said it has imposed a penalty of Rs 1.4 crore on Bank of India for non-compliance with certain regulatory norms. It has also imposed a penalty of Rs 29.55 lakh on private sector lender Bandhan Bank for non-compliance with certain directions. The penalty on Bank of India has been imposed for non-compliance with the RBI's directions related to 'interest rate on deposits', 'customer service in banks', 'interest rate on advances', and contravention of provisions of Credit information Companies Rules, 2006. #rbi #Compliances #penalty #noncompliances

🏦 India’s Top 10 Public Sector Banks And Their Assets Ever wondered which public sector banks in India hold the largest assets? According to recent data, State Bank of India (SBI) leads the pack with total assets worth a staggering Rs 45.34 lakh crores, followed by Punjab National Bank (PNB) and Bank of Baroda. This ranking not only showcases the size and scale of these banks but also reflects their crucial role in India's banking sector. #PSBs #bankingsector #assets #sbi #pnb #bankofbaroda #indianeconomy

The Reserve Bank of India (RBI) has proposed creating an easy-to-use system for cross-border payments to smoother transactions between countries. https://lnkd.in/dJQRpQPW #RBI #CrossBorderPayments #India