Banking & finance policies
PFRDA notifies amendments to National Pension System Trust and Pension Fund regulations
22 Feb 2024
The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amendments to the regulations governing the National Pension System Trust and the Pension Funds
Goldman Sachs predicts early policy easing by banks in India and Australia following the Federal Reserve's lead
18 Dec 2023
In a surprising turn of events, central banks across the Asia-Pacific region, from India to Australia, are poised to initiate interest rate cuts earlier than initially projected, influenced by the Federal Reserve’s hastened easing cycle, as suggested by Goldman Sachs Group Inc.
SBI hikes MCLR-based interest rates, makes retail loans costlier
16 Dec 2023
The State Bank of India (SBI) on Friday announced a 5-10 basis points increase in its marginal cost of fund-based lending rate (MCLR) for select tenors.
Bank employees clinch 17% annual pay hike; push for 5-day week
10 Dec 2023
A consortium of bank employee unions and the Indian Banks Association (IBA) have reached a consensus on wage revision that provides for an annual increase of 17 per cent in salaries
India needs to open up further for capital account convertibility
18 May 2015
Sound policies, robust regulatory framework promoting a strong and efficient financial sector, and effective systems and procedures for controlling capital flows greatly enhance the move toward convertibility, said RBI executive director G Padmanabhan