-The Hindu Business Line Trade deficit widens as imports rise; exporters worried about future New Delhi: A fall in exports of gems & jewellery, petroleum products, readymade garments and farm products pulled down India’s overall exports (year-on-year) by a marginal 0.6 per cent to $29.11 billion in March 2018. Exporters are worried as several of the sectors that have taken a hit are labour-intensive, which they say is due to liquidity problems. Exports, however,...

-The Hindu Business Line Ahmedabad: Ahead of the kharif sowing season, Gujarat is facing a cash shortage as Banks have started receiving lesser cash than required from the RBI. This has resulted in the rationing of cash disbursements at several Banks in parts of Gujarat, mainly in the north. Banking sources confirmed experiencing cash shortage at the currency chest level from where the disbursement of cash takes place to the bank branches. There...

-The Indian Express The move comes after complaints against Banks that they were not intimating eligible farmers whose names along with the amount has been cleared by the state government. Mumbai: The state government has decided to directly intimate eligible farmers across 40,913 villages about the loan waiver scheme. The move comes after complaints against Banks that they were not intimating eligible farmers whose names along with the amount has been cleared...

-The Indian Express At present, 11 weak PSBs out of the 21 State-owned Banks are under the PCA, which kicks in when Banks breach regulatory norms on issues such as minimum capital, amount of non-performing assets and return on assets. Lending to the corporate sector, particularly small and medium enterprises, is becoming increasingly difficult with more than half the country’s public sector Banks (PSBs) now under the RBI’s Prompt Corrective Action (PCA)...

-The Economic Times KOLKATA: Charges for SMS alerts on banking transactions may not squeeze account holders much but can be a reasonable earning for many Banks, especially in accounts with meagre monthly transactions though income from SMS alert service goes against the advisory from the sector regulator. While Reserve Bank of India told Banks to send SMS alerts for every transaction as means to fight frauds, the regulator also directed Banks to...