x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Omar’ announcement of five Marlas land to landless is welcome step: Gupta | Vishwa Yog Sansthaan conducts morning yoga, plantation drive & relief distribution | CM inaugurates Rs 35.67 crore water supply schemes in Tangmarg | Explore innovative , practical solar energy solutions for JK:- Satish Sharma | DyCM visits NIFT Budgam, reviews ongoing developmental works | Gold prices drops Rs 600 to Rs 1,13,200/10 G as fed's cautious stance strengthens Dollar | CS seeks guidance of NITI Aayog on Tele-ICU setup in new GMCs | Babila Rakwal reviews functioning of FPOs across J&K | DC distributes 52 sanction letters to promote youth entrepreneurship | PM Modi's policies reshaping India into a 'Mother-led Democracy': Purnima Sharma | All exams to be held on time in J&K: Sakina Itoo | JKBOSE, JKACS jointly organise UT level quiz competition on HIV/AIDS | Team KPBB - Serving Humanity, Serving Hope for flood-affected families | Hindi Fortnight inaugurated with grand ceremony at Central University of Jammu | NFR takes up eco-friendly drive under Swachhata Hi Seva 2025 | Inter-state drug supplie arrested with 7 kg Ganja in Domana | GST reforms are Prime Minister Modi's Diwali gift to the nation: CM Yogi | Director TBMS Parwez S Kaul, Retd Justice Muzaffar Jan visit DPS Srinagar | Projects worth over Rs 5 lakh crore to be launched in November with GBC@5: Chief Minister | Hardcore criminal booked under PSA by Samba police | Setback for Cong as LBA asserts authority, Thupstan returns to lead LBA | Controversy erupts over crowdfunding campaign in Mehraj Malik’s Name | Bar president distances himself from Mehraj’s legal team | LG Sinha to inaugurate national seminar on’ Bhartiya Bhashaon Mein Ekaatmata ' today | District-level panels constituted | CM Omar Inaugurates Convention Centre in Gulmarg | Vaishnodevi Yatra resumes after brief halt, registration begins | PM Modi speaks to Nepal PM Karki, supports efforts to restore peace | Court denies bail to ex-president LoC Traders Association in Hizbul funding case | Pahalgam tourist killings case: NIA court extends remand of 2 accused | MLA Inderwal calls on Omar, lists demands | Best out of Waste competition held at GCW Udhampur | India’s Minimum Support Price (MSP) Mechanism: Balancing Farmer Welfare, Market Dynamics, and Sustainable Agriculture | Indian Hearts in Peril: A Silent Epidemic | Balancing Legality With Humanity | GDC R S Pura organizes donation drive under Sewa Pakhwada | Red Ribbon Club volunteers visit Home for Aged, Infirm | Campaign for Saturation of Fl Schemes at Gram Panchayat level in all districts | Parveen Pargal appointed All India Executive Member of Laghu Udyog Bharati from J&K | NCC, NSS Units of GDC Kathua conducted donation activity under Seva Parv | Anantnag police seize land in major narco-terror crackdown | Owais Ali Bhat foundation J&K divisions helping flood effected people | RED DROP in collaboration with F&ES, LD hospital organizes blood donation | Celebration of Seva Parv at GDC Majalta | SPPND GDC Samba organizes donation drive to celebrate Sewa Parv | Nukkad Natak show on drugs abuse organize by Billawar police | Jammu police arrest absconder in Akhnoor | MLA Bahu Ch Vikram Randhawa kickstarts lane, drain work in Ward No. 21 | Police booked notorious drug Kingpin under PIT NDPS Act | Back Issues  
 
news details
Banking sector witnessing a decade-high performance: RBI
7/11/2024 9:57:31 PM
Agencies
NEW DELHI, July 11: As India aims to become the world's third largest economy soon, the banking sector is undergoing a decade-high performance in financial metrics, according to Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI).
According to him, the central bank is busy improving the auditing process to safeguard the integrity and stability of financial institutions.
"Auditors and chief financial officers are key pillars of financial integrity and governance in our banking system. Auditors must apply due rigor in their audit processes to mitigate any potential for divergence, under-provisioning, or non-compliance with statutory and regulatory requirements, said Swaminathan at a conference in Mumbai.
Mr Swaminathan said that the RBI has introduced structured meetings between supervisory teams and auditors, exception reporting, and streamlined auditor appointment processes.
He also cautioned Chief Financial Officers against the evergreening of loans and fraudulent transactions through certain bank accounts with large corpus amounts without valid reasons.
Mr Swaminathan also emphasised the importance of collaboration between stakeholders in the banking financial system.
Meanwhile, India's Financial Inclusion Index (FI-Index) for the financial year ended March 31, 2024, improved to 64.2 compared to 60.1 in March 2023, with growth witnessed across all sub-indices, the RBI announced.
The improvement in the FI-Index reflects a deepening of financial inclusion across the country.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU