Tue, May 30, 2023
As pointed out by the sources in the Ministry and also banking experts, individuals from the Finance Ministry and RBI are part of the board of PSU banks, but that is not the case for private banks.
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Mon, Mar 20, 2023
In reply to another question, Karad said, as per the information provided by the Ministry of Road Transport & Highways (MoRTH), the total estimated vehicle fleet is 30.48 crore (excluding data from Madhya Pradesh, Andhra Pradesh, and Lakshadweep), of which 16.54 crore vehicles are uninsured.
Mon, Dec 19, 2022
The banking system's credit growth will slow down to 11-11.6 per cent in FY24, after a very healthy growth of 15.2-16.1 per cent expected in FY23, the rating agency said.
Thu, Nov 17, 2022
Due to their strong performance in this quarter, the majority of the banks even witnessed a surge in their share prices.
Mon, Sep 26, 2022
NPAs in the education loan category including public sector banks' (PSBs) were 7.82 per cent at the end of June quarter.
Tue, Nov 30, 2021
Banks have written off bad loans amounting to Rs 46,382 crore during the first six months of 2021-22, the finance ministry informed the Lok Sabha on Monday.
Tue, Oct 19, 2021
Gross non-performing assets (NPAs) of banks are expected to increase to 8-9 per cent in the current financial year, credit rating agency Crisil said in a report.
Sat, Sep 28, 2019
In a major announcement, Lakshmi Vilas Bank on Saturday said the Reserve Bank of India (RBI) had initiated Prompt Corrective Action (PCA) against it on account of its high non-performing assets (NPA) and others.
Fri, Jul 05, 2019
FM Sitharaman pointed out that, financial gains from cleaning of the banking system are now amply visible.
Sat, Jun 08, 2019
The central bank said in a notification said the new norms provide a framework for early recognition, reporting and time-bound resolution of stressed assets.
Fri, Jun 07, 2019
The central banks said lenders shall recognise incipient stress in loan accounts, immediately on default, by classifying such assets as special mention accounts (SMA).
Fri, Jan 18, 2019
The RBI had last month come out with the guidelines stipulating that from April 2019, minimum 40 percent of fund- based limits of a borrower is required to be structured in the form of a 'loan component' with a fixed maturity.
Mon, Sep 17, 2018
Addressing a press conference in New Delhi, Arun Jaitley said the bank lending before 2008 was Rs 18 lakh crore, and it jumped to Rs 55 lakh crore between 2008 and 2014. He said the nature of lending was as if there would be no tomorrow, adding that the real picture was known by the government as well as RBI after 2015.
Tue, Aug 28, 2018
The government will have to infuse USD 26.5 billion into the state-run banks (excluding SBI) in FY19-20 to support a moderate 14 per cent credit growth, it said, adding USD 19.4 billion will be required for 75 per cent haircut on stressed power projects.
Mon, Sep 25, 2017
Retail loan has less exposure in banks stressed assets and has been considered a favourable segment which can boost the lenders credit cycle.
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