Tue, Dec 17, 2024
The structural long-term growth story for India remains intact driven by favourable demographics and stable governance, and Indian equities are likely to stay buoyant next year, a report showed on Tuesday.
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Fri, Aug 02, 2024
The primary purpose of a current bank account is to facilitate smooth financial transactions for businesses. All banks in India offer various types of current accounts. Considering factors like the minimum current account balance or the Monthly Average Balance Requirement, Zero Balance Current Accounts are the most suitable option for many.
Sat, Jun 29, 2024
During a meeting with bankers' committee on Friday, she said as compared to government banks, private banks are opening very few accounts under social security pension schemes of the central government, which was shocking and asked why private lenders were lagging in this field.
Wed, Jan 24, 2018
According to the survey, 58 per cent of the respondent banks reported a rise in NPAs, significantly lower than 80 per cent in the previous round. Infrastructure, metals and engineering goods were key contributors to the bad debt.
Thu, Jan 04, 2018
Moody's expects the government will allocate the Rs 1.5 lakh crore in capital across the country's 21 public sector banks so that they will all have common equity tier 1 (CET1) ratios.
Fri, Dec 22, 2017
RBI is also identifying wilful defaulters for IBC resolution under the National Company Law Tribunal (NCLT). So far, it has identified 40 wilful defaulters of banks in two lists.
Tue, Nov 28, 2017
The RBI data showed that aggregate deposits and bank credit growth (y-o-y) decelerated across all population groups and bank groups in September 2017 from a quarter ago.
Wed, Nov 22, 2017
Asset resolution and bank recapitalisation are expected to strengthen banks' balance sheets and improve their "ability and willingness" to lend at rates in consonance with policy rates.
Sun, Nov 19, 2017
The Aadhaar-issuing body, Unique Identification Authority of India (UIDAI), has allowed banks to hire private data entry operators and enrolment machines and expects the relaxation to speed up the opening of Aadhaar enrolment and updation centres at bank premises.
Tue, Aug 22, 2017
Employee unions under United Forum of Bank Unions (UFBU) has called for today's bankers strike.
Thu, Aug 17, 2017
RBI introduced various measures in the Interest Subvention Scheme for Short Term Crop Loans during the year 2017-18. The aim is to provide agriculture credit at affordable rate.
Wed, Aug 16, 2017
Between April - till date, AT1 instruments worth around Rs 18,300 crore have been issued by eight banks, compared with Rs 4,800 crore by four banks in the corresponding period of the previous year.
Tue, Jul 04, 2017
Latest data of Financial Stability Report indicates private banks have outperformed public ones when it comes to credit and deposit growth. PSBs has lost share in total credit over the last three time periods.
Mon, Jun 26, 2017
Bankers salaries in India go up to Rs 10 crore packages with incentives and perks. Zeebiz lists out top five banks and the salary drawn by its top management in the last fiscal.
Sun, Jun 25, 2017
SBI, one of the world's 50 largest banks, pays only a small fraction to its top management as compared to private sector players like ICICI Bank and HDFC Bank.
Wed, Jun 14, 2017
Union Cabinet has approved an interest subvention scheme for farmers short term loan aggregating up to Rs 3 lakh borrowed during the year 2017 - 18. RBI and NABARD will implement the scheme.
Thu, May 18, 2017
With the government and the Reserve Bank of India (RBI) deciding to first tackle the top-50 large stressed assets into the banking universe, corporate insolvency will emerge as a credible solution for resolution bad assets.
Thu, May 11, 2017
As both government and RBI trying to do all they can, lets have a look at other countries who tackled with the same so-called NPA problems. Some of these methods may help India in their problem as well.
Wed, May 10, 2017
A Moody's Investor Services report said, "Both the measures aim to motivate banks to be more proactive in NPL resolution as well as improve co-ordination among banks. For instance, RBI can now direct banks to undertake a plan of action for specific assets if it feels that banks are not taking the prudent approach."
Tue, May 09, 2017
With the commencement of earnings season, major private banks have announced their fourth quarter ended March 31, 2017 result. The data in their financial audit shows period of high NPAs is over.
Fri, May 05, 2017
As per the new rules, under Section 35AA - the central bank is entitled to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default under the provisions of the Insolvency and Bankruptcy Code.
The draft published on Gazette of India said, “Whereas the stressed assets in the banking system have reached unacceptably high levels and urgent measures are required for their resolution.”
Thu, May 04, 2017
Finance Minister Arun Jaitley said late on Wednesday that the federal cabinet had taken some significant decisions related to the banking sector, without revealing details saying the decisions needed Presidential assent.
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