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.
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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.
Thu, Jun 20, 2024
Bank Nifty got the support of Short Covering? How did Short Sellers get trapped tomorrow? Why is fresh buying necessary in Bank Nifty today? Why is there a shift in banking stocks from largecap to midcap? At which support level to buy Bank Nifty? Must watch this video of Anil Singhvi.
Fri, Apr 21, 2017
The Reserve Bank of India (RBI) has brought in new reforms to tackle banks' long hanging problem of “stressed assets.” Stressed assets arise after adding into non-performing assets (NPA), restructured loans and written off assets.
Wed, Apr 19, 2017
Previous three quarters of banking sector in FY17 were muted as they suffered from single-digit loan growth, excess liquidity, weak NII and lack of resolution to its non-performing assets (NPAs) problem.
Wed, Mar 29, 2017
Data show that although from October to November 2016 saw an over Rs 30,000 crore rise in deposits in Jan Dhan accounts, withdrawals are slowly inching up,
Sat, Mar 25, 2017
The Reserve Bank of India (RBI) has asked all agency banks -- all public sector banks and some private banks -- to remain open on all days between March 25 and April 1.
Tue, Jan 31, 2017
The consequent squeeze of banks has led them to slow credit growth to crucial sectors-especially to industry and medium and small scale enterprises (MSMEs)-to levels unseen over the past two decades. As this has occurred, growth in private and overall investment has turned negative . A decisive resolution is urgently needed before the TBS problem becomes a serious drag on growth.
Tue, Jan 24, 2017
Kotak also feels RBI's asset quality review to offset the impact of stressed assets and enable most banks to see higher growth in net profits compared to pre-provisioning profits.
Wed, Dec 28, 2016
Considering Acharya's major interest, does that mean with his appointment the Modi-led government once again shifts its focus on bank's long hanging stress – 'the bad loans'?
"The manager has been arrested under the provisions of the Prevention of Money Laundering Act and will be produced before the court for further custody," ED said.
Tue, Dec 20, 2016
Post demonetisation, Indian banks especially public banks are expected to see growth in the ATM volumes led by steady activation of debit cards.
Mon, Dec 12, 2016
Nitin Aggarwal and Renish Patel analysts of Antique Stock Broking firm said, “Treasury gains will add upto 6% in operating earnings of major public sector undertakings (PSU) banks over second half of current fiscal year (2HFY17), assuming 50 basis point reduction in interest rate across yield curve.”
Wed, Nov 23, 2016
The report said that in the past five years, NBFCs have raised Rs 26,000 crore equity.
Tue, Oct 11, 2016
Reserve Bank of India's (RBI) data has revealed that stressed loans have crossed $ 138 billion (approx Rs 8,71,746 crore) in June 2016, an increase of 15% in just six months, data accessed by Reuters showed.
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