Sun, Dec 29, 2024
Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report on Trend and Progress of Banking in India 2023-24.
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Mon, Jul 08, 2024
India's private sector banks saw a significant rise in market capitalization in the last quarter, led by Axis Bank's 20.9% growth, with private banks outperforming their public sector counterparts.
Fri, Jul 08, 2022
With this for the first time three Private Banks have also been allowed to provide financial services for overseas procurement by MoD.
Fri, Nov 26, 2021
An internal working group of the Reserve Bank on the ownership and corporate structure of private sector banks has favoured allowing promoters to maintain any percentage of holding in the first five years.
Sat, Oct 13, 2018
"It is important, therefore, that the PCA framework to deal with financially weak banks is persisted with. Any slackening of the approach in the midst of required course action is an all too familiar and ultimately harmful habit that we must eschew," he said.
Mon, Sep 17, 2018
It said there has been an increase in the share of smaller corporates, and small and medium-sized enterprises and personal/retail loans in the special mention accounts (SMAs) pool in FY18 over FY17.
Sat, Sep 01, 2018
Credit to industry rose 0.3 per cent, with sub-sectors such as infrastructure, textiles, chemicals, food processing and engineering showing acceleration, while loans to basic metal and metal products, petroleum, coal products and nuclear fuels, cement and cement products and paper and paper products declined.
Mon, Sep 19, 2016
The worst is almost over for India’s banking system in the matter of asset quality, said the international ratings agency, Moody’s Investor Services on Monday.
Tue, Sep 06, 2016
The banking sector on Tuesday was trading up 1.73% intraday on BSE. With the public banking sector up 1.83% and private banking sector up 1.78% at 1200 hours. (See here)
Sun, Aug 21, 2016
A venomous snake called bad loans has been haunting Indian banks, especially the public sector lenders for a few years now.
Mon, Jul 18, 2016
30 lakh people have enrolled in the Atal Pension Yojana (APY) so far. Moreover, the Government said that nearly 5000 people are subscribing to the pension plan every day.
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