Free Press Journal
  • Indore: ‘Interest rates have bottomed out’

    Indore: Bank of Maharashtra, a pioneer public sector bank of the country is set to consolidate its position in Indore Zone and MP by offering state-of-the-art technology banking and customer centric services. Bank feels that MP has a great potential for banking.

  • Bankers say note ban has been good for them

    Mumbai : A couple of days ahead of the first anniversary of demonetisation, bankers said on Monday that the move was good for them as it resulted in higher deposits and pushed digitisation at a faster pace. On November 8 last year, the Modi government demonetised Rs 500 and Rs 1,000 notes as part of its drive against black money, counterfeit notes and corruption. “For the banking sector, I would consider it

  • Banking sector stares at additional Rs 40K cr NPAs

    New Delhi : The banking sector fears accretion of more than Rs 40,000 crore of bad loans to its books following recent classification of eight consortium accounts of Axis Bank as non-performing assets by the RBI. The Reserve Bank has directed certain reclassifications in the private sector lender’s asset classification and provisioning as on March 2017, subsequent to the annual Risk Based Supervision (RBS) exercise conducted for 2016-17. As a result, Axis

  • Bhopal: Karnataka Bank: Rich past, booming present, great future

    Bhopal: In its 93 years of existence, Karnataka Bank, one of the leading private sector banks of the country, has never sustained loss. As its founders were middle-class entrepreneurs – and not moneybags – the bank, to this day, is committed to promoting entrepreneurship.

  • As pay day dawns, banks dial 100 for police protection

    Chennai: Two unions in the banking sector have urged the Indian Banks Association (IBA) to advice its member banks to seek police protection for branches as they face cash crunch.

  • Banking sector speaks on fourth bi-monthly policy 2016-17

    I welcome the RBI’s move to cut the repo rate by 25 basis points as well its intent to support liquidity. These steps will give a strong impetus to both consumption and investment led growth for the country. The strong focus by the Government on supply side measures, which have resulted containing inflation, has provided room to RBI to support growth through this rate cut.  — Chanda Kochhar, MD andCMD, ICICI BANK

  • Rajan’s ‘mildly futuristic’ vision for banking sector

    Couple of weeks are still left for Dr. Raghuram Rajan before he vacates his office, but he is making the best use of these few weeks by inculcating positive sentiments about the future of banking sector, especially of the public sector banks (PSBs). In a conference held in the financial capital, Reserve Bank of India (RBI) governor Rajan decided to look beyond the stressed assets that are hurting the sector.

  • Strategic disinvestment of Public Sector Banks

    Finance Minister Arun Jaitley has said that the increasing overdue loans given by the banking sector pose a grave threat to the economy. The Finance Minister has done well to recognize the problem. The global economic crisis of 2008 had started from the banking sector in the United States. The banks had given huge amount of loans to the housing sector. The borrowers could not repay the loans and as a result

  • KPMG-CII reports eye on efficient, secure ‘Indian Banking’ sector roadmap

    New Delhi: Country’s economic development is a reflection of the development of its banking sector. As per KPMG-CII report, India’s banking sector is expanding rapidly having the potential of becoming the fifth largest banking industry in the world by 2020 and third largest by 2025. Thanks to emergence of universal banking system, economic growth and globalization

  • Budget to focus on bad banks, recapitalisation: SBI Research

    New Delhi: The upcoming Budget is likely to set out a clear agenda for revival of banking sector, including setting up of a ‘bad bank’ and an aggressive roadmap for recapitalisation, SBI Research said in a note.

  • Govt to bring in more banking reforms soon: Jaitley

    Mumbai: Hinting at major banking sector reforms in the offing, Finance Minister Arun Jaitley today said the country is not at a stage where the government can completely exit its holding in the 27 public sector banks.

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