banks

Flipkart bolsters partnerships with banks, NBFCs ahead of festive season

Flipkart bolsters partnerships with banks, NBFCs ahead of festive season

Walmart-owned Flipkart on Wednesday said it will offer credit options through 17 banks, NBFCs and fintech players that will drive credit ...Read More

Banks have to mandatorily issue AT-1 bonds on electronic platform

Banks have to mandatorily issue AT-1 bonds on electronic platform

The Securities and Exchange Board of India (SEBI) has made it mandatory for banks to issue Additional Tier-1 bonds on the 'Electronic Boo...Read More

SC not satisfied with Centre-RBI's response on loan moratorium

SC not satisfied with Centre-RBI's response on loan moratorium

The top court has sought specific reply from the Centre on the recommendations by Kamat Committee, which have been accepted and also quer...Read More

Banks sanction Rs 1.77 lakh crore to MSMEs under ECLGS

Banks sanction Rs 1.77 lakh crore to MSMEs under ECLGS

Banks have so far sanctioned over Rs 1.77 lakh crore to MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS), it was announced ...Read More

Bank frauds could hurt India 
much more than Covid-19

Bank frauds could hurt India much more than Covid-19

If you are a believer, you should read the reports of India’s policymakers. You will get a feeling that all is well. And even if all is n...Read More

Banks' NPAs in large industry, services fall 31 pc in over two years to Rs 4.36 lakh cr

Banks' NPAs in large industry, services fall 31 pc in over two years to Rs 4.36 lakh cr

On whether the non-performing assets (NPAs) of big industries and corporate houses have increased sharply as compared to small businesses...Read More

RBI asks banks to use automated IT-based system for asset classification

RBI asks banks to use automated IT-based system for asset classification

Concerned over manual identification of bad loans by some banks, the RBI on Monday asked lenders to introduce automated IT-based system f...Read More

Amid COVID-19: What will happen to Indian banks in the next 12 months?

Amid COVID-19: What will happen to Indian banks in the next 12 months?

Large Indian banks were already under the burden of economic slowdown — way before COVID-19 pandemic hit the banking system. There was a ...Read More

FPJ Edit: Worst for Indian economy is not over yet

FPJ Edit: Worst for Indian economy is not over yet

Even before the banking sector could resolve the old crisis of the non-performing assets, a fresh mountain of bad debts stares it in the ...Read More

More than Rs 10 lakh cr loans may avail restructuring benefit: Bankers

More than Rs 10 lakh cr loans may avail restructuring benefit: Bankers

According to a top official of a public sector bank, it is win-win for both lenders and borrowers.

Banks ready to lend for purchasing vehicles; no issue in terms of fund availability: Uday Kotak

Banks ready to lend for purchasing vehicles; no issue in terms of fund availability: Uday Kotak

Kotak -- Managing Director and CEO of Kotak Mahindra Bank, and President of industry grouping CII -- also urged the government to address...Read More

Key banks recapitalise via QIPs, foreign funds line up to pick stake

Key banks recapitalise via QIPs, foreign funds line up to pick stake

Accordingly, some of the biggest lenders have taken advantage of higher inflows to raise substantial funds via the Qualified Institutiona...Read More

Maha govt approves RRBs, IDBI and 15 DCCBs for transactions with depts and undertakings

Maha govt approves RRBs, IDBI and 15 DCCBs for transactions with depts and undertakings

In a major policy shift, the banks promoted by the nationalised banks or banks having majority government shareholding can now conduct tr...Read More

Punjab & Sind Bank Q1 net loss widens to Rs 117 cr on mounting bad loans

Punjab & Sind Bank Q1 net loss widens to Rs 117 cr on mounting bad loans

State-owned Punjab & Sind Bank (PSB) on Friday said its net loss widened to Rs 116.89 crore in the first quarter ended June 30, mainl...Read More

ICRA flags banks, NBFCs’ asset risks

ICRA flags banks, NBFCs’ asset risks

The six-month moratorium given by RBI ends on August 31 and the note from Icra comes on the eve of RBI's credit policy review, where the ...Read More

Banks report 84,545 fraud cases in FY20 reported during 2019-20: RBI in RTI reply

Banks report 84,545 fraud cases in FY20 reported during 2019-20: RBI in RTI reply

RTI (Right to Information) activist Abhay Kolarkar said that he had sought various banking related queries under the jurisdiction of the ...Read More

Spend 50% capex by Sep to help economy out of Covid, PSUs told

Spend 50% capex by Sep to help economy out of Covid, PSUs told

This came out from the review meeting held by Finance Minister Nirmala Sitharaman with Secretaries of Ministries of Petroleum and Natural...Read More

Teji Mandi: A bubble that the market is ignoring

Teji Mandi: A bubble that the market is ignoring

The sentiments in the market remain buoyant in line with global optimism. In between the bull run, bankers and credit rating agencies are...Read More

Banks go for stress test to assess the impact of COVID-19 on NPAs

Banks go for stress test to assess the impact of COVID-19 on NPAs

Since the quarter as well as the financial year has ended, it is prudent to undertake the stress test to have a better view of the financ...Read More

Indian companies shifting accounts to large, stable banks amid COVID crisis: Report

Indian companies shifting accounts to large, stable banks amid COVID crisis: Report

Worried about the stability of financial sector following outbreak of coronavirus, many Indian companies are shifting their accounts to l...Read More

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