banks

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

Twitterati come out in support of public sector bankers, say #StopPrivatization

Twitterati come out in support of public sector bankers, say #StopPrivatization

Today, the public sector bankers are raising their voice on Twitter against privatisation of Public Sector Banks (PSBs). According to a r...Read More

Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 yrs: Fitch

Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 yrs: Fitch

The impact of forced lending on banks' impaired-loan ratios can be anywhere between 200 and 600 basis points (bps), depending on the seve...Read More

Banks to face tough time reporting bad loans, restructuring to increase

Banks to face tough time reporting bad loans, restructuring to increase

The Centre has suspended the admission of fresh applications for insolvency proceeding against any company. Further, the debt occurring ...Read More

Indore Management Association Webinar: Banks, businesses in sync with new digital era, Rajeev Kumar, Deputy General Manager of SBI

Indore Management Association Webinar: Banks, businesses in sync with new digital era, Rajeev Kumar, Deputy General Manager of SBI

Senior banker Kumar said in the lock-down period, many have already seen a business in manufacturing of medical equipment like PPE kits, ...Read More

Supreme Court pulls up Centre and the RBI over levying interest during moratorium

Supreme Court pulls up Centre and the RBI over levying interest during moratorium

The Supreme Court of India, has issued notices to the Centre and the Reserve Bank of India (RBI) over charging of interest on loans durin...Read More

RBI moratorium extension: Bank and NBFC stocks feel jittery

RBI moratorium extension: Bank and NBFC stocks feel jittery

Bank and NBFC stocks on Friday tumbled up to 6 per cent after the Reserve Bank of India (RBI) extended moratorium on loan repayments."Mar...Read More

Stimulus package fails to involve banks as frontline warriors in economic revival: Satish Marathe

Stimulus package fails to involve banks as frontline warriors in economic revival: Satish Marathe

The stimulus package is "imaginative and forward looking, yet fails to involve banks as frontline warriors in revival of economy," Satish...Read More

Teji Mandi: Learning from the past, banks unwilling to lend amid the coronavirus pandemic

Teji Mandi: Learning from the past, banks unwilling to lend amid the coronavirus pandemic

The Indian banking system is likely to see a spike in asset quality deterioration as a result of ongoing economic disruption. RBI's recen...Read More

Banks can't pay dividend for FY20 till further notice

Banks can't pay dividend for FY20 till further notice

"It is imperative that banks conserve capital to retain their capacity to support the economy and absorb losses in an environment of heig...Read More

Coronavirus update: No social distancing in banks

Coronavirus update: No social distancing in banks

Speaking to The Free Press Journal, Devidas Tuljapurkar, General Secretary, MSBEF, said, “We have written to the Chief Minister of Mahara...Read More

‘Banks, NBFCS to see rise in FY21 stresses assets’

‘Banks, NBFCS to see rise in FY21 stresses assets’

The spike in reported non-perfoming assets (NPAs) would be reflected over the next few quarters, rating agency Icra said.

Coronavirus in India: Banks urge customers to go digital; avoid physical visits to bank

Coronavirus in India: Banks urge customers to go digital; avoid physical visits to bank

For non-essential services, bank representatives urged customers to opt for mobile and online banking channels

RBI measures will improve confidence in financial system'

RBI measures will improve confidence in financial system'

Presently, despite the measures taken to infuse liquidity, banks have been reluctant to lend while demand too has been muted.

How will RBI's repo rate cut, other monetary policies help the economy? Hear it from the industry experts

How will RBI's repo rate cut, other monetary policies help the economy? Hear it from the industry experts

In the wake of coronavirus outbreak, RBI Governor Shaktikanta Das announced slew of measures to keep the economy afloat during trying tim...Read More

From cash transactions to clearing cheques: How banks will provide essential services during the lockdown amid coronavirus outbreak

From cash transactions to clearing cheques: Banks will provide essential services during lockdown amid coronavirus outbreak

Following a high level meeting on Sunday, officials have decided to put 75 districts from where individuals have tested positive for the ...Read More

Banks, select financial institutions report frauds involving Rs 1,13,374 crore in H1 FY20: FM

Banks, select financial institutions report frauds involving Rs 1,13,374 crore in H1 FY20: FM

In a written reply to a question in the Lok Sabha, the minister said the government in 2015 had issued 'Framework for timely detection

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