banks

Let banks recover dues from personal assets of defaulters: Bank unions

Bank unions have called up on finance minister Nirmala Sitharaman to enact strong recovery laws with a provision to confiscate personal a...Read More

RBI directs banks to withdraw NEFT system and RTGS system charges with effect from July 1

RBI directs banks to withdraw NEFT system and RTGS system charges with effect from July 1

The Reserve Bank levies "minimum charges" on banks for transactions routed through its RTGS and NEFT, and banks, in turn, levy charges on...Read More

RBI eases no-frills a/c norms

RBI eases no-frills a/c norms

Banks will now provide cheque books and other facilities to basic account holders, with the Reserve Bank of India relaxing the norms on M...Read More

Lenders take 57 pc haircut in 94 cases worth Rs 1.75 tn

Mumbai: Banks have taken a huge 57 pc haircut in the 94 large accounts worth Rs 1.75 L cr which were resolved in FY19, recovering just Rs...Read More

IL&FS, Reliance Capital defaulters can be classified AS NPAs

IL&FS, Reliance Capital defaulters can be classified AS NPAs

Mumbai: Insurance companies, like banks, will also have to make full provisions for their defaulting exposure to cash-strapped IL&FS ...Read More

Who does one believe, banks or PM Narendra Modi, asks Vijay Mallya

Who does one believe, banks or PM Narendra Modi, asks Vijay Mallya

New Delhi: Fugitive Businessman Vijay Mallya on Thursday cited a statement made by Prime Minister Narendra Modi while taking a dig at him...Read More

Banks to upgrade its Point of Sale in the wake of 2g phase out

Hyderabad: In the wake of 2G spectrum and services being phased out, banks need to upgrade their Point of Sale (POS) machines to advanced...Read More

Reserve Bank of India cuts key interest rate by 0.25%, brings it down to 6 per cent

Reserve Bank of India cuts key interest rate by 0.25%, brings it down to 6 per cent

Mumbai: The Reserve Bank of India on Thursday cut benchmark interest rate by 0.25 per cent for the second time in a row to bring interest...Read More

The trials and tribulations of financial markets in India

The trials and tribulations of financial markets in India

Over the past few years, the Indian financial sector – especially banks have been under stress. While many non-banking financial companie...Read More

Vijay Mallya cites PM Narendra Modi’s remark to affirm recovery of all bank dues

New Delhi: Fugitive liquor baron Vijay Mallya on Sunday quoted an interview of Prime Minister Narendra Modi to assert that the government...Read More

Banks need Rs 20 Lakh-crore deposits for credit growth

Banks need Rs 20 Lakh-crore deposits for credit growth

Mumbai: The jump in credit growth will require banks to raise over Rs 20 lakh crore in deposits by March 2020 and may also push up intere...Read More

Banks to see Rs 2,000,00-crore dud loans in two years

Banks to see Rs 2,000,00-crore dud loans in two years

Mumbai: Stressed loan pool of Rs 1.5-2 lakh crore of Indian banks may turn non-performing by September 2020, India Ratings and Research s...Read More

Other banks soon to be out of PCA framework of RBI, says Piyush Goyal

New Delhi: A day after three PSU banks were removed from Prompt Corrective Action (PCA) framework of the RBI, Finance Minister Piyush Goy...Read More

Don’t be excessively conservative for credit: RBI GUV to PSBs

Don’t be excessively conservative for credit: RBI GUV to PSBs

New Delhi: Reserve Bank of India Governor Shaktikanta Das on Monday asked banks to extend credit while observing prudential norms without...Read More

Norms for new players’ entry in retail payment to be relaxed

Norms for new players’ entry in retail payment to be relaxed

Mumbai: The Reserve Bank of India (RBI) on Monday proposed to relax norms for entry of new players in the retail payment systems with a v...Read More

RBI defers capital buffer norms by a year; leaves Rs 37,000 cr in hands of banks

Mumbai: The Reserve Bank on Thursday deferred the implementation of the last tranche of Capital Conservation Buffer (CCB) by a year, a mo...Read More

Banks’ FY18 gross bad loans hit Rs 10.39L-cr

Banks’ FY18 gross bad loans hit Rs 10.39L-cr

Mumbai: System-wide gross non-performing assets of banks rose to 11.2 per cent or at Rs 10.39 trillion (lakh crore) in FY18 from 9.3 per ...Read More

Year of Exits: Borrowers left as loans went kaput; CEOs forced to leave and RBI chief quits too

Year of Exits: Borrowers left as loans went kaput; CEOs forced to leave and RBI chief quits too

New Delhi: First, loans went kaput and borrowers left the country after defaulting on payments or committing frauds, then high-profile ba...Read More

Recapitalise banks and unchain them

Not unlike the periodic debt relief to farmers, we have to come to terms with the provision of equally large sums as relief to distressed...Read More

Supplementary Demands for Grants provide for Rs.41,000 crore for recap of PSBs

Supplementary Demands for Grants provide for Rs.41,000 crore for recap of PSBs

New Delhi: The government on Thursday presented in the Lok Sabha the second supplementary demands for grants for 2018-19 for gross additi...Read More