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NBFCs' bad loans jump to 1.9% in FY14; advances growth down 57%

Last Updated: Wednesday, July 16, 2014, 18:16

Going by the 90-day due rule, which qualifies an asset as bad for commercial banks, delinquencies increased to 4.5 percent as of March 2014 as against 3.6 percent in the year-ago period, it said.

Black money: Over Rs 1 lakh cr illegal income detected

Last Updated: Wednesday, July 16, 2014, 16:51

Government has detected over Rs one lakh crore of undisclosed income in the last financial year, a figure more than double as compared to the search and seizure action undertaken by the Income Tax department during 2012-13 to check black money.

Large number of banks can co-exist with few big ones: Kochhar

Last Updated: Tuesday, July 15, 2014, 17:18

As new players get ready to join India's banking space, top banker Chanda Kochhar feels there is space for a few large banks and a large number of other lenders to cater to the country's banking needs.

Banks working on setting up 'Rural ATMS': RBI

Last Updated: Monday, July 14, 2014, 22:01

Banks are working on setting up 'Rural ATMs' for dispensing currency notes of smaller denominations, RBI's Deputy Governor R Gandhi said Monday.

FinMin examining issues concerning merger of PSU banks: Sandhu

Last Updated: Saturday, July 12, 2014, 17:54

Finance Ministry on Saturday said it is examining various issues pertaining to mergers of public sector banks and that there will be some forward movement in the current year itself.

Number of EU banks down in 2013: ECB

Last Updated: Friday, July 11, 2014, 21:57

The number of domestic banks and credit institutions in Europe and the eurozone declined in 2013, confirming a downtrend seen for a number of years, new data showed on Friday.

Swamy apprises Prez about his `findings` on black money

Last Updated: Thursday, July 10, 2014, 15:27

BJP leader Subramanian Swamy Thursday met President Pranab Mukherjee and apprised him of his "findings on the black money deposits of Indian politicians abroad," according to a statement issued by him.

Swamy apprises Prez about his `findings` on black money

Last Updated: Thursday, July 10, 2014, 15:27

BJP leader Subramanian Swamy Thursday met President Pranab Mukherjee and apprised him of his "findings on the black money deposits of Indian politicians abroad," according to a statement issued by him.

PSU banks stock down after Budget announcement

Last Updated: Thursday, July 10, 2014, 13:10

Shares of public sector banks declined by as much as 4.3 percent after Finance Minister Arun Jaitley Thursday said the lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms.

No proposal to dilute govt ownership in PSBs below 50%: Govt

Last Updated: Tuesday, July 08, 2014, 19:21

The government on Tuesday said there is no proposal to dilute its ownership in public sector banks (PSBs) below 50 percent.

Over Rs 5,000 cr lying unclaimed with banks

Last Updated: Tuesday, July 08, 2014, 18:51

Banks had Rs 5,124 crore in unclaimed deposits lying with them as of December 31, 2013, Parliament was informed Tuesday.

No list of Indians holding money in Swiss banks: FM

Last Updated: Tuesday, July 08, 2014, 18:48

India has been told four days ago that there is no list of Indian tax residents holding assets in Swiss Banks in their own name or through structures, the Rajya Sabha was informed Tuesday.