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16 of 22 PSU banks skip dividend in FY16 on mounting NPAs

16 of 22 PSU banks skip dividend in FY16 on mounting NPAs

Saddled with mounting bad loans, as many as 16 public sector banks, including PNB, BoB and Canara Bank, skipped paying dividend in 2015-16, leading to three-fold decline in government receipts to Rs 1,444.6 crore.

RBI says deadline for banks to clean up books 'stands' at March 2017

RBI says deadline for banks to clean up books 'stands' at March 2017

Reserve Bank deputy governor N S Vishwanathan today said the deadline for banks to clean up their balance sheet 'stands' at March 2017, even as its governor Urjit Patel hinting at pragmatic approach in dealing with NPAs.

SBI board clears merger of 5 associate banks, BMB with itself

SBI board clears merger of 5 associate banks, BMB with itself

In a bid to create global size bank, the board of State Bank of India on Thursday approved scheme of merger of five associate lenders and Bharatiya Mahila Bank (BMB) with itself while protecting the interest of the existing staff.

After Donald Trump, another Republican Party member mocks Indian accent, calls it 'hardest to understand'

Stoking controversy, Republican governor of US state of Maine Paul LePage has said that Indian workers were the "worst" and the "hardest" ones to understand.

'RBI has less stringent norms on systemically important banks'

RBI has recently identified the state-owned SBI and private lender ICICI Bank as D-SIBs and subjected them to higher levels of supervision to prevent disruption to financial services in the event of any failure.

IBA issues advisory to banks on use of Windows XP

Banking industry body Indian Banks Association (IBA) has issued an advisory to banks to ensure business continuity after Microsoft ends support for its popular Windows XP operating system on April 8, 2014.

Banking assets need to grow to Rs 288 trillion by 2020: RBI

The Reserve Bank Thursday said the banking industry needs to grow to an estimated Rs 288 trillion (lakh crore) by 2020 from about Rs 115 trillion in 2012 to support the economic growth as envisaged in the 12th Plan.

Cost of banking clean-up hits Deutsche and UBS anew

The cost of cleaning up the banking industry dominated third-quarter results from Deutsche Bank and UBS on Tuesday, with both banks taking unexpected hits for potential legal costs that overshadowed their day-to-day performance.

Chidambaram for merger of banks to create 2-3 global entities

Finance Minister P Chidambaram Monday favoured mergers in the banking industry so that India can have two-three global sized banks.

Jefferies says banks going nowhere

Jefferies believes banks with strong branch expansion like HDFC Bank, ICICI, and Axis could face smaller problems.

Attrition in banking industry may rise in future: RBI

Reserve Bank of India Deputy Governor, K C Chakrabarty on Monday said Indian banking system may increasingly face the problem of staff- attrition in the period ahead and banks will have to gear up to tackle the issue.