ICRA sees NPAs jumping to 5.9% by March from 4.4% in FY15

The banking sector is likely to end the current fiscal with increased gross non-performing assets (NPAs) at 5.3-5.9 percent, primarily due to the withdrawal of the regulatory forbearance on restructured advances by the Reserve Bank from this April, ratings agency Icra said Wednesday.

Payments banks could make banking sector be a 'dog-eat-dog' market: SBI chief

State Bank of India (SBI) chief Arundhati Bhattacharya Monday again expressed fears over the entry of payments banks, saying they are agile and have an edge as they are not bound by industry-level wage agreements which can lead to 'a dog-eat-dog's world'.

Challenging times for banking sector: RBI

Indian banking sector is going through challenging times, characterised by low credit, impairment of assets and low profitability, RBI deputy governor H R Khan said Sunday.

Infusion of Rs 70,000 cr in PSBs will fuel economic gowth: FICCI

Welcoming government's plan to recapitalise public sector banks with infusion of Rs 70,000 crore over the next four years, FICCI Monday said it augurs well for the banking sector and will help fuel economic growth.

Indebted firms constraining bank lending: RBI report
Indebted firms constraining bank lending: RBI report

The ability of India`s debt-burdened firms to repay their debts has worsened as leverage has increased, straining a banking sector burdened by bad loans, according to a report released by the Reserve Bank of India on Thursday.

India on marathon path; markets don't need steroids: Kotak

Kotak also said that one of the biggest challenges today was the history of excessive leverage by India Inc.

Banking sector likely to witness up to 25% increase in hiring

There will be a significant increase in the salary at mid and senior levels, with most of the companies expanding their portfolio in the sector to retain the talent and compensation and increment rate can go anywhere between 10-15% for top performers.

Banking, securities cos' IT spends to rise 15% to Rs 53,600 cr

IT spends by domestic banking and securities companies may grow by 15 percent to Rs 53,600 crore this year and rise further on expectations of more companies using RBI's 'on-tap' bank licensing, global technology consultancy Gartner said Tuesday.

Bank of Baroda net plunges 48% on provisioning; stock up 17% on asset quality

The scrip rallied a massive 16.9 percent to Rs 169.65 on the BSE which jumped 1.5 percent to 27,507.30.

State Bank of Bikaner & Jaipur Q4 Net up 18% at Rs 280 crore

The bank's total income during the quarter under review rose by 7.36% to Rs 2,634.66 crore from Rs 2,453.94 crore in the previous fiscal.

Equifax appoints HSBC's Manish Sinha to head country ops

Sinha, appointed as the managing director and country head for Equifax, will be focusing on retail banking as the head of consumer assets and customer value management.

Banking sector frauds have gone up by over 10%: Deloitte

The number of frauds in the banking sector have increased by more than 10 percent over the last two years, with retail banking witnessing highest number of incidents, says a report by consultancy firm Deloitte.

Late sell-off drags Sensex into red; banking stocks worst hit

The Sensex Thursday closed 152 points down on a late sell-off in bluechips, after rising over 350 points earlier in the session as a dovish Fed stance cooled expectations of an earlier-than-expected US rate hike.

Economic Survey suggests '4-D model' for banking sector

The Economic Survey has prescribed a '4-D model' for the banking sector to face competition in the changed environment.

India Ratings says capital raising big concern for banks in FY16

Domestic rating agency India Ratings on Thursday said the primary cause of concern for the banking sector will shift to capital raising in 2015-16, away from the asset quality woes, which may subside as the economy picks up.

ECB says banking sector continuing to heal, slowly

Europe`s battered financial sector is showing further signs of healing as conditions for bank loans ease and demand for loans picks up, a key ECB survey showed on Tuesday.

Swiss franc surge rocks currency brokers, burns banks

The surprise surge in the Swiss franc left currency brokers and banks worldwide licking their wounds on Friday, with at least two brokers declaring insolvency and others warning of heavy losses.

Zee Media exposes meat exporter Moin Qureshi

Hawala operator Moin Qureshi stands exposed by Zee Media.

After Rajan, PSU banks' heads now question farm debt waivers

Last month, the RBI Governor had said that debt waiver schemes have constrained flow of credit to farmers.

Govt not to interfere in working of state-owned banks: PM Modi

Prime Minister Narendra Modi pledged not to interfere in the functioning of public sector banks, but wanted the lenders to be accountable failing which interventions in public interest could be made.