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PSB losses on higher provisioning, will provide more funds: Finance Minister

PSB losses on higher provisioning, will provide more funds: Finance Minister

New Delhi: Committing to provide more funds for recapitalisation of state-owned banks, Finance Minister Arun Jaitley on Monday said that cumulative losses of Rs 18,000 crore suffered by them last fiscal were mainly on account of higher provisioning for bad loans.

Two years of Modi government: Key tasks yet to be fulfilled!

Two years of Modi government: Key tasks yet to be fulfilled!

As Narendra Modi led National Democratic Alliance (NDA) government completes two years in office, we are evaluating the promises fulfilled and those still incomplete here. 

Shocking: One-third of a bank stock you buy is going away as bad loan!

Shocking: One-third of a bank stock you buy is going away as bad loan!

It's not hidden from anyone that the Indian banking sector is in a great mess. The earnings numbers from the 25 banks for FY16 have clearly shown that the scenario is not very encouraging.

NPAs may rise to 6.9% under severe stress scenario: Finance Ministry

NPAs may rise to 6.9% under severe stress scenario: Finance Ministry

Attributing mounting bad loans to economic sluggishness, Finance Ministry's annual report has said gross non-performing assets (GNPAs) of banks could soar to 6.9 per cent by March 2017 in a "severe stress scenario".

Bank employees union calls for nationwide strike on Aug 29

Bank employees union calls for nationwide strike on Aug 29

An umbrella body of bank unions has called for a nationwide strike on August 29 to protest against the government's banking reforms.

Risk-pricing must improve for better asset quality, says Kotak

Stating that there is an urgent need to arrest rising bad loans, Uday Kotak, head of Kotak Mahindra Bank, today said the problem arose as bankers excessively focussed on collaterals and not the cash flow prospects of the funded projects.

OBC savings account holders to earn interest on monthly basis

A month after RBI's advisory to banks on crediting interest at a shorter interval, state-owned Oriental Bank of Commerce (OBC) on Friday said it has started doing that on monthly basis for savings account holders.

Vodafone laying the groundwork for its IPO

Vodafone laying the groundwork for its IPO

British telecom firm Vodafone today said it is doing the groundwork for a potential IPO of its Indian arm and holding private discussions with banks, but no decision has been taken as of now.

Expert advice on Banking sector

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

Antim Baazi : Stock Update Banking Sector

Zee Business, India's first 24-hour Hindi business channel, was conceived to offer 'information' and 'insight' and bring business and economy coverage to you in your own language.
Take a look at the below given playlists and check out the videos:

Antim Baazi : Expert View on Banking Sector

Zee Business, India's first 24-hour Hindi business channel, was conceived to offer 'information' and 'insight' and bring business and economy coverage to you in your own language.
Take a look at the below given playlists and check out the videos:

Avendus-KKR deal reopens old trend: i-banks diversification

Since the late 1990s and early 2000, many brokerages began to diversify and became financial services firms to minimise risks.

Have initiated reforms to improve banking sector: PM Modi

Have initiated reforms to improve banking sector: PM Modi

The Prime Minister said the entire banking sector is undergoing major transformation with the advent of latest technology.

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.