india's-banking-sector - Latest News on india's-banking-sector | Read Breaking News on Zee News

'Gross NPAs of banks to touch 5% by March-end'

Last Updated: Thursday, January 16, 2014, 17:23

The country's banking sector could witness tough times ahead with gross non-performing assets (NPAs) expected to touch 5 percent of total loans by March this year, according to an Assocham study.

Growth in banking sector a great achievement: Chidambaram

Last Updated: Monday, December 23, 2013, 13:54

The celebration function is being organised for the first time outside the metro cities.

US business body welcomes Indian banking sector reform

Last Updated: Saturday, November 09, 2013, 11:28

The US business body has welcomed the new RBI rules governing access for foreign banks operating in India, describing the move as a positive step and called for opening up of other areas in particular the insurance sector.

Poor are more trustworthy and bankable, says Chidambaram

Last Updated: Tuesday, October 01, 2013, 21:46

Seeking to promote financial inclusion, Finance Minister P Chidambaram today called upon banks to focus on poor customers who are more trustworthy and "bankable" as compared to large borrowers.

New RBI chief Rajan raises hopes with action plan

Last Updated: Thursday, September 05, 2013, 09:22

New Reserve Bank of India (RBI) chief Raghuram Rajan kicked-off his term with a bang, announcing a spate of measures to support the embattled rupee and unveiling a raft of steps to liberalise financial markets and the banking sector.

Rising bond yields impact over Rs 40,000 cr for banking sector

Last Updated: Monday, August 19, 2013, 18:36

The spurt in bond yields to 9 percent on the 10-year gilt is expected to hurt the banking sector by Rs 40,000-45000 crore due to depreciation in bond portfolios, a top official of Union Bank of India said.

New banks to increase inclusion, create new jobs: Survey

Last Updated: Thursday, July 04, 2013, 14:06

The Reserve Bank's decision to allow new players in the banking sector would result into improvement in efficiency, increase in capital base to meet the credit needs of the economy and generate huge employment opportunities, says a survey by industry chamber Ficci.

Govt to open 7,000 new bank branches every year: Chidambaram

Last Updated: Monday, April 29, 2013, 16:11

He said that he expected that by the end of March 2014, all banks in the country would have an ATM facility.

Rising demand for new bank branches: Chidambaram

Last Updated: Friday, March 29, 2013, 13:35

Finance Minister P Chidambaram on Friday said there was a rising demand for opening bank branches and expressed confidence the bankers would respond positively to it.

IMF cautions on allowing biz houses into banking space

Last Updated: Thursday, January 17, 2013, 16:13

At a time when Indian corporates are keenly awaiting final guidelines for their entry into commercial banking, multilateral agency IMF has cautioned that risks related to allowing industrial houses to promote or own banks might "outweigh" the benefits.

Cos approach banks for recast of over Rs 28,000 cr debt in Q2

Last Updated: Tuesday, December 06, 2011, 15:37

The economic slowdown has started taking a toll on the banking sector.

Allowing corporates in banking may pose self-dealing risks: RBI

Last Updated: Wednesday, August 24, 2011, 00:05

Amid debate over whether business houses should be allowed to to set up banks or not, the Reserve Bank Governor D Subbarao today said that entry of corporates into the banking space could open up opportunities for "self-dealing" and use of bank money for own needs.