Indian Banks

Stake sale in insurance arms to help banks on bad loans: Moody's

Earlier this week, state-run SBI Life Insurance (SBI Life) completed its initial public offer (IPO) issue, while the privately-run ICICI Lombard did the same last week.

Oct 05, 2017, 18:27 PM IST
Banks need $65 billion additional capital to meet Basel III norms: Fitch

Banks need $65 billion additional capital to meet Basel III norms: Fitch

Weak capital positions have a major negative influence on the banks' viability ratings which will come under more pressure if the problem is not addressed, it added.

Sep 12, 2017, 13:31 PM IST
Indian banks need $65 billion capital to meet Basel rules by March 2019: Fitch

Indian banks need $65 billion capital to meet Basel rules by March 2019: Fitch

That is far above the $11 billion in capital infusions into state-run lenders the government has budgeted through March 2019.

Sep 12, 2017, 12:16 PM IST
Modi govt's landmark economic reforms since last Independence Day

Modi govt's landmark economic reforms since last Independence Day

These historic reforms stunned the people nation-wide. Not only it gave new heights to Indian economy but also paved way towards global recognition.

Aug 15, 2017, 17:44 PM IST
India to grow 6.5-7.5% over 12-18 months: Moody's

India to grow 6.5-7.5% over 12-18 months: Moody's

According to the estimates of the US-based agency, the economy will grow 7.5 percent in 2016-17 and 7.7 percent in 2017-18.

Jul 31, 2017, 12:18 PM IST
Nine out of 21 public sector banks reported losses in FY17

Nine out of 21 public sector banks reported losses in FY17

Nine of the 21 public sector banks, including IDBI Bank and Indian Overseas Bank, reported losses during 2016-17, the parliament was informed on Tuesday.

Jul 18, 2017, 15:28 PM IST
'Indian banks need at least $2.8 billion extra provisioning for bankruptcy cases'

'Indian banks need at least $2.8 billion extra provisioning for bankruptcy cases'

Indian banks taking 12 of the country`s largest defaulters to bankruptcy court under a central bank directive, will need to make additional provisioning of at least Rs 180 billion ($2.8 billion), India Ratings and Research said on Tuesday.

 

Jul 18, 2017, 13:32 PM IST
Demonetisation has brought nation 3 years ahead in digital payments: SBI Ecoflash

Demonetisation has brought nation 3 years ahead in digital payments: SBI Ecoflash

Demonetisation has brought the nation at least three years ahead in digital payments, SBI Ecoflash stated in its latest issue published on Thursday.

Jul 13, 2017, 18:40 PM IST
Finance Ministry for extending RBI deadline on Basel III norms

Finance Ministry for extending RBI deadline on Basel III norms

The finance ministry has made a case for pushing back the Reserve Bank's deadline for implementing Basel III banking norms in view of higher capital requirement to deal with bad loans which have reached unacceptable levels.

Jun 26, 2017, 18:35 PM IST
Banks need Rs 95K crore capital, stressed assets to rise: Moody's

Banks need Rs 95K crore capital, stressed assets to rise: Moody's

Stressed assets of Indian banks will increase through 2019 and capitalisation will remain a key credit weakness for state-owned lenders which will need up to Rs 95,000 crore additional capital over the next two years.

Jun 08, 2017, 15:42 PM IST
USL to start selling properties previously owned by Vijay Mallya

USL to start selling properties previously owned by Vijay Mallya

United Spirits Ltd (USL) plans to sell 13 properties, earlier owned by its former Chairman and promoter Vijay Mallya, who has failed to buy back within an agreed deadline.

May 30, 2017, 23:53 PM IST
Vijay Mallya arrest: Legal process for extradition underway, says government

Vijay Mallya arrest: Legal process for extradition underway, says government

After liquor baron Vijay Mallya, wanted in India for defaulting on bank loans of over Rs 8,000 crore, was arrested and granted bail in London on Tuesday, the Indian government said the legal process for his extradition is underway in Britain.

Apr 18, 2017, 19:37 PM IST
Govt plans to change security marks of banknotes every 3-4 years

Govt plans to change security marks of banknotes every 3-4 years

To check counterfeiting, the government plans to change security features of higher denomination banknotes of Rs 2,000 and Rs 500 every 3-4 years in accordance with global standards.

Apr 02, 2017, 12:00 PM IST
Banks need Rs 91,000 crore capital to sustain 8-9% growth: Ind-Ra

Banks need Rs 91,000 crore capital to sustain 8-9% growth: Ind-Ra

Indian banks will require Rs 91,000 crore in tier-1 capital till March 2019 to sustain a minimum annual growth rate of 8-9 percent, according to a report by India Ratings and Research (Ind-Ra).

Feb 15, 2017, 17:35 PM IST
Centre forms panel to assess status of  Rs 5,00 and Rs 1,000 note ban

Centre forms panel to assess status of Rs 5,00 and Rs 1,000 note ban

The Centre on Tuesday constituted a committee comprising Additional Secretaries, Joint Secretaries and Directors to know the status of implementation of its recent decision to scrap 500 and 1000 rupees currency notes.

Nov 22, 2016, 15:11 PM IST
'Bachelors' in BJP did not realise it was wedding season: Ramdev's humorous take on Centre's currency ban

'Bachelors' in BJP did not realise it was wedding season: Ramdev's humorous take on Centre's currency ban

While the Centre has taken a number of calibrated measures aimed at easing the pressure on the common man, its decision to ban the old currency notes of Rs 500 and 1000 has still affected some families organising weddings this season.

Nov 18, 2016, 19:04 PM IST
Rahul Gandhi joins queue outside Delhi ATM 'in support of people'

Rahul Gandhi joins queue outside Delhi ATM 'in support of people'

Congress vice president Rahul Gandhi on Friday joined the common public, which had lined up outside the bank ATMs to exchange old currency notes, days after the Centre's announcement on demonetisation.

Nov 11, 2016, 16:13 PM IST
Don't panic, your money is safe, says Centre; there's enough cash, assures RBI

Don't panic, your money is safe, says Centre; there's enough cash, assures RBI

Both Centre and the RBI cautioned people on Friday not to panic and have some patience days after the demonetisation decision was announced.

Nov 11, 2016, 15:09 PM IST
Demonetisation of currency: Events as they unfolded on November 10, 2016

Demonetisation of currency: Events as they unfolded on November 10, 2016

In a big relief for common man, banks re-opened on Thursday to dispense new notes in exchange for old Rs 500 and Rs 1,000 notes.

Nov 10, 2016, 09:50 AM IST

Indian banks need to adopt fully-encrypted ATM security solutions

This incident is a wake-up call for the Indian banking ecosystem to pause and realise that adopting extra-layered, state-of-the-art encryption security to minimise consumer financial data breach has become essential.

Oct 26, 2016, 13:16 PM IST