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NPA sales down to a trickle of just 2% of total bad loans

Notwithstanding rising bad loan problems in the system, sale of stressed assets to asset reconstruction companies (ARCs) in 2015-16 was only a trickle of the NPA mount at 2 per cent of the total of nearly Rs 5.8 trillion, which is down a whopping 20 percent from previous year, says a report.

EPFO advisory body against collection of PF dues by private banks

EPFO advisory body against collection of PF dues by private banks

An advisory body of EPFO has rejected a proposal to engage private banks -- ICICI, Axis and HDFC Bank -- for collection of PF contribution from employers.

With 31% jump, HDFC's Aditya Puri top gainer in salary hike among private bank chiefs

With 31% jump, HDFC's Aditya Puri top gainer in salary hike among private bank chiefs

HDFC Bank's Aditya Puri saw the maximum jump in remuneration among private bank chiefs in 2015-16, with a 31 per cent growth at Rs 9.73 crore.

Know the reason behind banking strike today

A section of public sector banks' employees went on a strike across the country to protest violation of bilateral settlement agreement by associate banks of SBI.

Bank employees go on nationwide strike, operations hit partially

Bank employees go on nationwide strike, operations hit partially

Banking operations were hit partially on Friday as a section of public sector banks' employees went on a strike across the country.

Bank employees go on nationwide strike; banking services likely to be hit

Bank employees go on nationwide strike; banking services likely to be hit

All India Bank Employees' Association (AIBEA) has called for a one-day nation-wide strike on Friday (January 8) to protest against the "unfair" policies adopted by SBI with respect to its five associate banks.

Banks enter 2016 with $60 billion red ink on books

Banks enter 2016 with $60 billion red ink on books

As a New Year begins, it's not a clean slate for the banks with balance sheets full of red ink due to huge bad loans worth about USD 60 billion and a serious clean-up job is a must in 2016 with the RBI having set a deadline.

 

Govt announces FDI reforms in 15 sectors

After facing humiliating defeat in the Bihar assembly elections, Narendra Modi government on Tuesday allowed FDI through automatic route in 15 sectors including the construction, civil aviation, banking, defence, retail and news broadcasting.

SBI chief says crisis year lending by PSBs helped pvt banks

State Bank of India chief Arundhati Bhattacharya Monday said state-run lenders' risk-taking during the crisis years is helping private sector lenders report healthy asset growth by "cannibalising" the completed projects.

Axis Bank's mobile transactions double in June

Third-largest private sector lender Axis Bank Tuesday reported doubling of its number of mobile transactions for June, with the total value touching the Rs 2,400 crore mark.

Kotak Bank bullish on corporate loans, eyes up to 20% growth

Even as big-ticket loan demand continues to be tepid, private sector lender Kotak Mahindra Bank is confident of maintaining up to 20 per cent growth in corporate loan book this financial year.

BSE Sensex falls, RBI stress test shows likely jump in bad loans for private banks

The RBI also said the probability of slippage of state electricity boards` exposure to bad loans is very high considering the implementation of new regulatory norms effective April 1, 2015.

Lakshmi Vilas Bank raises deposit rates by 1%

The bank, which had a low share of the cheaper current and savings account deposits at 16.7 percent as of March, will offer 5 percent interest on saving bank deposits of up to Rs 5 lakh, it said in a statement.

ICICI Bank to focus on leveraging technology: Kochhar

"We have leveraged our technology capabilities to facilitate faster and convenient processes, create best-in-class technology platforms and reduce transaction costs.

Private banks can pay up to Rs 10 lakh to non-exec directors: RBI

In a bid to attract professional talent, the RBI Monday allowed private sector banks to pay up to Rs 10 lakh per annum as compensation to non-executive directors besides sitting fee for attending board meetings.

IBA to sign wage revision pact with banks unions on Monday

Bank unions will be formally signing the new wage revision agreement with the industry body Indian Banks Association (IBA) on Monday, one of the heads of the unions said today.

ICICI, HDFC Bank cut bulk deposit rates by up to 0.25%

ICICI, HDFC Bank cut bulk deposit rates by up to 0.25%

Fixed deposit rate of maturity between 121-150 days has been revised downward to 8 per cent from 8.25 per cent earlier.

Private banks to hike fines, charges from April 1

Starting April 1, many private banks like HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank have announced a hike in charges ahead of the new rules kicking in for penalty on non-maintenance of minimum average balance in savings accounts.

Govt should engage more private banks in subsidy schemes: Assocham

More private sector banks should be engaged in the agency business of the central and state governments for speedy implementation of various subsidy schemes, according to industry body Assocham.

Govt should engage more pvt banks in subsidy schemes:Assocham

More private sector banks should be engaged in the agency business of the central and state governments for speedy implementation of various subsidy schemes, according to industry body Assocham.