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Private banks shun ARC route to offload bad assets

Last Updated: Sunday, April 27, 2014, 13:51

Even as the public sector banks have made a beeline to dispose of their bad loans to the asset reconstruction companies (ARCs) in the March quarter, private banks are not only unenthused in adopting this route, but have virtually shunned this.

Private banks at high risk of losing customers: IBM study

Last Updated: Thursday, March 13, 2014, 13:48

Private sector banks in India are at a greater risk of losing their customers on account of non-satisfactory services as compared to public sector banks, says a study by technology giant IBM.

MS 'overweight' on pvt banks, says asset quality risks ebbing

Last Updated: Monday, March 10, 2014, 22:12

"As the economy starts stabilising, the risk of another leg down in asset quality is low in our view," the American brokerage said in a report here.

RBI permits foreign banks' subsidiary to acquire pvt banks

Last Updated: Wednesday, November 06, 2013, 21:08

The Reserve Bank of India Wednesday permitted wholly-owned subsidiary (WOS) of foreign banks to acquire domestic private sector banks as well as set up branches anywhere in the country.

Q4 Scorecard: PSBs continue downslide, pvt banks shine again

Last Updated: Sunday, May 26, 2013, 17:32

Private lenders also fared much better during the January-March quarter when it came to growth in loans and deposits, as also asset recoveries despite weak economy and choking credit demand.

Three top private banks accused of money laundering

Last Updated: Thursday, March 14, 2013, 16:06

The country's three largest private banks were on Thursday accused of indulging in money laundering both within and outside with an online portal claiming that a sting operation conducted by it has revealed a scam.

New private banks to boost financial inclusion: Central Bank

Last Updated: Friday, March 08, 2013, 21:28

The Reserve Bank move to award new banking licences to corporates will help promote the government's financial inclusion initiative, Central Bank of India said Friday.

Private banks detect maximum fake notes: Finance ministry

Last Updated: Tuesday, February 26, 2013, 17:09

Private banks operating in the country have detected and processed the maximum number of counterfeit currency instances in banking channels surpassing both public sector and foreign banks by a huge margin, an official report of the Finance Ministry has said.

Bankers seek slew of tax incentives in next Budget

Last Updated: Tuesday, January 08, 2013, 23:01

Bankers have demanded tax sops like increasing the TDS limit on fixed deposit to Rs 25,000, incentives for investment in infrastructure bonds and a reduction in the lock-in period for tax saving deposits to three years.

FMCG, pharma, private banks to remain in focus in 2013

Last Updated: Tuesday, January 01, 2013, 14:40

In terms of sectoral performance, BSE banking index was the top gainer, followed by real estate index which saw a smart jump of 52.52 percent last year after suffering massive fall in 2011.

Asset quality deteriorates @ PSU banks

Last Updated: Tuesday, November 20, 2012, 16:30

While private sector banks continue to deliver good results, PSU banks have disappointed on earnings front.

Most banks to work full day on Saturday

Last Updated: Friday, April 06, 2012, 18:28

After three holidays this week, all public sector and many private banks would function full day on Saturday.