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Poor show by banks, private investors challenge to growth: Arun Jaitley

Union Finance Minister Arun Jaitley on Saturday said that poor performance by private investors and banks still remains a challenge for the Indian economy.

Agency banks, RBI offices to remain open on all days till April 1

Agency banks, RBI offices to remain open on all days till April 1

The Reserve Bank of India (RBI) has asked all agency banks -- all public sector banks and some private banks -- to remain open on all days between March 25 and April 1.

Banking operations affected pan-India due to strike

Banking operations affected pan-India due to strike

In the first major organised protest against the government`s "anti-people banking reforms", 10 lakh bank employees and officials staged a strike on Tuesday, bringing banking operations across the country to a halt.

China approves five new private banks: total goes up to 16

China approves five new private banks: total goes up to 16

China's banking regulator on Tuesday gave approval to five new private banks aimed to boost financial support for smaller firms, bringing the total number of private lenders in the world's second largest economy to 16.

Next round of capital infusion in PSBs post Q3 results

Next round of capital infusion in PSBs post Q3 results

Government has set parameters for public sector banks for receiving capital support and only those lenders which fulfil the criteria post third quarter results would be eligible for funds.

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.