RBI tweaks shareholding norms for private sector banks

The Reserve Bank has issued new guidelines on ownership in private sector banks by bundling shareholding patterns into two broad categories of individuals (natural persons) and legal entities/institutions, but retained the cap on foreign ownership at 74 percent.

No rethink on Mar'17 deadline for banks on balance sheets: RBI

The restructured and bad assets combined together have gone over 13 percent.

Chennai floods: Banks to remain open on Sunday

The banks have also been asked to replenish cash in all ATMs.

10.17 cr people enrolled under 2 social security schemes: FM

"As far as the two insurance schemes, Sukasha and Jeevan Jyoti, are concerned we have now touched a figure of 10.17 crore. In just one month and three days we have already crossed the 10 crore figure," Finance Minister Arun Jaitley told reporters here.

ATM use: HDFC Bank to stop paper slips,to send detailed SMSes

This is a part of the digital initiative for the bank, under which it had last year launched the 'Green PIN' scheme wherein card-users were given the PIN numbers electronically rather than in a printed kit, the official said.

Yes Bank plans up to $1 billion share sale

Yes Bank Ltd, India`s fifth-biggest private sector lender by assets, said on Wednesday its board approved a plan to raise up to $1 billion by selling stock in local or overseas markets to shore up its capital base.

Yes Bank targets larger share of retail market

Yes Bank, India`s fourth-largest private sector lender by assets, aims to increase the proportion of retail deposits on its books to 60 percent in three years as it expands its appeal to consumers to take on its bigger rivals.

PSU banks account for over 90% of total bad loans in FY'14

Private sector banks had gross NPAs of Rs 22,738 crore as of March 31, 2014.

PM to launch Jan Dhan Yojana on Aug 28; 1 crore bank A/Cs on day 1

The government plans a mega launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) by Prime Minister Narendra Modi on August 28, which is likely to see opening of one crore bank accounts on the first day itself.

ICICI to open branches in Australia, SA, Mauritius: Kochhar

ICICI has the largest overseas network among Indian private sector banks.

Private banks at high risk of losing customers: IBM study

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.

No improvement likely on bad loan front; PSBs to blame: Icra

Icra said the RBI's proposed framework for the early detection of NPAs and better management of bad assets can be a positive for the sector.

Bank licences: Jalan panel submits recommendations to RBI

The Bimal Jalan panel, which scrutinised applications for new bank licences, Tuesday submitted its report along with shortlisted entities to the Reserve Bank of India.

Public sector bank staff start two-day strike; operations hit

Private sector banks such as ICICI Bank, HDFC Bank and Axis Bank were functioning normally because their staff are not on strike.

Foreign banks to gain from subsidiarisation route: Deloitte

The Reserve Bank guidelines for foreign banks to operate through wholly-owned subsidiaries in India is a step in the right direction as they play an important role in economic growth, a study said.

Bank Unions to observe one-day strike on Dec 19

Pressing various demands, the United Forum of Bank Unions, representing employees of public and private sector banks, has decided to observe a one-day nationwide strike next month.

RBI asks banks to fine-tune recovery, due diligence for NPAs

Gross NPAs as percent of gross advances for scheduled commercial banks stood at 3.6 percent as at March 2013 as against 3.1 percent previous fiscal, the RBI said.

Private equity moves to be Asia's new banker

In three years, global private equity firm KKR & Co has provided over $1.5 billion in loans to companies in India, a business traditionally handled by state-owned and private sector banks.

Action will be taken against guilty in bank scam: FinMin

The government has said action will be taken if any person is found guilty in the alleged money laundering scam involving three private sector banks which was exposed by a website.

'Final norms for new banks will help expand banking services'

Hailing the final norms for issue of licences to new banks in private sector, Assocham Friday said this will help in expanding the banking services.