close

News WrapGet Handpicked Stories from our editors directly to your mailbox

banking sector

Rs 10,000 crore fund for affordable housing, mega shopping festivals to boost exports: FM Nirmala Sitharaman

FM Sitharaman said that inflation is under control and there is a clear sign of revival of industrial production.

Sep 14, 2019, 15:24 PM IST

Nirmala Sitharaman dismisses concerns related to Indian economy slowing down

FM decided to take review and feedback meeting with MSME on Tuesday, Auto sector on Wednesday, followed by industry sector,  markets & finances and finally with real estate sectors.

Aug 05, 2019, 17:03 PM IST

Morning Breaking: Cabinet approves merger of Vijaya Bank, Dena Bank & Bank Of Baroda

The Cabinet Committee on Economic Affairs (CCEA) has approved the merger of state-run Vijaya Bank, Bank of Baroda and Dena Bank. This marks the first-ever three-way merger in the country's banking sector.

Jan 03, 2019, 08:36 AM IST

Pakistan's central bank denies report of mass data breach

The State Bank of Pakistan (SBP) said the IT security system of a single bank, which it did not name, had been "compromised" on October 27 and it had already instructed all banks to increase their scrutiny.

Nov 06, 2018, 23:09 PM IST

Banks' NPAs status to worsen to over 12% by March 2019: Reserve Bank of India

There are 11 banks under PCA framework on account of their high bad loans.

Jun 26, 2018, 22:35 PM IST

Hiring activity sees 6% growth in February 2018: Report

The demand to hire seasoned professionals in senior management roles with experience of over 16 years saw 16% YoY growth. 

Mar 18, 2018, 15:54 PM IST

PNB fraud: After ASSOCHAM, now FICCI joins chorus for privatising state-run banks

FICCI called state-run banks privatisation is in the interest of creating 'a dynamic banking sector' in India.

Feb 19, 2018, 17:35 PM IST

Union Budget 2018-19: Here is what banking sector expects

It is expected that the FM Jaitley will have a special focus on the banking sector in the Budget 2018-19.

Jan 31, 2018, 20:36 PM IST

All India bank strike on December 27 for wage revision in IDBI Bank

The IDBI Bank employees went on two-day strike in October demanding revision of wages.

Nov 24, 2017, 17:35 PM IST

Working on plan to rebuild capacity of banking sector: Jaitley

Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and the World Bank, also said that reforming the banking system is the top agenda of the government.

Oct 12, 2017, 09:55 AM IST

Debt downgrades soar a whopping 70% to Rs 2.9 trillion in H1: Icra

According to Icra's Jitin Makkar, top 10 percentile of non-financial sectors entities downgraded accounted for around 50 per cent of the total debt downgrades in 2016-17.

Oct 03, 2017, 19:16 PM IST

PM Modi reviews banking, GST, 9 infra projects at Pragati interaction

Modi also called for sustained efforts to boost digital payments and work towards a less cash society.

Sep 27, 2017, 18:41 PM IST

RBI expands oversight committee; inducts 3 member on panel

The Reserve Bank has expanded the oversight committee by appointing three more members to the high-level panel that will vet the process to resolve mounting bad loans bogging down the banking sector.

Jun 22, 2017, 20:29 PM IST

RBI actively working on NPA resolution, action soon: Arun Jaitley

Besides NPA resolution and bank finances, the meeting also featured the government's financial inclusion schemes.

Jun 12, 2017, 13:57 PM IST

FM Arun Jaitley meets PSU bank chiefs; reviews NPA situation

Jaitley also reviewed the financial performance of all the public sector banks (PSBs) at the meeting.

Jun 12, 2017, 12:45 PM IST

Arun Jaitley to meet PSU bank chiefs today to review NPA situation

Besides, the minister will review the financial performance of all the public sector banks (PSBs) at the meeting, the first between Jaitley and them in the current fiscal.

Jun 12, 2017, 10:49 AM IST

Reform measures to broaden tax base, cut debt: Moody's

Reform measures undertaken by India will broaden its tax base and help government cut down on debt, but high stressed assets in the banking sector pose contingent liability risks.

Jun 01, 2017, 12:53 PM IST

Euro zone stability risk contained but rising - ECB

Financial stability risks in the euro zone are contained but remain significant and have even increased in some areas over the past six months, the European Central Bank said in a regular stability review on Wednesday.

May 24, 2017, 14:22 PM IST

18 lakh cases where income and account profiles don't match: FM

Authorities have detected 18 lakh cases after demonetisation where the income profiles of people do not match their account profile, the Lok Sabha was informed on Friday.

Apr 07, 2017, 16:46 PM IST

Arun Jaitley to chair high-level meet on bank NPAs today

The meeting, which will also be attended by Financial Services Secretary Anjuly Chib Duggal, will discuss ways of resolution of stressed assets urgently.

Mar 10, 2017, 09:28 AM IST