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Indian banking sector News

27 Mar 2020

Banking sector safe, don’t resort to panic withdrawal from private banks: RBI

"The Indian banking sector is safe & sound. Depositors of commercial banks including private banks need not worry on the safety of their funds,’’ RBI Governor Shaktikanta Das said.

16 Aug 2017

Bank employees to go ahead with August 22 nationwide strike

The United Forum of Bank Unions (UFBU) on Wednesday declared that their nationwide strike call for August 22 stands as the talks with the Indian Banks` Association (IBA) in Mumbai have failed.

Fitch Ratings outlook of banking

22 Nov 2016

Fitch Ratings retains 'negative' outlook for India's banking sector

Fitch re-affirmed its "negative" outlook for India`s banking sector, saying the financial standing remained "fragile" without bigger capital injections and that the government`s action on banknotes could end up having a mixed impact.

19 Sep 2016

Banks moving past worst asset quality cycle, outlook stable: Moody's

India's banking system outlook is likely to be stable over the next 12-18 months as the pace of formation of bad loans is expected to decrease compared to last five years, global rating agency Moody's said Monday.

19 Sep 2016

Indian banking outlook stable; new NPA formation slow: Moody's

The pace of bad loan formation is going to slower resulting in a stable outlook for the Indian banking sector over the next 12-18 months, Moody's Investors Service said.

24 Aug 2015

Bandhan Bank joins Indian banking league with 501 branches

Bandhan Bank Sunday began operations as a full-fledged bank with 501 branches and 1.43 crore accounts across the country, becoming the newest member of the estimated USD two-trillion Indian banking industry.

23 Aug 2015

Challenging times for banking sector: RBI

Indian banking sector is going through challenging times, characterised by low credit, impairment of assets and low profitability, RBI deputy governor H R Khan said Sunday.

19 Jun 2015

Lack of professionalism, resisting tech ailing coop banks: RBI

Coming down hard on cooperative banks, RBI Deputy Governor R Gandhi on Friday said their share is below 5 percent despite large number, as they have not kept pace with technological advances and lack professionalism.

State-owned banks

27 May 2015

Re-capitalise state banks for economic prosperity: Expert

India needs to privatise and change the character of its state-owned banks which have massive bad loans that have become a drag on economic growth, a leading financial expert said here.

17 May 2015

Enough space for China banks to complement India story: Kochhar

ICICI shares are listed in India on BSE and NSE, while its American Depositary Receipts are listed on the NYSE.

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