Indian Banks

Bank holidays: Banking services to be affected for 9 days, check details here

The Reserve Bank of india has issued a bank calendar mentioning the dates on which the banks will not function. The bank users need to note that the coming weeks of March and April will observe over 11 days of holidays. 

Mar 21, 2021, 08:42 AM IST

After the news of money withdrawal from mutual funds, RBI arranged 50 thousand crore for mutual fund companies

After the news of money withdrawal from mutual funds, RBI arranged 50 thousand crore for mutual fund companies. Watch this video to know more.

Apr 27, 2020, 12:52 PM IST

Total frauds in Indian banks rose to Rs 71,543 crore in 2018-19: RBI report

Among bank groups, PSBs, which constitute largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19.

Aug 30, 2019, 12:57 PM IST

Banks unlikely to match RBI's rate cut any time soon

Banks are reluctant to cut deposit rates in the fiscal year`s last quarter, as they are keen to shore up their books while not losing hefty deposits.

Feb 08, 2019, 16:30 PM IST

Banks may remain shut for five days due to strikes, holidays

In the wake of strikes and holidays, the banks will remain closed from next Friday to Wednesday, except Monday and the banking services could adversely be affected on these days.

Dec 19, 2018, 19:24 PM IST

Indian Bank raises Rs 110 crore through bonds

According to the statement, the credit rating assigned to these bonds is "CRISIL AAA/Stable" and "CARE AAA".

Nov 07, 2018, 15:05 PM IST

Banks must strive to be seen as institutions of clean, prudent lending: Arun Jaitley

Jaitley said that the formalisation of the Indian economy through the Insolvency and Bankruptcy Code (IBC), GST, demonetisation and Digital Payments have enabled better assessment of financial capacity and risks.

Sep 25, 2018, 16:28 PM IST

NPA provisions for banks may stay elevated till FY20: Report

Banks will continue with credit costs or provisions of up to 3 percent for both the ongoing fiscal as well as the one after, according to the rating agency.

Sep 17, 2018, 14:17 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

Vijay Mallya ordered to pay 200,000 pounds to Indian banks by UK court

The fallen business tycoon Vijay Mallya is separately also fighting extradition to India on fraud and money laundering charges worth an estimated Rs 9,000 crores. 

Jun 16, 2018, 11:25 AM IST

Bank employees demand salary revision, call for 2-day nation-wide strike from May 30

The bank employees across the country will observe a nation-wide strike for two days starting May 30 in order to protest against low hike offered by the management body. Indian Banks' Association (IBA) offered the employees 'a meagre' two per cent increment. This led them to raise their voice demanding the government's intervention in wage revision.

May 11, 2018, 23:15 PM IST

Indian banks' FY18 results likely to be weak: S&P

In a report titled 'India's Banks Are Bracing For Weak Fiscal 2018 Results', S&P on Thursday said it believes that at a system level the ratio of stressed assets is realistically around 13-15 percent, compared with 12.3 percent in the first half of fiscal 2018. 

Apr 19, 2018, 22:01 PM IST

Govt to push ahead with banking reforms in new year

The Finance Ministry would soon announce contours of the recapitalisation bonds and the amount to be front loaded during the current fiscal.

Dec 28, 2017, 12:21 PM IST

Stake sale in insurance arms to help banks on bad loans: Moody's

Earlier this week, state-run SBI Life Insurance (SBI Life) completed its initial public offer (IPO) issue, while the privately-run ICICI Lombard did the same last week.

Oct 05, 2017, 18:27 PM IST

Banks need $65 billion additional capital to meet Basel III norms: Fitch

Weak capital positions have a major negative influence on the banks' viability ratings which will come under more pressure if the problem is not addressed, it added.

Sep 12, 2017, 13:31 PM IST

Indian banks need $65 billion capital to meet Basel rules by March 2019: Fitch

That is far above the $11 billion in capital infusions into state-run lenders the government has budgeted through March 2019.

Sep 12, 2017, 12:16 PM IST

Modi govt's landmark economic reforms since last Independence Day

These historic reforms stunned the people nation-wide. Not only it gave new heights to Indian economy but also paved way towards global recognition.

Aug 15, 2017, 17:44 PM IST

India to grow 6.5-7.5% over 12-18 months: Moody's

According to the estimates of the US-based agency, the economy will grow 7.5 percent in 2016-17 and 7.7 percent in 2017-18.

Jul 31, 2017, 12:18 PM IST

Nine out of 21 public sector banks reported losses in FY17

Nine of the 21 public sector banks, including IDBI Bank and Indian Overseas Bank, reported losses during 2016-17, the parliament was informed on Tuesday.

Jul 18, 2017, 15:28 PM IST

'Indian banks need at least $2.8 billion extra provisioning for bankruptcy cases'

Indian banks taking 12 of the country`s largest defaulters to bankruptcy court under a central bank directive, will need to make additional provisioning of at least Rs 180 billion ($2.8 billion), India Ratings and Research said on Tuesday.

 

Jul 18, 2017, 13:32 PM IST