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Indian Banks News

29 Jul 2024

Indian Bank Clocks 41% Jump In Net Profit To Rs 2,403 Crore For April-June

The bank's gross advances increased by 12 per cent to Rs 5.40 lakh crore in the April-June quarter compared to Rs 4.8 lakh crore in the same quarter last year.

27 Oct 2022

Bank Holiday today: Banks to be closed in THESE cities on Bhai Dooj

Indian Banks will be closed on Thursday on the occasion of Bhaidooj, Chiragupt Jayanti and Ningol Chakkouba. Banks will be closed to the public for 10 days next month in November. The four holidays will be on November 1, November 8, November 11 and November 23.

20 May 2021

Banks reduce working hours, check timings and facilities you can avail

IBA has accordingly advised banks to restrict working hours between 10 am to 2 pm. Banks have implemented shorter banking hours on the advice of the IBA.

21 Mar 2021

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

Banks will remain closed for three consecutive days from March 27-29. Bank services on March 31 will remain suspended.

27 Apr 2020

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.

RBI annual report 2019

30 Aug 2019

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.

08 Feb 2019

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.

19 Dec 2018

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.

07 Nov 2018

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".

25 Sep 2018

Banks must strive to be seen as institutions of clean lending: 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.

17 Sep 2018

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.

27 Jun 2018

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.

16 Jun 2018

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.

Indian Banks' Association

11 May 2018

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

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.

19 Apr 2018

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.

Year ender 2017

28 Dec 2017

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.

05 Oct 2017

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.

12 Sep 2017

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.

12 Sep 2017

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.

major economic reforms

15 Aug 2017

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.

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