close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Indian Banks

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

Demonetisation has brought nation 3 years ahead in digital payments: SBI Ecoflash

Demonetisation has brought the nation at least three years ahead in digital payments, SBI Ecoflash stated in its latest issue published on Thursday.

Jul 13, 2017, 18:40 PM IST

Finance Ministry for extending RBI deadline on Basel III norms

The finance ministry has made a case for pushing back the Reserve Bank's deadline for implementing Basel III banking norms in view of higher capital requirement to deal with bad loans which have reached unacceptable levels.

Jun 26, 2017, 18:35 PM IST

Banks need Rs 95K crore capital, stressed assets to rise: Moody's

Stressed assets of Indian banks will increase through 2019 and capitalisation will remain a key credit weakness for state-owned lenders which will need up to Rs 95,000 crore additional capital over the next two years.

Jun 08, 2017, 15:42 PM IST