Suggests special dispensation in provisioning norms to tackle stressed assets With non-performing assets (NPAs) reaching a worrisome position, especially for public sector banks, there may
Category: RBI–Banks
Rise in bad loans may spawn more ARCs | Business Line–16.08.2017
With RBI moving to resolve issue, players with deep pockets will be keen to set up shop While rising non-performing loans is bad news for
Banks exploring use of artificial intelligence in operations | Business Line–15.08.2017
Several banks have started exploring adoption of artificial intelligence (AI) and machine learning (ML) in their operational processes. “There is substantial attention being paid in
Bankruptcy: Government considering selling off reality developer’s assets to finish stalled projects–Economic Times–15.08.2017
The government is exploring ways of resolving a long-brewing real estate crisis that’s left home buyers in the lurch as developers have struggled to complete
Minimise card frauds abroad by disabling the option | Business Standard News–15.08.2017
Recently, Raj Kumar (name changed on request), a Delhi-based writer, lost Rs 60,000 to credit card fraud. His card was used to make a purchase
How well do you know your credit cards? – Essential FAQs on credit cards | The Economic Times–14.08.2017
via How well do you know your credit cards? – Essential FAQs on credit cards | The Economic Times
saving deposit rate: Saving deposit rate cuts to lead to lower lending rates:Report–Economic Times–14.08.2017
Reduction in saving deposit rates by three large banks over the past fortnight may set the ball rolling for lower lending rates and stoke greater
PSU Banks: PSB auditors under lens for write-downs–Economic Times–14.08.2017
The Reserve Bank of India (RBI) has questioned scores of auditors at 27 public sector banks on the process and logic they had used to
NPA resolution to spur credit expansion, growth: Arvind Panagariya | Business Standard–14.08.2017
Resolution of bad loans in the banking system is on ‘right track’ and will ‘open the door’ to rapid credit expansion and growth, Niti Aayog
Saving deposit rate cuts to lead to lower lending rates: report | Business Line–14.08.2017
Reduction in saving deposit rates by three large banks over the past fortnight may set the ball rolling for lower lending rates and stoke greater
Mid year Economic Survey: Companies raise Rs 6.7 lakh crore via corporate bonds – The Financial Express–12.08.2017
Indian companies garnered Rs 6.7 lakh crore from the issuance of corporate bonds in the last fiscal, with private placement emerging as the most preferred
SBI has some more book cleaning to do | Business Standard–12.08.2017
The stock of State Bank of India (SBI) was the top loser among Sensex stocks, shedding 5.4 per cent on Friday. The June quarter (Q1)
Bank of Baroda net plunges 52% in Q1 | Business Line–12.08.2017
Net interest income was almost flat at ₹3,405 crore. Other income nudged up 7% to ₹1,551 crore Bank of Baroda reported a 52 per cent
₹2.8-4.3 lakh cr of excess deposits entered banking system during demonetisation | Business Line–12.08.2017
Excess deposits in the range of ₹2.8-4.3 lakh crore accrued to the banking system during the demonetisation period, with unusual cash deposits in specific accounts,
State Bank of India June quarter net profit down 20% on loan loss provisions | Business Line–12.08.2017
Heavy loan loss provisions has dragged State Bank of India’s first quarter net profit down 20 per cent. Net profit in the reporting quarter was
OBC posts Rs 486 cr net loss as NPA provisioning soars | Business Line–12.08.2017
Oriental Bank of Commerce (OBC) has reported a net loss of Rs 486.20 crore for the first quarter ended June due to lower income and
Allahabad Bank posts Rs 29 cr net profit; shares plunge 2.7% | Business Line
Usha Ananthasubramanian, Managing Director and Chief Executive Officer, Allahabad Bank. (file photo) Allahabad Bank has posted a net profit of Rs. 28.84 crore for the
Essel Finance to launch ₹300-crore SME fund | Business Line–12.08.2017
Essel Finance Management, the financial services arm of Subhash Chandra-promoted Essel Group, is to launch a new fund for Small and Medium Enterprises with a
More pain ahead for country’s biggest bank | Business Line–12.08.2017
While the consolidated picture on asset quality post-merger was expected to be a cause for concern, higher-than-expected slippages, has rankled investors. With gross non-performing assets
LVB to focus on SME, retail segments | Business Line–12.08.2017
May raise ₹500-750 cr capital this fiscal Lakshmi Vilas Bank (LVB) plans to focus on three areas to drive revenues and grow its assets. It
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