The cuts affect bankers at managing director and director level in the lender's Global Banking and Markets division, the sources said, declining to be identified due to the sensitivity of the matter.
Outstanding loans rose Rs 65,360 crore ($9.58 billion) to Rs 74.13 lakh crore in the two weeks to January 6. Non-food credit rose Rs 63,690 crore to Rs 73.07 lakh crore, while food credit rose Rs 1,670 crore to Rs 1.07 lakh crore.
Mr Patel met the panel to answer questions about the November 8 abolition of Rs 500 and Rs 1,000 notes, or 86 per cent of the currency then in circulation.
Net profit for the same quarter in the last fiscal stood at Rs 2,175 crore.
Yes Bank's gain this month has lifted Kapoor's net worth to $1 billion, according to the Bloomberg Billionaires Index.
In an analysis report prepared by the I-T department, two specific instances in Mumbai and Pune have been reported where it was found that over Rs 113 crore "excess amount" of old demonetised notes was reported by two banks to the banking regulator in order to generate black funds.
Goldman plans to create a listed company in Frankfurt as the parent of all of its European businesses, a person familiar with the plans told German business daily Handelsblatt.
Although December 2016 was a slow month for hiring, the banking Industry has seen a considerable uptick with jobs increasing by 14 per cent on a year-on-year basis.
Retail inflation eased further to nearly 3-year low of 3.41 per cent in December, reflecting weak demand as consumers grappled with cash crunch following demonetisation.
Some PSU bankers have already indicated to the Finance Ministry that it may not be possible for them to pay dividend as their profits are likely to remain subdued due to lower credit offtake.
Deposits have surged and credit growth has declined post demonetisation. To spur credit demand, banks have undertaken steep cuts in their MCLR in January 2017.
Axis Bank cut its marginal cost of funds based lending rate (MCLR) for one year tenure-- which serves as the benchmark for a slew of loans including home loans--by 0.65 per cent to 8.25 per cent, it said in a statement.
MSS bonds are issued with the objective of providing the central bank with a stock of securities with which it can intervene in the market for managing liquidity.
Demand for other consumer durable products, including credit cards and other auto loans, also declined sharply right after the November 8 demonetisation announcement.
Aditya Puri of HDFC Bank on Tuesday said the demonetisation move is positive in the long-run and the country will continue to remain a bright spot.
An invoice raised by Ashoka Drugs and Chemicals for its supplies to Greenlam Laminates was discounted by the bank, it said in a tweet.
Earlier this month, BBB has said it is thinking of the fact that the compensation package across the board of public sector banks needs to be improved.
Mr Acharya's primary research interests are in the regulation of banks and financial institutions, measurement of systemic risk and understanding the nexus between sovereign and financial sector credit risks.