Thomson Reuters | Last Updated: July 29, 2015 11:36 (IST)
Reserve Bank of India Deputy Governor S. S. Mundra said the latest April-June earnings from state-owned lenders showed "stability" in terms of non-performing assets (NPAs), but added the central bank would remain "watchful."
Press Trust of India | Last Updated: July 28, 2015 22:01 (IST)
Saddled with bad loans, PNB on Tuesday said it has reported to RBI 400 'wilful defaulters', and plans to sell Non Performing Assets worth up to Rs 3,000 crore to ARCs in the current fiscal.
Thomson Reuters | Last Updated: July 28, 2015 20:43 (IST)
Punjab National Bank (PNB), a quarter of whose nearly $4 billion portfolio of steel loans is stressed, is considering taking charge of some companies over the next two years, changing their management and then selling stakes, executive director K.V. Brahmaji Rao said.
Thomson Reuters | Last Updated: July 28, 2015 19:44 (IST)
India's banking sector, dominated by more than two-dozen state-run lenders, has been hobbled by its highest bad-loan ratio in a decade as slower economic expansion hurt companies' abilities to service debt.
Press Trust of India | Last Updated: July 28, 2015 16:13 (IST)
State-owned banks have little capacity to improve their generally weak capital buffers through retained earnings as capital infusion, including from government, is likely to remain scarce, it said.
Press Trust of India | Last Updated: July 27, 2015 23:31 (IST)
It added that IDFC Bank cannot allot equity shares to shareholders of IDFC before the effective date of demerger, which will be effective only after complying with conditions of a particular clause in the demerger scheme announced on July 13.
Press Trust of India | Last Updated: July 27, 2015 23:23 (IST)
The bank had reported an increase in its gross non-performing assets ratio at 3.78 per cent in March 2015 and had said bulk of NPAs are coming from assets restructured earlier.
Press Trust of India | Last Updated: July 27, 2015 23:11 (IST)
The loan will help bolster bank's efforts to improve farm efficiency by extending customised and affordable agriculture credit, that will help leverage its semi-urban and rural branch network to deliver agriculture credit, the city-headquartered lender said in a statement.
Thomson Reuters | Last Updated: July 27, 2015 20:46 (IST)
Switzerland's Union Bancaire Privee said in March it was buying the overseas business of British wealth manager Coutts from RBS, as part of the bank's drive to pull back from foreign markets and focus on UK retail and commercial banking.
Press Trust of India | Last Updated: July 27, 2015 16:15 (IST)
The Reserve Bank of India is likely to maintain status quo on rates in its bi-monthly policy meet on August 4, taking into account "poor rains", and will go
Thomson Reuters | Last Updated: July 27, 2015 13:25 (IST)
The government will consult the Reserve Bank of India (RBI) before taking a decision on the formation of a proposed interest rate-setting panel, Minister of State for Finance Jayant Sinha told Reuters on Monday.
Press Trust of India | Last Updated: July 27, 2015 11:17 (IST)
Hinduja Group-promoted IndusInd Bank on Monday said it has completed acquisition of Royal Bank of Scotland's diamond and jewellery financing business in the country.
Press Trust of India | Last Updated: July 26, 2015 18:40 (IST)
With softening of rates in the corporate bond market, housing finance firms are preferring bonds over bank loans and plans to raise over Rs 1.37 lakh crore are already lined up for the current fiscal year.
Press Trust of India | Last Updated: July 26, 2015 14:01 (IST)
The Reserve Bank of India (RBI) has asked the Income Tax Department to get a 'tax angle' verification done for four dozen corporate entities seeking licence to operate small finance and payment banks in the country.
Press Trust of India | Last Updated: July 25, 2015 15:23 (IST)
In a BSE filing on Saturday, the public sector bank said it has reduced the pricing of short-term deposits of below Rs 1 crore to 6.50 per cent from 6.75 per cent on a maturity of 46 to 90 days.
Press Trust of India | Last Updated: July 24, 2015 23:04 (IST)
The revised draft of IFC, posted on the website of the Finance Ministry, has said RBI "must constitute a Monetary Policy Committee to determine by majority vote on the Policy Rate required to achieve the inflation target".
Press Trust of India | Last Updated: July 24, 2015 18:35 (IST)
The NDB will "get our first loan approved in April of 2016", and the first loan will be issued in the Chinese Renminbi, said the eminent Indian banker, who will be the NDB's president for the first five years, at a media interaction on Thursday.