Feb 24, 2017 at 21:56 | Source: CNBC-TV18
Non-performing assets (NPAs) of banks have shot up to 9.5 percent in the third quarter of this fiscal from 9.1 percent in the previous and 8.5 percent in the March quarter.
Feb 24, 2017 at 16:15 | Source: Moneycontrol.com
Another banking sector fraud with Children Bank of India substituting the Reserve Bank of India in the fake 2000 rupee notes dispensed by a State Bank of India ATM, has raised concerns over banks cash outsourcing services.
Feb 24, 2017 at 14:30 | Source: PTI
In the recent monetary policy meeting conducted on February 8, RBI Governor Urjit Patel said that one of the main reasons for not cutting the policy interest rates is core inflation being sticky.
Feb 24, 2017 at 10:41 | Source: Moneycontrol.com
ATMs are not designed to check the genuineness of currency notes at the time of dispensing. However, if a bank customer attempts to deposit fake currency, the machine will not accept.
Feb 23, 2017 at 16:28 | Source: Moneycontrol.com
Both RBI and the government had tried various ways to reduce bad loans in order to enthuse banks to lend more and the private sector to start investing, but with little success. In fact, the delay has caused more debtors joining the list of defaulters. Stressed assets recognised by banks have doubled from 2013 onward.
Feb 23, 2017 at 15:36 | Source: PTI
Buying spree by foreign investors had led to a breach of their maximum purchase limit in HDFC Bank on February 17.
Feb 23, 2017 at 10:17 | Source: Reuters
The Finance Ministry on Wednesday backed a call by the Reserve Bank of India to set up an institution similar to a "bad bank," saying urgency was needed to address troubled loans weighing on the banking sector that were hobbling investment and growth.
Feb 22, 2017 at 19:16 | Source: PTI
Faster remonetisation and return of discretionary consumer demand will push economic activity in the latter part the fiscal, opined RBI Governor Urjit Patel while voting for no cut in interest rate earlier this month.
Feb 22, 2017 at 18:58 | Source: Moneycontrol.com
While three members highlighted the need to change the stance from accommodative to neutral, four mentioned that inflation excluding food and fuel remains sticky at close to 5 percent
Feb 22, 2017 at 18:00 | Source: Moneycontrol.com
In some "tough love" shown to banks by the Reserve Bank of India on Tuesday, while bankers are yet to digest the suggestions, it could well be a turning point for the public sector banks.