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  • A chunk of bad loans may not be eligible for one-time restructuring: Report Aug 11, 2020 03:59 PM IST

    A chunk of bad loans may not be eligible for one-time restructuring: Report

    The RBI had on August 6 allowed banks to conduct a one-time restructuring of loans without classifying them as non-performing assets

  • ICICI Bank QIP closed already with bids of Rs 62,000 crore Aug 11, 2020 09:24 AM IST

    ICICI Bank QIP closed already with bids of Rs 62,000 crore

    ICICI Bank is planning to raise around Rs 15,000 crore through this issue

  • Rajnish Kumar likely to get extension as SBI Chief, called for interview: Report Aug 09, 2020 12:50 PM IST

    Rajnish Kumar likely to get extension as SBI Chief, called for interview: Report

    The State Bank of India interview will be conducted online on August 18 or 19 and those under consideration besides Rajnish Kumar include the bank’s three managing directors.

  • Banks may make additional provisions for security receipts held against bad loans: Report Aug 06, 2020 04:59 PM IST

    Banks may make additional provisions for security receipts held against bad loans: Report

    While provisioning of about 20 percent is in compliance with regulations, banks might want to raise provisions during the COVID-19 pandemic

  • RBI Monetary Policy Highlights: MPC warns of elevated headline inflation in Q2FY21 Aug 06, 2020 10:49 AM IST

    RBI Monetary Policy Highlights: MPC warns of elevated headline inflation in Q2FY21

    RBI Monetary Policy LIVE Updates: The Reserve Bank of India’s Monetary Policy Committee (MPC) has kept the repo rate unchanged at 4% amidst COVID-19

  • Aditya Puri on HDFC Bank stake sale: ‘Nothing to do with bank; need money for retirement’ Aug 04, 2020 12:21 PM IST

    Aditya Puri on HDFC Bank stake sale: ‘Nothing to do with bank; need money for retirement’

    Aditya Puri retires as HDFC Bank's Managing Director on October 26, 2020. Sashidhar Jagdishan has been appointed as his successor.

  • Bank FDs double YoY to Rs 6.1 lakh crore in Q1 FY21 Aug 03, 2020 03:55 PM IST

    Bank FDs double YoY to Rs 6.1 lakh crore in Q1 FY21

    The shift towards FDs could mean that depositors think interest rates will increase, and it may also hint at risk-aversion

  • Banks, NBFCs seek an end to moratorium beyond August, want one-time restructuring of loans Jul 31, 2020 01:30 PM IST

    Banks, NBFCs seek an end to moratorium beyond August, want one-time restructuring of loans

    In the latest financial stability report, the RBI had warned that moratorium loans could lead to higher NPAs in the financial system.

  • Bank holidays in August 2020: Check the complete list Jul 31, 2020 09:23 AM IST

    Bank holidays in August 2020: Check the complete list

    In most cities, banks will remain closed on August 1 and August 15 on account of Eid-Ul-Adha and Independence Day, respectively.

  • Imperative for banks to expand balance sheets, revive credit offtake: Report Jul 29, 2020 06:30 PM IST

    Imperative for banks to expand balance sheets, revive credit offtake: Report

    The RBI's conscious steps to reduce the repo rate have also lowered the marginal cost of fund-based lending rate across banks, ratings agency India Ratings and Research said in a note.

  • Banks should raise capital proactively: RBI Governor Shaktikanta Das Jul 27, 2020 09:45 PM IST

    Banks should raise capital proactively: RBI Governor Shaktikanta Das

    As per the latest Financial Stability Report (FSR) released by the Reserve Bank, gross non-performing assets of all banks may jump to 12.5 percent by the end of this fiscal under the baseline scenario, from 8.5 percent in March 2020.

  • About 84,545 bank fraud cases reported during 2019-20: RBI in RTI reply Jul 27, 2020 06:45 PM IST

    About 84,545 bank fraud cases reported during 2019-20: RBI in RTI reply

    The RBI stated that the total number of frauds reported by Scheduled commercial banks and select FIs during Financial Year 2019-20 is 84,545 and the amount involved therein is Rs 1,85,772.42 crore.

  • State-owned banks need more capital to safeguard against stress: Fitch Ratings Jul 27, 2020 03:07 PM IST

    State-owned banks need more capital to safeguard against stress: Fitch Ratings

    Fitch said state banks already face significant execution risks in raising equity due to depressed stock market valuations and weak investor interest.

  • Banking Central | Who will save India’s public sector banks from politicians? Jul 27, 2020 12:27 PM IST

    Banking Central | Who will save India’s public sector banks from politicians?

    Unless banks are given the freedom to decide on business decisions, banking sector NPAs can’t be addressed. In a highly competitive industry, PSBs need to be given a level playing field.

  • Private lenders cautious, provision Rs 17,146 crore in June quarter Jul 27, 2020 09:28 AM IST

    Private lenders cautious, provision Rs 17,146 crore in June quarter

    Lenders fear a surge in bad loans once the RBI’s six-month loan moratorium period ends in August, despite a declining trend in loans under moratorium.

  • Do not reward wrongdoers by bestowing awards; do some background checks: Urjit Patel’s memo to financial media Jul 24, 2020 12:32 PM IST

    Do not reward wrongdoers by bestowing awards; do some background checks: Urjit Patel’s memo to financial media

    The context here is the annual awards given by financial media houses to banks. The recipients, sometimes, include even those banks who have been fined by the RBI and other regulators, sometimes more than once, for rule violations.

  • Equity raising beefs up Yes Bank's capital buffers, lowers creditors' risks: Moody's Jul 21, 2020 07:50 PM IST

    Equity raising beefs up Yes Bank's capital buffers, lowers creditors' risks: Moody's

    Yes Bank was near bankrupt in March and was rescued by a Reserve Bank-led bailout plan under which SBI picked up 49 percent equity in the once-storied private sector lender.

  • HDFC Bank fires six employees for corrupt practices in vehicle loan business: Report Jul 21, 2020 11:02 AM IST

    HDFC Bank fires six employees for corrupt practices in vehicle loan business: Report

    Many media reports have suggested that HDFC Bank was looking into allegations of misconduct in its vehicle financing business.

  • India plans to reduce number of state-owned banks to just 5 Jul 20, 2020 06:41 PM IST

    India plans to reduce number of state-owned banks to just 5

    The first part of the plan would be to sell majority stakes in Bank of India, Central Bank of India, Indian Overseas Bank, UCO Bank, Bank of Maharashtra and Punjab & Sind Bank, leading to an effective privatisation of these state-owned lenders, a government official said.

  • Expansion of banking network to help Odisha implement pro-people initiatives: Naveen Patnaik Jul 18, 2020 12:10 PM IST

    Expansion of banking network to help Odisha implement pro-people initiatives: Naveen Patnaik

    He said the social outreach initiatives have made Odisha a model state in the country in terms of financial inclusion of all sections of the society.

  • UCO Bank 'redesigns' strategies to align with 'Aatmanirbhar Bharat'; to focus on agriculture, MSME lending Jul 17, 2020 06:00 PM IST

    UCO Bank 'redesigns' strategies to align with 'Aatmanirbhar Bharat'; to focus on agriculture, MSME lending

    In its 2019-20 annual report, the bank said it is expecting the various technological initiatives for customer convenience to yield "good results" in coming months.

  • IBA working on ease of banking on lending side: CEO Sunil Mehta Jul 17, 2020 04:36 PM IST

    IBA working on ease of banking on lending side: CEO Sunil Mehta

    Member banks are working on digitisation of loan products so that the human intervention is minimised in the process of loan, he said.

  • Explained | How COVID-19 proved that 'Digital is Divine'​ for banking Jul 16, 2020 07:11 PM IST

    Explained | How COVID-19 proved that 'Digital is Divine'​ for banking

    Moneycontrol's Shraddha Sharma explains how the pandemic is accelerating digitalisation in the banking sector.

  • Bank fraud cases see a major spike in 2019-20: How prepared is the RBI? Jul 15, 2020 04:11 PM IST

    Bank fraud cases see a major spike in 2019-20: How prepared is the RBI?

    A look at the latest data of large banks shows a spike in number of fraud cases and the money involved over the previous year. Subsequently,there is a corresponding rise in provisions made.

  • SBI recovers only 7% of bad debt written off over eight years: Report Jul 15, 2020 12:55 PM IST

    SBI recovers only 7% of bad debt written off over eight years: Report

    Out of Rs 1,23,432 crore written off by SBI during from FY13 to FY20, the bank recovered only Rs 8,969 crore.

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