Jul 29, 2021 08:06 PM IST
Listed SMEs and startups will become globally competitive and offer a significant contribution to India's economic development and job creation, say experts.
- Jul 26, 2021 03:28 PM IST
Scheduled commercial banks (SCBs) were carrying NPAs worth Rs 8.96 lakh crore on their balance sheet at the end of March 2020.
- Jul 14, 2021 03:27 PM IST
Interest rates start from 6.65 percent
- Jul 14, 2021 01:06 PM IST
SBI has urged the users to go to the Income Tax e-filing portal and link PAN and Aadhaar to enjoy 'seamless banking services'.
- Jul 08, 2021 04:01 PM IST
Analysts are of the view that the stress on lenders’ balance sheets will appear gradually over the course of FY22 as the impact of regulatory forbearances wears off.
- Jul 01, 2021 06:53 PM IST
Lenders saw a worsening in the quality of consumer credit after the moratorium was lifted and the retail segment may account for the future rise in bad loans, the central bank said.
- Jun 29, 2021 10:43 PM IST
.As per the RBI, it imposed penalty on SVC Co-operative Bank for non-compliance with directions on 'Interest Rate on Deposits' and 'Frauds Monitoring and Reporting Mechanism'.
- Jun 29, 2021 06:32 PM IST
Personal loans continued to grow at a robust pace and recorded 13.5 per cent growth y-o-y in March 2021. Credit to the household sector rose by 10.9 percent and its share in total credit rose to 52.6 per cent in March 2021 from 49.8 percent a year ago, the central bank said.
- Jun 25, 2021 08:05 PM IST
He said the bank is comfortably placed in terms of growth capital and it will explore opportunities for lending in promising sectors to diversify the portfolio and to contain the risks.
- Jun 25, 2021 06:13 PM IST
The tenure of managing directors of UCBs shall not be for a period more than five years at a time and the post cannot be held by the same incumbent for more than 15 years, the RBI said.
- Jun 18, 2021 06:59 PM IST
On the few cases that reached resolution, banks took an average haircut of around 60 percent on admitted claims.
- Jun 17, 2021 06:08 PM IST
For FY22, the bank’s board has relaxed the criterion for staff’s stay in a single zone by one year. Transfers from one zone to another will take place after a gap of seven years, as against six years earlier.
- Jun 14, 2021 10:14 AM IST
Fresh COVID loans under the RBI's Rs 50,000 crore term liquidity facility will be classified as ‘priority sector lending’ till time of repayment or maturity of the loans.
- Jun 10, 2021 06:47 PM IST
The impact on NIMs was higher in the case of public sector banks because of the presence of low-yielding products in their loan mix.
- Jun 09, 2021 05:54 PM IST
Twenty banks which have disclosed data on write-offs have seen the aggregate number rise from Rs 1.45 lakh crore
- Jun 09, 2021 11:33 AM IST
The whole deal may not be as easy as it sounds, say analysts. Potential buyers for lenders like Central Bank and Indian Overseas Bank, the likely targets for privatisation, could be worried about the PCA tag, weak financials, say experts.
- Jun 08, 2021 01:22 PM IST
Arcil is in talks with fintech players to use predictive analysis and artificial intelligence-based systems that can ease the processes of acquisition and collection in the small borrower segment.
- Jun 07, 2021 02:01 PM IST
Banks privatisation: Central Bank of India and Indian Overseas Bank have been recommended for divestment by the NITI Aayog, but another potential sell includes the Bank of India.
- Jun 04, 2021 01:55 PM IST
The central bank has conveyed its concerns to the government and it is for the investor to take "a very careful call with regard to his own investments", Das has said.
- Jun 03, 2021 07:36 PM IST
The share of suspected fraudulent digital transaction attempts originating from India increased 28.32 percent over the 12 months ending March, 2021 compared with the previous 12 months, according to a report.
- Jun 03, 2021 04:12 PM IST
The bank plans to turn carbon-neutral over the next 10 years.
- Jun 03, 2021 01:53 PM IST
The data for April shows that banks’ outstanding loans to medium enterprises jumped 44 percent between April 2020 and April 2021, while in the micro and small segment it rose nearly four percent
- Jun 02, 2021 06:27 PM IST
- Jun 02, 2021 06:08 PM IST
While banks have so far been cautious about forecasting credit costs, analysts see the fresh provisioning burden at around Rs 56,000 crore.
- May 31, 2021 06:19 PM IST
Indian equity markets continued their winning momentum, with benchmark indices rising a percent each and the Nifty hitting a fresh record high of 15,606.35. Metal, banks and realty stocks gained most. Among individual gainers, JSW Steel, ICICI Bank and Reliance Industries were top gainers on the benchmark Nifty50.