Nayyar was appointed the executive vice-chairman in 2018 and has been leading the IL&FS resolution.
In a recent S&P Global Market Intelligence analysis, Indian banks dominated the list of 15 worst-performing bank stocks in the Asia-Pacific region during the September quarter. Sixteen of the 20 largest Asia-Pacific banks saw declines in their market capitalization in Q2 FY21. Indian bank stocks have been on a declining trend in 2020.
Big banks have said they are generally prepared for a wave of loan defaults they expect in the second half of next year
private lender Yes Bank topped the list of worst-performing banks with a degrowth of 48.63 percent in Q3 2020
968 infected and 1 dead are SBI staff, while among private banks, 390 of Axis Bank staff tested positive
Here is a list of 10 banks that offer best fixed deposit rates for senior citizens on three-year FDs
Check out the public sector banks that offer the best savings account interest rate
Larger housing finance companies offer interest rates in the range of 7-7.2 per cent, but several other NBFCs charge much higher rates
With economic activity gathering pace following the announcement of Unlock guidelines, temporary measures would not be a viable solution to address the cashflow issues of borrowers
Banks now appear to be cashing in on the digital payments wave
Public-sector banks lead the race; interest rates range between 6.85-7.3 per cent
Credit cards gain popularity as startups work out innovative solutions with banks to expand the user base. Can new-age private banks corner a larger market share through these partnerships?
With customers moving to technology platforms, banks are fulfilling only last-mile connectivity. They are losing out on key customer data that are a huge differentiator. IBM India is pinning hopes on these factors.
“COVID-19 has had almost the same positive impact as demonetisation," said Prabhu Ram, Managing Director and Group CEO of Payswiff.
A ray of hope can be ascribed to the fact that now with improved capitalisation of public sector banks, there could be a decline in contagion losses to the financial system.
The study revealed that 73 percent respondents were willing to share health record data with insurance companies for recommendations on addressing potential medical issues, while 72 percent were willing to share data with government agencies to expedite access to services such as driver’s licence and government benefits.
The Reserve Bank's rate-setting Monetary Policy Committee (MPC) will meet next week to decide on the policy stance amid the urgency to revive the COVID-19 hit pandemic
As part of the Aatmanirbhar Bharat Package, the government had announced Rs 3 lakh crore Collateral-free Automatic Loans for businesses, including MSMEs.
RBI directions for Vasantdada Nagari Sahakari Bank, the Kapol Cooperative Bank and the Maratha Sahakari Bank have been extended for varying periods
Viral Acharya, the former RBI deputy governor, said that some of the diluted measures were important to ensure that the banking system does not become vulnerable to short-term pressures.
In this edition of Business Insight, find out what is the one-time restructuring scheme and why bankers are not in favour of moratorium extension.
Given the economic situation at present, banks are taking a conservative approach in retail lending, as uncertainty looms large over retail segment loans as the private sector grapples with pay cuts and job losses.
Banks in the country are likely to witness a spike in their non-performing assets ratio by 1.9 percent and credit cost ratios by 130 basis point in 2020, following the economic slowdown on account of Covid-19 crisis, S&P Global Ratings said in a report
Banks like RBL Bank, Federal Bank and DCB Bank are now likely to join the their bigger peers such as ICICI Bank and Axis Bank in planning a share sale some time this year
As many as 8.5 lakh bank employees are set to benefit from the wage hike, which will be effective from November 2017.