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 03:23 PM IST
MSMEs are the worst hit by COVID-19 and need support, while the impact on the corporate sector is limited, with large sections of the economy are working at near-normal level, BoB Managing Director & CEO Sanjiv Chadha says
- May 31, 2021 03:11 PM IST
The two accounts are Kamachi Industries and Tantia Agrochemicals. The bank’s exposure to Kamachi Industries stands at Rs 355.93 crore and that to Tantia at Rs 53.52 crore.
- May 31, 2021 12:27 PM IST
Banks, including HDFC Bank and State Bank of India, have said that users who deal in cryptocurrencies may face account suspension citing a 2018 circular from the Reserve Bank of India.
- May 30, 2021 01:18 PM IST
Public sector banks have also standardised the procedure for the new restructuring framework.
- May 28, 2021 02:51 PM IST
“There are new leaders emerging; in the past, it was HDFC Bank and Kotaks’ of the world, but they have underperformed and ICICI Bank and SBI have taken over a trend which I see continuing over months to come,” said Gautam Shah.
- May 27, 2021 03:12 PM IST
A State Bank of India-led consortium of banks can now auction these properties to recover their dues that run in excess of Rs 9,000 crore.
- May 26, 2021 09:47 PM IST
Regulatory and government schemes also helped cushion the impact of the pandemic.
- May 26, 2021 06:38 PM IST
This marked a massive jump in auctions compared with just Rs eight crore in the nine months to December 2020
- May 25, 2021 06:27 PM IST
Das told bankers to continue strengthening their balance sheets.
- May 25, 2021 04:44 PM IST
A senior executive with a mid-sized private bank said it would be “utopian” to believe the whole population will be vaccinated by year-end.
- May 19, 2021 09:57 AM IST
Major government banks have come together to form PSB Alliance to jointly offer customers important banking services, including financial and non-financial services.