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  • Banks recover Rs 13,706 crore from six large assets through insolvency route in one year Jun 18, 2021 06:59 PM IST

    Banks recover Rs 13,706 crore from six large assets through insolvency route in one year

    On the few cases that reached resolution, banks took an average haircut of around 60 percent on admitted claims.

  • Bank of Maharashtra relaxes transfer policy for staff during pandemic Jun 17, 2021 06:08 PM IST

    Bank of Maharashtra relaxes transfer policy for staff during pandemic

    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.

  • Coronavirus impact | Public sector banks warming up to finance COVID-19 healthcare infrastructure Jun 14, 2021 10:14 AM IST

    Coronavirus impact | Public sector banks warming up to finance COVID-19 healthcare infrastructure

    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.

  • Banks see pressure on interest margins as high provisions, lower interest rates pinch Jun 10, 2021 06:47 PM IST

    Banks see pressure on interest margins as high provisions, lower interest rates pinch

    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.

  • NPA woes: Banks write off Rs 1.53 lakh crore in FY21, 6% up from previous year Jun 09, 2021 05:54 PM IST

    NPA woes: Banks write off Rs 1.53 lakh crore in FY21, 6% up from previous year

    Twenty banks which have disclosed data on write-offs have seen the aggregate number rise from Rs 1.45 lakh crore

  • Privatisation plans for Central Bank of India, Indian Overseas Bank likely to face hurdles: Analysts Jun 09, 2021 11:33 AM IST

    Privatisation plans for Central Bank of India, Indian Overseas Bank likely to face hurdles: Analysts

    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.

  • Exclusive interview | Arcil MD & CEO Pallav Mohapatra says stress seen in retail, MSME segments; ARCs must prepare Jun 08, 2021 01:22 PM IST

    Exclusive interview | Arcil MD & CEO Pallav Mohapatra says stress seen in retail, MSME segments; ARCs must prepare

    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.

  • Centre may sell stake in Central Bank of India, Indian Overseas Bank in privatisation move Jun 07, 2021 02:01 PM IST

    Centre may sell stake in Central Bank of India, Indian Overseas Bank in privatisation move

    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.

  • RBI Monetary Policy | Have major concerns about cryptocurrencies, no change in our position, says Shaktikanta Das Jun 04, 2021 01:55 PM IST

    RBI Monetary Policy | Have major concerns about cryptocurrencies, no change in our position, says Shaktikanta Das

    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.

  • Cases of digital frauds surge during pandemic; Mumbai, Delhi and Chennai top chart Jun 03, 2021 07:36 PM IST

    Cases of digital frauds surge during pandemic; Mumbai, Delhi and Chennai top chart

    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.

  • HDFC Bank to give loans for EVs, solar rooftops as part of strategy for carbon neutrality Jun 03, 2021 04:12 PM IST

    HDFC Bank to give loans for EVs, solar rooftops as part of strategy for carbon neutrality

    The bank plans to turn carbon-neutral over the next 10 years.

  • Government’s ECLGS push sends banks’ exposure to MSMEs soaring Jun 03, 2021 01:53 PM IST

    Government’s ECLGS push sends banks’ exposure to MSMEs soaring

    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

  • Premature FD withdrawal penalty: Unfair in COVID? Jun 02, 2021 06:27 PM IST

    Premature FD withdrawal penalty: Unfair in COVID?

  • COVID-19 crisis: Banks may beef up provisions to year-ago level in April-June quarter, say analysts Jun 02, 2021 06:08 PM IST

    COVID-19 crisis: Banks may beef up provisions to year-ago level in April-June quarter, say analysts

    While banks have so far been cautious about forecasting credit costs, analysts see the fresh provisioning burden at around Rs 56,000 crore.

  • Interview | Wealth management a major focus; credit costs may fall again – BoB chief May 31, 2021 03:23 PM IST

    Interview | Wealth management a major focus; credit costs may fall again – BoB chief

    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

  • State Bank of India puts two corporate bad loan accounts worth Rs 410 crore on sale May 31, 2021 03:11 PM IST

    State Bank of India puts two corporate bad loan accounts worth Rs 410 crore on sale

    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.

  • Cryptocurrency: HDFC, SBI, other banks warn users of account suspension if trading continues May 31, 2021 12:27 PM IST

    Cryptocurrency: HDFC, SBI, other banks warn users of account suspension if trading continues

    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.

  • Coronavirus relief measures: PSBs standardise three products for medical infra, COVID-19 treatment of individuals May 30, 2021 01:18 PM IST

    Coronavirus relief measures: PSBs standardise three products for medical infra, COVID-19 treatment of individuals

    Public sector banks have also standardised the procedure for the new restructuring framework.

  • Banks will take Nifty to 16,000; ICICI Bank and SBI stocks to watch: Gautam Shah May 28, 2021 02:51 PM IST

    Banks will take Nifty to 16,000; ICICI Bank and SBI stocks to watch: Gautam Shah

    “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.

  • ED to transfer Vijay Mallya’s attached assets to banks, says PMLA court  May 27, 2021 03:12 PM IST

    ED to transfer Vijay Mallya’s attached assets to banks, says PMLA court 

    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.

  • Banks’ gross NPAs to fall in FY21 on restructuring, write-offs and economic resilience: CARE Ratings May 26, 2021 09:47 PM IST

    Banks’ gross NPAs to fall in FY21 on restructuring, write-offs and economic resilience: CARE Ratings

    Regulatory and government schemes also helped cushion the impact of the pandemic.

  • Manappuram Finance auctions Rs 404 crore worth gold in Jan-March quarter May 26, 2021 06:38 PM IST

    Manappuram Finance auctions Rs 404 crore worth gold in Jan-March quarter

    This marked a massive jump in auctions compared with just Rs eight crore in the nine months to December 2020

  • RBI Governor Shaktikanta Das tells private bank chiefs to boost credit flow May 25, 2021 06:27 PM IST

    RBI Governor Shaktikanta Das tells private bank chiefs to boost credit flow

    Das told bankers to continue strengthening their balance sheets.

  • COVID-19 Second Wave: Banks brace for impact as vaccination pace slows May 25, 2021 04:44 PM IST

    COVID-19 Second Wave: Banks brace for impact as vaccination pace slows

    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.

  • You can now enjoy doorstep banking from public sector banks; check details May 19, 2021 09:57 AM IST

    You can now enjoy doorstep banking from public sector banks; check details

    Major government banks have come together to form PSB Alliance to jointly offer customers important banking services, including financial and non-financial services.

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