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  • Budget 2020 may ease merger burden for 10 state-run banks, capital infusion likely: Report Dec 17, 2019 12:26 PM IST

    Budget 2020 may ease merger burden for 10 state-run banks, capital infusion likely: Report

    Merger related costs would reflect in Q3 and Q4 FY20, and banks thus expect another round of capital infusion after consolidation

  • NHFC crisis poses more bad loan risks for banks: Report Dec 13, 2019 01:54 PM IST

    NHFC crisis poses more bad loan risks for banks: Report

    The spillover of stress among NBFCs to borrowers, and ultimately to banks, will hinder improvements in banks' asset quality, profitability and capital, which is credit negative, says a report by Moody's on Friday.

  • RBI buying dollars via state-run banks: Traders Dec 13, 2019 10:37 AM IST

    RBI buying dollars via state-run banks: Traders

    By 0425 GMT, the partially convertible rupee was at 70.61 per dollar. Earlier in the session, the rupee touched 70.51, its strongest level since Sept. 30. The currency closed at 70.83 on Thursday.

  • The revamped partial guarantee scheme will need a braveheart banker to succeed Dec 13, 2019 09:27 AM IST

    The revamped partial guarantee scheme will need a braveheart banker to succeed

    Even though a sizable chunk of NBFC loans falls under the BBB+ category, the quality of these loans is doubtful

  • Banks gave $745 billion to groups planning new coal power plants: NGOs Dec 06, 2019 11:40 AM IST

    Banks gave $745 billion to groups planning new coal power plants: NGOs

    The report's release comes as world leaders met this week in Madrid for a 12-day UN climate summit, where they are expected to hammer out some of the details of the 2015 Paris agreement.

  • Government wants RBI to buy out stressed assets of shadow banks: Source Nov 28, 2019 12:35 PM IST

    Government wants RBI to buy out stressed assets of shadow banks: Source

    The government has also asked the central bank to consider a one time waiver to banks from classifying some real estate loans as bad loans, the government official, who declined to be named, said.

  • More trouble for banks, bad loans under Mudra Kishore soar 107% in 6 months: Report Nov 28, 2019 10:45 AM IST

    More trouble for banks, bad loans under Mudra Kishore soar 107% in 6 months: Report

    Geared towards non-farm income-generating activities, lack of due diligence and poor monitoring of these loans is the latest worry for the already stressed banking sector.

  • Govt to hold discussions with trade unions planning strike Nov 27, 2019 03:26 PM IST

    Govt to hold discussions with trade unions planning strike

    "The government has till date not received any notice for a nationwide strike on 8th January, 2020," he said.

  • Avoid fintech education loans, as banks charge less and offer better terms Nov 27, 2019 12:58 PM IST

    Avoid fintech education loans, as banks charge less and offer better terms

    Fintech start-ups charge higher interest than banks. Also, these education loans from banks are eligible for tax benefit.  

  • NBFC/HFC bankruptcy provisions positive for banks: Moodys Nov 25, 2019 01:48 PM IST

    NBFC/HFC bankruptcy provisions positive for banks: Moodys

    The government recently empowered RBI to refer stressed NBFCs and HFCs with assets worth of at least Rs 500 crore to insolvency courts after notifying Section 227 of the Insolvency and Bankruptcy Code.

  • Bank merger | Unions to stage dharna before Parliament on December 10 Nov 21, 2019 03:11 PM IST

    Bank merger | Unions to stage dharna before Parliament on December 10

    In August, the government announced its plan to merge 10 public sector lenders into four to create fewer and stronger global-sized banks.

  • 'As market eyes new high smart money could move to banks, FMCG & IT' Nov 11, 2019 12:46 PM IST

    'As market eyes new high smart money could move to banks, FMCG & IT'

    As long as Nifty50 is trading below its previous highs we should take profit in cyclical sectors and buying should be done only in defensive sectors. In the worst-case scenerio, we see the Nifty50 falling to 11,830, 11,770 and 11,720 zones.

  • Home loan comparison: Compare home loan from top banks in India Nov 11, 2019 12:22 PM IST

    Home loan comparison: Compare home loan from top banks in India

    Home Loan Comparison: Different banks offer different housing loan interest rates. Compare latest home loan rates & apply for a best home loan online. Click here & get home loan comparison of some of the top banks in India.

  • Banks, BSNL-MTNL merger need more deliberation: BMS Nov 08, 2019 07:37 PM IST

    Banks, BSNL-MTNL merger need more deliberation: BMS

    BMS general secretary Vrijesh Upadhya was addressing a press conference to announce celebrations beginning November 10 for the birth centenary of Dattopant Thengdi, an economic thinker and founder of the BMS, Swadeshi Jagran Manch and Kisan Sangh. RSS chief Mohan Bhagwat will be the chief guest on the occasion, he said.

  • India's bad debt pile eased by write-offs, underlying problem far from resolved Nov 08, 2019 01:10 PM IST

    India's bad debt pile eased by write-offs, underlying problem far from resolved

    The write-offs illustrate the urgent problem of bad loans as borrowers struggle to service, let alone pay-off, their debt in a stuttering economy.

  • Are we seeing the beginnings of India’s sub-prime loan problem? Nov 05, 2019 08:56 AM IST

    Are we seeing the beginnings of India’s sub-prime loan problem?

    NBFC consumer lending data show 45 percent of origination is from the ‘below prime’ segment

  • Withdrawing money? Follow these steps to keep frauds at bay Nov 01, 2019 09:10 AM IST

    Withdrawing money? Follow these steps to keep frauds at bay

    Customers, especially senior citizens, must take several precautions while taking out cash from their bank accounts

  • Mountain of NPAs? Blame it on inter-corporate loans Oct 31, 2019 02:27 PM IST

    Mountain of NPAs? Blame it on inter-corporate loans

    Along with restricting inter-corporate loans, the government should also put an end to the practice of omnibus objects clauses

  • Did the market jump the gun in celebrating the reduction in pledged shares? Oct 30, 2019 09:19 AM IST

    Did the market jump the gun in celebrating the reduction in pledged shares?

    In many cases, pledged shares have been reduced because of compulsion, not due to improved company fundamentals

  • Classroom | When investing in bank stocks, what are the key parameters I should look at? (Equity: Part 18) Oct 25, 2019 06:03 PM IST

    Classroom | When investing in bank stocks, what are the key parameters I should look at? (Equity: Part 18)

    For the principal activity of lending, banks earn a spread, which is the difference between the cost at which they borrow funds and then lend it to their customers.

  • SBI, Oriental Bank of Commerce to spend Rs 1,000 cr for Diwali gifts to staff: Report Oct 25, 2019 03:51 PM IST

    SBI, Oriental Bank of Commerce to spend Rs 1,000 cr for Diwali gifts to staff: Report

    The gift packages will consist of sweets, dry fruits, and chocolates, as these PSBs’ competent authorities have issued directions against monetary gifts

  • Dhanteras Offers: Festival discounts on credit, debit card from SBI, HDFC and ICICI Bank Oct 25, 2019 03:03 PM IST

    Dhanteras Offers: Festival discounts on credit, debit card from SBI, HDFC and ICICI Bank

    Here are a few schemes on offer by State Bank of India (SBI), HDFC Bank and ICICI Bank

  • Early Q2 results flag continuing asset quality pressures at banks Oct 23, 2019 10:33 AM IST

    Early Q2 results flag continuing asset quality pressures at banks

    The risk is high especially from the real estate sector where credit from NBFCs has been choked off. Starved of liquidity, builders are struggling to pay their non-bank lenders, who in turn are defaulting on their dues to banks.

  • Reinvent, scale or perish: McKinsey advises banks to withstand downturn Oct 22, 2019 12:11 PM IST

    Reinvent, scale or perish: McKinsey advises banks to withstand downturn

    The biggest challenge traditional financial institutions face comes from fin-tech startups and Silicon Valley giants

  • Bank strike | Several PSB branches, ATMs may be shut; SBI branches to remain open Oct 22, 2019 08:35 AM IST

    Bank strike | Several PSB branches, ATMs may be shut; SBI branches to remain open

    "The membership of our bank employees in unions participating in strike is very few, so the impact of strike on Banks operation will be minimal," SBI said in a filing to stock exchanges last week.

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