Commercial Banks

Board discussions have to be free, fair and democratic, Das said, addressing directors of Urban Cooperative Banks (UCBs) at a meeting organised by the Reserve Bank of India (RBI).

RBI asks banks to increase supply of notes to rural branches

In order to supply more bank notes to currency-starved rural branches of banks, the RBI has asked lenders to increase issuance of fresh notes. The banks have been told to increase supply to regional rural banks, district cooperative central banks and commercial banks.

Comment: Why Modi has to stop counting cash and revive the economy

Demonetisation has had many unintended consequences: for commercial banks, it has led to a problem of plenty. As people rush to deposit their old Rs 500 and Rs 1,000 notes, deposits have shot up by Rs 5.44 lakh crore.

NBFCs need more funding options to keep rates affordable

Until not very long ago, many observers and commentators believed that the role of non-banking financial companies (NBFCs) in India‘s financial system was fast diminishing.

Bad loans & they have become only worse for banks

The gross non-performing assets of scheduled commercial banks have zoomed 10 times in the last ten fiscal years. In FY16, the stressed assets of these banks were a whopping Rs 5.41 lakh crore. Rewind a decade. It was a mere Rs 51,000 crore in FY06.

Commercial banks deposits double to Rs 89L cr during 2010-2015

Deposits with commercial banks almost doubled during 2010-2015 to Rs 89.22 lakh crore while their credit rose twofold to Rs 68.78 lakh crore during the same period, RBI data showed on June 27

Four Fed banks called for discount rate hike

The Kansas City and Richmond Federal Reserve banks renewed calls for an increase in the Fed's lending rate for banks ahead of the central bank's last policy meeting, and were joined by Cleveland and San Francisco.

ECB fires off volley of shots in eurozone anti-deflation fight

The ECB slashed already record-low interest rates, prepared to pump massive new sums into the banking system and, for the first time, said it would start buying corporate bonds.

Budget 2016: Financial services – FM could have done more

Union Budget 2016 revolved around the themes of ‘Make in India‘ and ‘Ease in doing business in India‘

Govt seeks views on Ind AS compliant fin statement format

According to the draft, financial statements should disclose all material items such as those which can "individually or collectively, influence the economic decisions that users make on the basis of the financial statements".

India Inc wants banks to fully pass on previous rate cuts

Raghram Rajan left the key policy rate steady at 6.75 percent at the Reserve Bank's fifth bi-monthly policy review of 2015-16 on Tuesday. The repo is the benchmark lending rate at which RBI lends to commercial banks.

Credit, deposits growth decline in Q2: RBI

The deceleration was generally broad-based across the population groups except for constant deposits growth in semi-urban areas, and accelerated growth in gross bank credit in the urban areas, the apex bank said in a report titled 'Quarterly Statistics on Deposits and Credit of Commercial Banks: September 2015'.

Bank credit grows 9.54% to Rs 67,83,127 crore

The loans stood at Rs 61,92,158 crore in the same period last year. Advances grew by 9.45 percent at Rs 68,30,245 crore in the previous fortnight from Rs 62,40,256 crore in the same period last year.

Banks non-food credit growth slows to 8.4% in August

Personal loans increased 17.3 percent in August, up from an expansion of 13.4 percent in the same month last year. Credit to agriculture and allied activities rose by 12.1 percent in the reporting month compared with an increase of 18.8 percent a year ago.

RBI expected to stand pat, words weighed for future cuts

India's central bank policy review is expected to yield little in the way of action on Tuesday, but its statement will be pored over for clues as to whether there is a chance of another interest rate cut this year

Bank credit growth slows to 9.8%

Growth rate of credit by scheduled commercial banks slowed to 9.8 percent at Rs 66,33,417 crore for the fortnight ended May 29, as per Reserve Bank data.

Bank credit grows at 10.16%; deposits up 11.85%: RBI

Deposits of the banks increased by 11.85 percent to Rs 87,39,610 crore in the period under review as against Rs 78,13,536 crore in the year-ago period, the data showed.

FY14 credit growth slips to 13.7%: RBI

The Reserve Bank said the basic statistical returns of banks provides data on different dimensions of deposits and credit of the banking sector.

21 banks lower lending rates after RBI rate cut: Sinha

Reserve Bank of India had cut the repo rate by 0.25 percent on January 15 and further by 0.25 percent on March 4.

Licences of small banks in a few months: RBI's Gandhi

The objective of licensing small banks is to promote financial inclusion by offering savings vehicles and credit to small business units and other unorganised sector entities.

China cuts bank reserves again to counter slowdown

The People's Bank of China (PBOC) lowered the reserve requirement ratio for all banks by 100 basis points to 18.5 percent.

RBI guidelines & policies for SME lending

To enable the banks to have the present instructions standardized, RBI has issued a master circular which includes the existing guidelines with regards to SME loans in India.

CCI rejects cartelisation charges against 12 banks

A complaint filed by Muthoot Mercantile, a gold financing firm, had alleged that the 12 scheduled commercial banks had entered into an anti-competitive arrangement to determine the price and control the gold loan business.

Govt might buy gold from citizens to ease rupee crisis

The central bank may soon come up with a radical plan to direct commercial banks to buy gold from ordinary citizens and divert it to metal refiners to curb gold imports.

RBI says will deploy all options to tackle cash crunch

The RBI said on Monday it will consider all the options available to it to tackle tight liquidity in the market including adjusting banks' cash reserve ratio, and not just confine itself to bond purchases.