PTI | December 30, 2017 6:27 PM
State-run Dena Bank today said it has received capital infusion of Rs 243 crore from the government.
FE Online | December 30, 2017 2:49 PM
Giving a huge relief to the providers of digital wallets and prepaid instruments, the Reserve Bank of India (RBI) has granted them two more months (till February) to complete ‘know your customer’ (KYC) compliance of existing users. Earlier, the RBI had asked all the prepaid instruments including Paytm to complete minimum KYC of users by December 31, 2017.
PTI | December 30, 2017 2:08 PM
State-run Bank of India today said it has received capital infusion of Rs 2,257 crore from the government.
Kotak Institutional Equities and guest | December 30, 2017 5:44 AM
The overall deposits in banks grew 11% year-on-year (y-o-y) in FY17, driven largely by current account and savings deposits after demonetisation.
There are differing views of Artificial Intelligence (AI), with Elon Musk asserting that “AI is the biggest risk we face as a civilisation” on one end, and Bill Gates stating that such threats are not quite true, on the other extreme of the spectrum.
FE Bureau | December 30, 2017 3:08 AM
Banks are unlikely to cut deposit rates despite the recent cut in interest rates on small savings schemes by the government, ratings agency Icra said on Friday.
PTI | January 19, 2018 6:25 PM
Finance Minister Arun Jaitley chaired a meeting with financial sector regulators during which they gave proposals for the Union Budget to be presented on February 1.
PTI | December 29, 2017 11:02 PM
Bihar’s Deputy Chief Minister Sushil Kumar Modi said that rural banks have to disburse a loan of Rs 22,920 crore among the farmers of the state in the current financial year.
PTI | December 29, 2017 8:35 PM
The city-based Karnataka Bank has achieved a milestone of Rs one lakh crore business in its activtities since its inception 93 years ago, Managing Director and CEO of the Bank, M S Mahabaleshwara said here today.
PTI | December 29, 2017 7:12 PM
Lead by a tepid 1 percentage point growth in industrial credit, non-food credit as a whole of banks rose by 8.8 per cent in November, which is almost double from the 4.8 percentage point growth clocked in the year-ago month, according to the RBI data released today.
PTI | December 29, 2017 6:47 PM
Over 25,800 fraud cases involving about Rs 179 crore related to credit/debit cards and Internet Banking were reported in 2017 (up to December 21), Parliament was informed today.
PTI | December 29, 2017 6:44 PM
Public sector lender Canara Bank today said it will not sell its stake in asset management division firm Robeco Asset Management Company due to huge growth opportunities in the sector.
PTI | December 29, 2017 5:43 PM
The government on Friday said it has no plans to waive corporate loan and banks are advised to resolve stressed accounts speedily or start insolvency proceedings case by case.
PTI | December 29, 2017 3:36 PM
Around 25 per cent of existing jobs in BFSI space are expected to face existential threat by 2022, as the sector is witnessing rising adoption of automation to increase efficiency, says a report.
PTI | December 27, 2017 6:06 PM
The retail credit growth for non-banking financial companies is likely to be moderate at 16-18 per cent in the current fiscal, helped by some asset classes, such as SME credit, says a report.
PTI | December 27, 2017 1:52 PM
The Reserve Bank of India is expected to go in for a policy rate cut of 25 bps in April next year to signal lower lending rates, which are key to the economic recovery, says a report.
PTI | December 26, 2017 9:40 PM
Employee unions of public sector banks have deferred their tomorrow’s strike, various state-run lenders said today.
PTI | December 26, 2017 5:29 PM
Manufacturing activity showed moderate growth with annual SBI Composite Index rising to 53.1 in December compared to 53 in the previous month.
PTI | December 26, 2017 4:30 PM
Keeping out wilful defaulters from bidding for stressed assets is not a “moral issue”, but a choice between certainty and uncertainty, IBBI Chairperson MS Sahoo has said.
FE Online | December 26, 2017 10:15 AM
As a part of the reform process to strengthen the financial, the finance ministry has asked public sector banks (PSBs) to look at rationalising their domestic and overseas branches as part of the reform process to strengthen their financials.
PTI | December 25, 2017 4:37 PM
The finance ministry has asked public sector banks to look at rationalising their domestic and overseas branches as part of the reform process to strengthen their financials.
PTI | December 24, 2017 7:49 PM
Concerned over rising NPAs of the banks, a Parliamentary panel asked the government to take urgent remedial measures to reduce volume of stressed assets in the system and strengthen vigilance mechanism.
PTI | December 24, 2017 6:00 PM
Bad loans of Public sector banks (PSBs) stood at Rs 7.34 lakh crore by the end of second quarter this fiscal, a bulk of which came from corporate defaulters, according to Reserve Bank data.
PTI | December 24, 2017 11:31 AM
Education loans too have started bleeding the banking sector with the default in repayment rising to 7.67 per cent of the outstanding amount at March- end, 2017 from 5.7 per cent two years ago.
PTI | December 23, 2017 4:08 PM
Private sector lender Yes Bank today said it has established a Medium Term Note programme to raise $1 billion (over 6,400 crore) by issuing debt securities on private placement basis.
FE Bureau | December 29, 2017 1:34 PM
The government and the Reserve Bank of India (RBI) on Friday moved swiftly to scotch rumours of the closure of any public sector bank (PSB), with the finance ministry stressing capital infusion and other reform measures for the state-run banks are “firmly on track”.
PTI | December 22, 2017 5:15 PM
Banks lost a whopping Rs 16,789 crore on account of frauds in the last fiscal, the finance ministry said in the Lok Sabha today.
- Budget 2018 income tax expectations: From children education to LTA, what salaried class wants from Arun Jaitley
- Union Budget 2018: 5 best retirement tax benefits schemes from world can be implemented in India
- Budget 2018: IT, Pharma, FMCG, Oil & Gas sectors offer good opportunity to investors, says Shiv Kukreja, Ojas Capital
- Budget 2018: Sensex and Nifty may react to these key factors, say top mutual fund managers
- Union Budget 2018: Consumer durables makers seek import duty on imported items
- Budget 2018: Investment in banking stocks could be a good bet ahead of the big day
- Union Budget 2018: Real estate companies want these changes from Modi government on February 1
- Budget 2018: Common man’s ‘dream home’ can be realised if Modi government does this on February 1
- Union Budget 2018 to be pivotal for Modi government’s ‘Make in India’ and the manufacturing sector