Banking Finance News

Finmin widens monitoring of NPAs at public sector banks to top 50 accounts

Finance ministry has widened its monitoring of NPA from ‘top 30’ NPA accounts to ‘top 50’ for all state-owned lenders.

FinMin also asks lenders to submit action-taken report for such accounts as in Dec 2013.

Finmin turns down proposal to split CMD post in PSBsEmployee-benefit provisioning to hit public sector banks hard
At the Forex market, Indian rupee resumed better at 60.30 a US dollar from previous close of 60.37.
Indian rupee up 8 paise against US dollar at 60.29
At the Forex market, Indian rupee resumed better at 60.30 a US dollar from previous close of 60.37.

US dollar, Indian rupee edges higher on oil demand; stx gains limit upside

USD/INR trading at 60.45/46 versus its previous close of 60.37/38, retreating sharply from the day's...

Credit growth slips to 13.8 pct; deposits up 15 pct

RBI's estimate of the credit growth for FY14 was 15 pct, while for deposits it was 14 pct.

Indian rupee snaps three day fall; share gains help

The Indian rupee recovered in late trade on Thursday, boosted by gains in the domestic sharemarket.

IFC, Wargburg, Chrys Cap pump $21 m more into Au Financiers

Jaipur-based auto loan company Au Financiers has raised $21 million from a clutch of investors to ex...
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We plan to raise Rs 2,500 crore this fiscal: Indian Overseas Bank CMD
Having just weathered a tough year, Chennai-based Indian Overseas Bank (IOB) is sparing no effort t...
Indian rupee vs US dollar edges higher on oil demand; Indian stocks gains limit upside
Traders, however, expect the pair to see strong resistance at around 60.50 levels, limiting much fur...
NBFCs’ asset quality a concern, says Crisil
Non-banking finance companies (NBFCs) are expected to report a growth rate of 16-18% in their loan b...
Saradha group chit fund scam: Sudipta Sen sent to judicial custody
Police did not seek his further remand for Sudipta Sen, the chairman of the Saradha Group.
Non-food credit growth continues to lag deposits
Non-food credit stood at R59,97,266 crore as on April 4, up 14.2% from a year ago
Expect deposit growth of above 20% going forward
In terms of credit growth, there has been a slowdown in the vehicle finance business and disbursemen...
Cobrapost sting: NABARD chief gives clean chit to co-operative banks
RBI has maintained that no transaction has happened while the sting also does not point to money lau...
Increase usage of Sarfaesi law to recover bad loans, finmin tells PSB chiefs
The finance ministry has asked public sector banks (PSB) to increase the usage of Sarfaesi Act provi...
RBI or SEBI should create awareness against ponzi schemes: SBI
RBI...or SEBI should begin a major campaign in line with Jago Grahak Jago, says Pratip Chaudhuri.
Indian rupee up 10 paise against US dollar
The Indian rupee strengthened by 10 paise to trade at 60.27 against the US dollar at the Interbank F...
State Bank of India suggests RBI as single regulator for all home loans
A single regulator having same rules for all players would help remove regulatory arbitrage: SBI
RBI for independent body to fix benchmark foreign exchange rate
The RBI on Wednesday suggested setting up of an independent body for recommending benchmark foreign ...
ATM heist: India's IT sector in unwelcome spotlight
Global banks were already under pressure to step up oversight of back-office functions.
Indian rupee at 3-week closing 60.37 against US dollar
The Indian rupee today lost 14 paise to register its three-week closing low of 60.37.
Indian rupee logs biggest fall in a week vs US dollar
Indian rupee commenced lower from previous close of 54.77 and immediately touched 55.00.
IndusInd Bank net profit up 29% at Rs 396 cr on higher margins, fee income
IndusInd Bank net profit jumped 33 pct to Rs 1,408.02 cr as against Rs 1,061.18 cr in the previous y...
Overseas business margins under pressure: SBI
State Bank of India today said it would review returns from its foreign and domestic business.
Indian rupee sees worst falling streak in 2-1/2 months
The Indian rupee dropped for a third straight session on Wednesday.
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