Page 85 of Banking

Bank, Bank NPAs, RBI, Reserve Bank, Bank loans, Banking and finance

Banks’ GNPAs decline to 5 per cent in September 2022, but current situation can impact health: RBI

The decrease in the GNPAs was attributed to lower slippages and also a reduction in outstanding GNPAs through recoveries, upgradations…

December 27, 2022 20:51 IST

Dhoot gets custody till Dec 28; Kochhars’ remand extended

All three were produced before special court judge A S Sayyad.

December 27, 2022 06:15 IST

Credit Credit, credit card shopping, shopping credit, how to get credit card, lifestyle

Active credit cards number rises 20% in November

The RBI had issued directions to banks to deactivate credit cards which were inactive for 365 days. Banks have started…

December 27, 2022 01:45 IST

Bandhan Bank, stressed assets, sale, bidding, Bank, Banking

Bandhan receives Rs 801-cr binding bid for sale of stressed assets

The bank shall go for bidding as per the Swiss challenge method and decision of sale shall be taken as…

December 22, 2022 00:05 IST

IDBI Bank buyer to get tax relief on LIC stake

The provisions of Section 56(2)(x) of the Income Tax Act provide for taxing the difference if the off-market price at…

December 21, 2022 01:20 IST

Fugitive economic offenders defaulted on Rs 37,186-crore loan repayment: Finance Ministry

To crack down on such defaulters, the government had brought in a law in 2018 to attach assets of fugitive…

December 21, 2022 00:15 IST

Banks, Banks in India, Banking news, defaulters, wilful defaulters, NPA, Mehul Choksi, RBI, Reserve Bank of India

Top 50 wilful defaulters owe banks Rs 92,570 crore

Gitanjali Gems, set up by now-fugitive businessman Mehul Choksi, has emerged as the biggest such defaulter.

December 20, 2022 03:40 IST

Govt to take a view on PSB privatisation after consultations with ministries, regulator

The government would minimise number of state-run firms in strategic sectors, including banking while fully exiting from non-strategic sectors.

December 20, 2022 03:10 IST

Govt to amend insolvency law to reduce time taken for resolution process

Amendments to the Insolvency and Bankruptcy Code (IBC), which came into force in 2016 for timely resolution of stressed assets,…

December 18, 2022 15:49 IST

Kotak Bank, banking sector, banking industry

Kotak Bank may further hike FD rate

Kotak Mahindra Bank may evaluate a further hike in its fixed deposit (FD) rate if prevailing market conditions are conducive,…

December 17, 2022 09:31 IST

India, economy, Goldman Sachs, service sector, global capability, technology industry, revenue, employment, services exports, outsourcing, AI, jobs and careers

Goldman Sachs to cut thousands of employees – source

Global banks, including Morgan Stanley and Citigroup Inc, have reduced their workforce in recent months as a dealmaking boom on…

December 16, 2022 21:36 IST

Coordinated efforts taken to contain Chinese loan apps: FM Nirmala Sitharaman in Rajya Sabha

Earlier, raising the issue of illegal Chinese apps, Nadimul Haque of TMC said some 600 apps offer small loans without…

December 16, 2022 16:59 IST

NABARD officers to go on strike on Friday to press for wage related issues

One of the allowances reduced is grade allowance which is paid as per the grade of an officer, the union…

Updated: December 20, 2022 15:56 IST

RBI to promote innovation in financial sector, says governor Das

The meeting was also attended by M K Jain, Deputy Governor, along with a few senior officials of the RBI.

December 14, 2022 20:56 IST

Yes Bank to allot shares, warrants to Carlyle, Advent

The announcement came after the bank in the previous week said it had received two more letters from the Reserve…

December 14, 2022 05:10 IST

SBI, ICICI Bank raise deposit rates sharply

SBI, from May to November, had raised deposit rates by 80 bps in the one-two year bracket. With this increase,…

December 14, 2022 01:00 IST

Expect return on assets to surpass 4% in FY24, says CreditAccess Grameen MD

The company expects to maintain its return on assets at 4% in 2022-23.

December 14, 2022 00:25 IST

Banks wrote off NPAs over 10 lakh crore in last five financial years, says FM Sitharaman

SCBs have recovered an aggregate amount of Rs 6,59,596 crore, including recovery of Rs 1,32,036 crore from written-off loan accounts…

December 13, 2022 16:21 IST

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