Banks may be apprehending larger slippages in the quarters ahead, with provisions made by a clutch of private sector banks during FY19 rising nearly 13% year-on-year (y-o-y), even as the value of gross non-performing assets (
The State Bank of India (SBI)-led consortium of lenders to Coastal Energen, which owes them Rs 8,176 crore, on Monday sought bids for the stressed power plant from companies, funds and private equity investors.
An analysis by Razorpay of all kinds of transactions on its gateway shows consumers tend to opt for netbanking over UPI and wallets for larger payments.
For payments banks, 2018-19 turned out to be an important milestone. It was when they joined the ranks of the top 10 mobile-banking players, matching them in volumes.
The sale process was initiated after the now-grounded airline failed to repay Rs 415 crore of dues, in addition to interest and other charges, owed to the mortgage financier.
Growth in banks' retail loan portfolios have been on a downward trend since November 2018 amid slowing consumption demand and falling auto sales, showed data from the Reserve Bank of India (RBI).
With 674 million transactions worth Rs 1.07 lakh crore during February, UPI stood head and shoulders above mobile wallets, which together clocked 345 million transactions worth Rs 14,279 crore during the same month.
IDBI Bank has called for applications for nearly 950 positions, many of them in specialised roles, after the bank was taken over by Life Insurance Corporation (LIC) of India.
In August 2018, the National Payments Corporation of India (NPCI), its parent, launched an upgraded version of the UPI with a bank account-to-bank account payment feature that allowed money to be transferred using nothing mor
It intends to shift focus from corporate lending to retail, and aspires to raise share of retail banking portfolio to 70% from 50% at present in 5 years
State Bank of India (SBI) has bought loan pools worth only about Rs 17,000 crore so far in FY19 from non-banking financial companies (NBFCs), against the stated target of Rs 45,000 crore, sources told FE.
A consortium of lenders led by Bank of Baroda (BoB) has put on sale their exposure to Garden Silk Mills on a 100% cash basis, according to a bid document. As on February 21, the company owed Rs 2,311 crore to banks. All bank
Breaking into a consortium to lend to a good company in India is not just tough because of a surfeit of banks, but also time-consuming, Rajat Verma, head – commercial banking, HSBC India says.
The NPCI is working on a platform to enable banks to check the Aadhaar seeding status of a customer on their behalf through Aadhaar-enabled Payment System (AePS).
Last month, banks met to discuss seven-eight projects and arrive at a final resolution with regard to Jaiprakash Associates-promoted Prayagraj Power Generation Company’s 1,980 MW Bara unit and SKS Chhattisgarh’s 1,200 MW
The Reserve Bank of India (RBI) on Friday stepped in to slow the flow of credit flow to non-banking financial companies (NBFCs) by making it more expensive for banks to lend to them.
Vijaya Bank saw the steepest increase in write-offs — 243 times y-o-y to Rs 487 crore in Q3FY19. This was followed by IDBI Bank, which saw a 4,783% y-o-y rise in write-offs to Rs 562 crore in Q3FY19.
Bank of India (BoI) sold its exposures to three large accounts — Alok Industries, Asian Colour Coated Ispat and ISMT — during the quarter ended December with haircuts ranging between 64% and 84%.
