The provision coverage ratio (PCR) gives an indication of the provision made against bad loans from the profit generated. Higher the PCR, lower is the unexposed part of the bad debts.
The Reserve Bank is looking at a mobile phone-based solution to help visually impaired people easily identify Indian currency notes. Currently, intaglio printing-based identification marks are present
As an RBI deadline ends on Monday for Kotak Mahindra Bank to reduce promoters' stake, clamour has increased for a review of the central bank's ownership guidelines for the country's private sector len
The finance Ministry had informed the bank about the capital infusion on Wednesday (December 26), Bank of India said in a regulatory filing. The fund infusion would be by way of preferential allotment
The Reserve Bank Friday warned that with high bad loans and inadequate provisioning to cover the same, any relaxation in the regulatory capital requirement or risk-weights could be detrimental to bank
The 11 public sector banks that are under the prompt corrective action (PCA) framework have shown lower growth in gross non-performing assets as against non-PCA banks, the Reserve Bank said in a repor
Various initiatives taken by the government have yielded results, with the bad loans of public sector banks declining by over Rs 23,000 crore from a peak of Rs 9.62 lakh crore in March 2018, said a se
United Bank of India became the first of the country’s ailing state-run banks to announce a new cash injection from the government, disclosing in a filing that it will receive 21.6 billion rupees ($
The government is likely to infuse Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds by the end of this month, sources said Thursday.
The nation-wide strike would impact banking services like deposits and withdrawal at branches, cheque clearances and issuance of demand drafts, among others.
The hike in limit comes even as housing finance companies (HFCs), an important segment of non-banking financial companies (NBFCs), have availed of only about Rs 12,000 crore-Rs 14,000 crore from the N
Representatives from NBFCs and housing finance companies Wednesday met Prime Minister Narendra Modi here and gave suggestions on how to "revive" the sector facing liquidity issues, especially after de
All banking operations were paralysed in the country's financial capital on Wednesday, following a strike by various banking employees and officers unions, officials said here.
Probity watchdog Central Vigilance Commission (CVC) has started examining audit reports of state-run banks and insurance companies to check incidents of fraud and suggest corrective measures, official
Services of banks are likely to be affected on Wednesday due to a nationwide strike call given by the United Forum of Bank Unions (UFBU) to protest against bank mergers and pay revision.
State Bank of India (SBI) Managing Director P K Gupta said that the charges for various services offered by the bank are among the lowest in the industry.
With an increasing focus on retail customers, Yes Bank is now churning data to understand customer behaviour and offer a right mix of products based on a predictability model, a senior official said.
The strategy covers both income and cost side. On the income side, we have to improve the revenue and quality assets. We are focusing more on the better-rated companies.
As a part of the turnaround strategy, the lender, which is under the prompt corrective action (PCA) of the Reserve Bank of India, is looking to bring down the net NPA ratio to below 6% by the first qu
