Ratio of written-off assets rises from 41% to 46% & fresh slippages spurted 118% to Rs 3.90 lakh crore.
The Board is being set up under the Insolvency and Bankruptcy Code, 2016 - approved by Parliament as well as notified by the government in May.
“Given the broad framework of GST, it is expected that even under the proposed GST regime, the telecom service providers may face significant challenges," an ASSOCHAM-KPMG paper has pointed out.
The banks Net Profit falls to Rs 1,556 crore Rupees.
The central bank has directed lenders to put in place a security policy enlisting the strategy to combat such threats by Sept 30.
With this 10 bps cut, Axis Bank’s base rate is the joint second lowest among Indian banks along with that of ICICI Bank.
Brookfield, which manages about $240 billion of assets globally, has previously invested in the Indian real estate and infrastructure sector.
As per the list released by AIBEA, the apex body representing the banking industry, 5,610 accounts in various public sector, private and foreign banks were those of wilful defaulters.
Among the state-owned banks which did not receive any capital in this round include: Andhra Bank, Bank of Baroda, Bank of Maharashtra, Indian Bank, Oriental Bank of Commerce, Punjab & Sind Bank and Vijaya Bank.
Digvijay Singh expressed concern over the poor conviction rate in such matters which, as per the details provided by the Finance Minister, was just 1.14 per cent during 2015-16.
The capital infusion is part of the government's plans to invest 700 billion rupees in state lenders over four years to March 2019.
SGB gives an interest of 2.75 per cent per annum, payable every six months on initial investment minus the risk of theft/loss or impurities associated with physical gold.
The Japanese financial services said that HDFC's benchmark size was large enough to ensure secondary market liquidity
The bonds have been issued at a price of 99.24 per cent of the par value and will be redeemed at par, the housing finance major said.
UBS, Switzerland's biggest bank, saw a 1 per cent fall in managed assets in 2015, while BofA Merrill Lynch's managed assets dropped 2 per cent and Morgan Stanley's fell 2.8 per cent.
Growth is likely to be lower at 8.1 per cent over FY16-FY19 for mid-sized PSBs with a few banks witnessing a loan book decline, India Ratings (Ind-Ra) said in a report.
Banks have decided to consider the resolution of the stressed debt of infrastructure firm HCC under the Reserve Bank of India’s Scheme for Sustainable Structuring of Stressed Assets (S4A). The Joint Lender’s Forum or JLF meeting of HCC held on Tuesday “has passed to resolve the account under the recent S4A guidelines”, the company informed […]
The employees of public sector banks, old private banks, regional rural banks, foreign banks and co-operative banks will participate in the strike, AIBEA said in a statement.
After the Q4FY16 results, PSBs made a representation about their capital requirement taking into account sharp rise in NPAs and growth projections.
HDFC has appointed Axis Bank, Credit Suisse and Nomura as Joint Bookrunners and Lead Managers for the issue.
NPAs of state-owned banks had touched Rs 3.61 lakh crore at the end of December 2015. A reply to an RTI application earlier this year revealed that 29 PSBs wrote off `1.14 lakh crore of bad debts between FY13 and FY15.
A section of public sector bank employees have threatened to go on a nationwide strike beginning on Tuesday to protest against the proposed merger of SBI associates as well as the move to privatise IDBI Bank.
Rajan, whose current three-year tenure ends on September 4, made a surprise announcement last month that he would not seek a second term and would return to academia, triggering intense speculation about the possible contenders.
The notification quotes provisions of section 138 of the Income Tax Act which states that taxpayer related information is confidential and cannot be shared.
With unpredictable market environment, big banks in America will have to wait till they see a steady growth in profits and higher margins
The All-Asia Executive Team rankings 2016, the survey had 1,394 investment professionals from 582 financial institutions participating in it.
After serving for seven years as a Whole Time Member at Sebi, Prashant Saran retired last month while the tenure of one more WTM will end soon.
During the year, the bank introduced digital innovations including loans at ATMs, missed called recharge and 10 second personal loan.
In 2014, the Reserve Bank of India (RBI) had released a special report prepared by the G Gopalakrishna committee regarding the capacity building need for public sector banks.
VHP joint general secretary Surendra Jain, who is in Ahmedabad to attend a two-day meeting to discuss various issues, said they will also deliberate on the strategy to oppose the opening of the branch of IDB.
The stake sale in the companies will be conducted over the next three years.
The net value of loans sold has resulted in a loss as compared to a gain in FY2013-14.
Bank of China operates in 41 countries and is China's fourth-biggest lender by assets.
Make public names of top 100 borrowers with the due amounts: CPI(M) chief
Outstanding non-food credit in the banking system stood at Rs 71.55 lakh crore as on June 24.
Armed with a total budget of Rs 100 crore, the IT department will employ the services of the government's publicity department, to advertise the four-month window provided to domestic black money holders to come clean.