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May 25, 2016 2:43 am

Five iron and steel accounts alone contributed to over Rs 12,500 crore in bad loans for the bank.

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May 25, 2016 6:15 am

The ratio of gross NPAs moved up from 5.39 per cent last year 13.07 per cent in Q4 of whereas the net NPA ratio moved up from 3.36 per cent to 7.79 per cent.

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May 24, 2016 8:08 am

When asked whether RBI may levy processing fee on the entities which have pulled out, Mundra said the current regulation does not give scope of charging a processing fee.

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May 24, 2016 2:58 am

The govt has been seeking to regulate P-notes since their introduction. The RBI has opposed them as it’s impossible to know actual beneficiaries.

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May 24, 2016 2:51 am

The SBI’s proposal to merge five of its subsidiaries makes a compelling case for the banking industry as the experiment has the potential to prune balance sheets, better synergies and introduce rationalisation.

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May 24, 2016 2:11 am

RBI has asked banks to make 15% provisioning from profits in 2 installments.

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May 24, 2016 1:57 am

Mundra also cautioned on Jan Dhan accounts, saying they are "very vulnerable" to frauds and asked banks to be on guard against misuse of accounts for money muling.

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May 22, 2016 6:10 pm

"We are going to start the postal payments bank by March 2017," said Prasad.

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May 22, 2016 2:36 pm

Under the new law, employees can file an application for initiating resolution proceedings against a bankrupt company.

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May 21, 2016 3:38 am

Mundra also warned banks against going fully into retail business saying “retail is not the panacea.”

The domestic currency has lost 80 paise or 1.20 per cent in six trading days.
May 21, 2016 2:45 am

In Sept 2015, Dilip Shanghvi as lead applicant along with Telenor Financial Services and IDFC Bank was granted in-principle licence by the RBI.

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May 20, 2016 12:52 pm

The employees of all the associate banks of SBI are protesting under the banner of All India Bank Employees Association.

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May 20, 2016 1:25 am

Customers shifting to digital channels for banking transactions, says bank.

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May 19, 2016 6:15 am

The lenders had posted a total profit of Rs 3,918.1 cr in the same quarter last year.

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May 19, 2016 1:47 am

A three-fold surge in provisioning for bad loans, including for power discoms and Punjab foodgrain related loans, were the main drags on the bank's performance.

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May 18, 2016 4:59 pm

The proposal of SBI to merge its five associate banks with itself and acquire Bharatiya Mahila Bank is in line with the government's policy of consolidation, Arun Jaitley said.

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May 18, 2016 4:46 pm

Provisions, including for loan losses, nearly tripled from a year earlier to 104.85 billion rupees in the March quarter, the New Delhi-based lender said in a regulatory filing.

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May 18, 2016 1:24 am

Shares of three associate banks of SBI on Tuesday, surged up to 13 per cent on reports that the lenders have proposed a merger with the parent bank.

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May 17, 2016 2:25 am

The Reserve Bank of India (RBI) placed a draft circular on its website in regard to foreign portfolio investments in unlisted corporate debt securities and securities debt instruments.

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May 15, 2016 11:56 am

At the end of December, as many as 701 accounts with bad loans exceeding Rs 100 crore owed public sector banks (PSBs) Rs 1.63 lakh crore, while SBI accounted for the biggest chunk.

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May 14, 2016 1:48 am

The slippages were mainly in steel, power and infrastructure sector. The stressed accounts portfolio declined to 13.29 per cent from 13.47 per cent during the financial year.

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May 14, 2016 1:26 am

Bank of Baroda (BoB), Central Bank of India, UCO Bank, Allahabad Bank and Dena Bank — have plunged deep into the red with Rs 6,750 crore loss on the back of ballooning non-performing assets and provisions.

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May 13, 2016 2:56 pm

Currently, the regulator does not have any pension scheme.

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May 13, 2016 11:24 am

The Reserve Bank of India has allowed foreign banks higher shareholding in private sector lenders in the country under exceptional situations.

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May 13, 2016 2:08 am

The higher provisions are expected to make loans costlier for large borrowers which have fund based credit limit of over Rs 25,000 crore in 2017-18 and Rs 15,000 crore in 2018-19.

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May 13, 2016 1:51 am

Its net NPAs also increased to 4.81 per cent as against 1.92 per cent at the end of March 2015. Provisions rose to Rs 653 crore from Rs 305 crore.

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May 13, 2016 1:31 am

The finance ministry in a statement also said the new law will give a big boost to ease of doing business in the country by ensuring a quantum leap for the functioning of the credit market.

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May 12, 2016 7:21 pm

An umbrella body of bank unions has called for a nationwide strike on August 29 to protest against the government's banking reforms.

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May 11, 2016 8:01 pm

Rajan, who has also served as Chief Economist at the IMF, said the greater demand on banks to hold capital in the post-financial crisis scenario has come at a cost.

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May 11, 2016 3:28 pm

Here's all you need to know about the security features on the new Rs 1000 notes.

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May 11, 2016 9:09 am

Quoting sources familiar with the matter, the Journal said FBI agents investigating the case "have found evidence pointing to at least one bank employee acting as an accomplice."

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May 11, 2016 8:45 am

The banknotes will also have on the obverse, all the other security features, including ascending size of numerals, bleed lines and enlarged identification mark.

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May 11, 2016 4:43 am

The Finance Bill is awaiting passage in Rajya Sabha after having been passed in Lok Sabha last week.

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May 10, 2016 5:17 am

While refusing to share the entire database of large loans with the government, the central bank will provide details as may be needed by the investigative agencies, Finance Ministry sources said.

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May 10, 2016 2:17 am

Reserve Bank of India guidelines for the new on-tap bank licences, experts opine, isn’t likely to evince much interest among the existing players due to the prevailing banking atmosphere in the country and some tough conditions set by the regulator.

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May 10, 2016 2:09 am

OMO purchases are undertaken to ease liquidity in the system while OMO sales are done to remove excess liquidity.