Loans that are written off require full provisioning by banks, thereby impacting their profitability.
The inflow of foreign funds also lifted the rupee against the dollar.
Mutual fund houses have said that tax benefits for retirement solutions should be provided on the lines of the New Pension System (NPS)...
More than 300 properties, which include offices, residential complexes and shops, were offered to potential buyers.
SE Sensex jumped nearly 1 percent on Thursday on hopes Prime Minister Narendra Modi would be able to steer a bill ...
With the improving labor market in US fueling fears of a US Fed rate hike as early as June, banking stocks were trading 0.4%-3% lower on Monday.
'Examining any institutional constraints in passing on rate cuts.’
The rate cut marks a vote of faith in the government.
For the first time in India, a financial sector regulator has had a police complaint filed against it on criminal charges.
The strike, if it goes through, would impact crucial fund transfers during the time of the presentation of the Union Budget 2015- 16 on February 28.
Rising NPAs: 11.6% of loan portfolios are considered stressed assets.
Banks readily borrow from RBI at the policy rate but then lend that money out at a high rate...
SBI said infrastructure financing is important in order to take the country forward on the economic front.
SBI chairperson Bhattacharya said that SBI is not facing any major scramble for loan restructuring ahead of the bank’s deadline
The Minister of state for finance said that banks must evolve business strategies and models as the economy grows.
Biggest ever disinvestment, exceeds previous record of R15K cr made by CIL in 2010.
ICICI Bank MD Chanda Kochhar said the bank's fresh slippages stood at Rs 2,279 crore in third quarter.
99.74 per cent of all households in the country are now covered under the Jan Dhan scheme.
During the year-ago period, collection stood at R4.8 lakh crore.
The previous life-time high was $320.79 billion, way back in the week ended September 2, 2011.
While the legal hurdles for ECB to act are clear, the main opposition comes from Germany
HDFC Bank is the lone Indian entity among the world’s 50 most valued lenders in 2014 with a market capitalisation...
The RBI governor defended his decision not to lower interest rates at his last monetary policy review.
Jaitley said the government wants to create better social security system for the labour force.
The move comes after the central bank last month permitted banks to recast infra project loans
It has been reported that the Govt of India may scale down their holdings in PSBs to 52 per cent.
The bankers were presenting a seven-point agenda to the Centre.
Staffers in these banks were sore at being ignored in the consultation process.
Bankers’ Retreat: Stresses on the need for banks to fund infrastructure.
The Bill has provision of micro-credit, thrift pension collection, insurance and remittance of funds.
The radical recommendations have not gone down well with the department of expenditure in the Fin Min.
A separate holding company will help separate ownership and control in public sector banks.
Adhia admitted that although many committees had given their reports in the past, a concrete plan of action has not yet emerged.
Gross non performing assets are now close to 4.5 per cent of total loans.
Adhia also said that there was an urgent need for reforms in the psbs.
For the first time, PSU banks will have a non-executive Chairman, giving operational responsibility to Managing Director and CEO.