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banking sector

BANKING SECTOR NEWS

‘RBI step on loan recast scheme will be of great relief to borrowers, banks’: Atanu Kumar Das

August 16, 2020 12:55 am

"The RBI announcements on August 6 have permitted restructuring of stressed assets, caused by the COVID-19, across corporate, MSME sectors as well as for personal loans segments, without downgradation of assets quality," says Atanu Kumar Das, MD and CEO of Bank of India.

Capital conservation for banks important as moratorium ends on August 31: SBI report

July 22, 2020 2:52 pm

The SBI report said as per the regulatory requirement, banks in the country need to have a regulatory capital of 9 per cent of risk weighted assets (RWA) along with additional Capital Conservation Buffer (CCB) of 1.875 per cent, which was slated to increase to 2.5 per cent by March 20.

Finance Ministry asks states to ensure safety of bankers, take stern action against unruly

July 09, 2020 12:37 pm

The Department of Financial Services, in a letter to chief secretary of states, said that incidences of unruly behaviour of anti-social elements against the bankers needs to be responded with stern action taken against such elements, sources said.

Sensex ends 59 points higher, Nifty settles largely unchanged; PSU banks gain, metals lose

April 20, 2020 4:09 pm

The S&P BSE Sensex ended at 31,648.00, up 59.28 points (0.19 per cent), while the Nifty settled at 9,261.85, down 4.90 points (0.05 per cent).

Bank shares tank after Moody's changes outlook on Indian banks to negative

April 03, 2020 1:19 pm

Shares of RBL Bank tumbled 14.99 per cent, Kotak Mahindra Bank tanked 7.77 per cent, IndusInd Bank fell 7.33 per cent, ICICI Bank 6.56 per cent, SBI 4.34 per cent.

Rate-sensitive bank, realty shares gain after RBI announcements

March 27, 2020 3:18 pm

Shares of Axis Bank were trading higher by 12.40 per cent, IndusInd Bank 6.25 per cent, State Bank of India 5.19 per cent, Federal Bank 4.55 per cent, ICICI Bank 2.61 per cent, RBL Bank 2 per cent, Kotak Mahindra Bank 1.47 per cent and HDFC Bank 0.21 per cent.

Government introduces bill to amend banking laws to strengthen cooperative banks

March 03, 2020 6:01 pm

Introducing the Banking Regulation (Amendment) Bill, Finance Minister Nirmala Sitharaman said the bill is the "need of the hour" to avoid a PMC Bank-like crisis in the future.

Fitch Ratings says Indian banks to write off more loans

December 05, 2019 6:06 pm

The state-owned banks account for around 90 per cent of impaired loan stock, and have cumulatively written off nearly USD 30 billion in bad loans in the past three years.

Small big step

December 19, 2018 4:09 pm

The Narendra Modi government, which was politically best positioned to bring about this and other probably more significant management reforms in state-owned banks, did little in this direction for much of its tenure.

Bank bosses’ best line as NPAs kept climbing steadily: ‘the worst is over’

June 03, 2018 7:04 am

In February this year, even as SBI, amid increased pressure of stressed assets, reported its first quarterly loss in 17 years for the three months ended December 2017, the bank’s management claimed that the bad loans had topped out.

BANKING SECTOR VIDEOS

BSE closes 321.25 points down on February 24

February 24, 2016 12:41 pm

New Delhi, Feb 24 (ANI): Trading at the Bombay Stock Exchange today closed 321.25 points down to stand at 23,088.93. At the National Stock Exchange the Nifty closed90.85 points down to stand at 7,018.70. Shree Renuka Sugars Ltd and KPIT Technologies Limited were among the top gainers of group A with an increase of 5.26% and 4.67% along with Bharat Petroleum Corporation Ltd and Vakrangee Limited with an increase of 4.27% and 4.20% respectively, while the top losers of group A includesNMDC LTD and MMTC LTD with a decrease of 13.63% and 7.60% along with Neyveli Lignite Corporation Ltd and Aurobindo Pharma Ltd with a decrease of 6.56% and 5.60% at the close of the markets. The Auto sector is down 203.93 points at 16264.08 while the Banking sector is down 216.18 points at 15676.31 and the Realty sector is down 4.01 points at 1053.67.The Indian currency was down with 0.05% at Rs. 68.54 per dollar.

BSE closes 378.61 points down on February 23

February 23, 2016 2:10 pm

New Delhi, Feb 23 (ANI): Trading at the Bombay Stock Exchange today closed 378.61 points down to stand at 23,410.18. At the National Stock Exchange the Nifty closed 125.00 points down to stand at 7,109.55. AIA Engineering Ltd and United Spirits Ltd were among the top gainers of group A with an increase of 4.18% and 3.92% along with Gujarat Pipavav Port Ltd and Reliance Communications Ltd with an increase of 3.32% and 3.05% respectively, while the top losers of group A includes Mangalore refinery and petrochemicals Ltd and SREI Infrastructure Finance Ltd with a decrease of 8.49% and 4.89% along with Hindustan Petroleum Corporation Ltd and Cox and Kings Limited with a decrease of 4.87% and 4.86% at the close of the markets.The Auto sector is down 238.19 points at 16468.01while the Banking sector is down 461.00 points at 15892.49 and the Realty sector is down 27.01 points at 1057.68.The Indian currency was down with 0.15% at Rs. 68.50 per dollar.

BSE closes 79.64 points up on February 22

February 22, 2016 2:44 pm

New Delhi, Feb 22 (ANI): Trading at the Bombay Stock Exchange today closed 79.64 points up to stand at 23,788.79. At the National Stock Exchange the Nifty closed23.80 points up to stand at 7,234.55. BF Utilities Ltd and Crompton Greaves Ltd were among the top gainers of group A with an increase of 18.64% and 7.04% along with BEML Ltd and RattanIndia Power Limited with an increase of 6.98% and 5.50% respectively, while the top losers of group A includes KEC International Ltd and Religare Enterprises Ltd with a decrease of 4.77% and 4.68% along with Jubilant Life Sciences Limited and Fortis Healthcare Ltd with a decrease of 3.37% and 3.06% at the close of the markets. The Auto sector is up 65.37 points at 16706.20 while the Banking sector is up 79.11 points at 16353.49 and the Realty sector is up 7.70 points at 1084.69. The Indian currency was up with 0.15% at Rs. 68.56 per dollar.

BSE closes 267.35 points up on February 18

February 18, 2016 1:44 pm

New Delhi, Feb 18 (ANI): Trading at the Bombay Stock Exchange today closed 267.35 points up to stand at 23,649.22. At the National Stock Exchange the Nifty closed 83.30 points up to stand at 7,191.75. ABAN Offshore Ltd and Jain Irrigation Systems Ltd were among the top gainers of group A with an increase of 11.61% and 9.28% along with Shree Cement Ltd and Cox & Kings Limited with an increase of 8.17% and 6.54% respectively, while the top losers of group A includes Gujarat Pipavav Port Ltd and Balkrishna Industries Ltd with a decrease of 4.77% and 4.64% along with MMTC Ltd and Bhushan Steel Ltd with a decrease of 4.64% and 4.02% at the close of the markets. The Auto sector is up 74.06 points at 16480.33 while the Banking sector is up146.66 points at 16190.80 and the Realty sector is up 4.11 points at 1075.96. The Indian currency was up with 0.03% at Rs. 68.49 per dollar.

BSE closes 189.90 points up on February 17

February 17, 2016 12:22 pm

New Delhi, Feb 17 (ANI): Trading at the Bombay Stock Exchange today closed 189.90 points up to stand at 23,381.87. At the National Stock Exchange the Nifty closed 60.20 points up to stand at 7,108.45. Bank of Baroda and Adani Ports and Special Economic Zone Limited were among the top gainers of group A with an increase of 6.99% and 6.06% along with Dr. Reddy's Laboratories Limited and Vedanta Limited with an increase of 4.29% and 3.99% respectively, while the top losers of group A includes ICICI Bank Limited and Yes Bank Limited with a decrease of 2.31% and 1.85% along with Coal India Limited and Lupin Limited with a decrease of 1.54% and 1.28% at the close of the markets.The Auto sector is up 167.97 points at 16406.27 while the Banking sector is down 37.55 points at 16044.14 and the Realty sector is up6.05 points at 1071.85.The Indian currency was up with 0.12% at Rs. 68.46 per dollar.

BSE closes 362.15 points down on February 16

February 16, 2016 1:06 pm

New Delhi, Feb 16 (ANI): Trading at the Bombay Stock Exchange today closed 362.15 points down to stand at 23,191.97. At the National Stock Exchange the Nifty closed 114.70 points down to stand at 7,048.25. Adani Ports And Special Economic Zone Ltd and Wockhardt Ltd were among the top gainers of group A with an increase of 4.78% and 4.30% along with PVR Ltd and Pipavav Defence And Offshore Eng Ltd with an increase of 2.64% and 2.25% respectively, while the top losers of group A includes P.I.Industries Ltd and Strides Shasun Ltd with a decrease of 9.15% and 8.40% along with Sadbhav Engineering Ltd and Housing Development & Infrastructure Ltd with a decrease of 8.39% and 7.73% at the close of the markets. The Auto sector is down 300.79 points at 16238.30 while the Banking sector is down 346.09 points at 16081.69 and the Realty sector is down 33.34 points at 1065.80. The Indian currency was up with 0.48% at Rs. 68.40 per dollar.

BSE closes 568.00 points up on February 15

February 15, 2016 12:41 pm

New Delhi, Feb 15 (ANI): Trading at the Bombay Stock Exchange today closed 568.00 points up to stand at 23,554.12. At the National Stock Exchange the Nifty closed 182.00 points up to stand at 7,162.95. Bank of Baroda and Vedanta Limited were among the top gainers of group A with an increase of 23.18% and 17.39% along with Tata Steel Limited and Hindalco Industries Limited with an increase of 13.56% and 9.28% respectively, while the top losers of group A includes Bharti Airtel Limited and Hindustan Unilever Limited with a decrease of 1.80% and 1.11% along with Idea Cellular Limited and Housing Development Finance Corporation Limited with a decrease of 0.78% and 0.16% at the close of the markets.The Auto sector is up 677.36 points at 16,539.09 while the Banking sector is up 573.24 points at 16,427.78 and the Realty sector is up 63.83 points at 1,099.14.The Indian currency was down with 0.19% at Rs. 68.10 per dollar.

BSE closes 807.07 points down on February 11

February 11, 2016 11:42 am

New Delhi, Feb 11 (ANI): Trading at the Bombay Stock Exchange today closed 807.07 points down to stand at 22,951.83. At the National Stock Exchange the Nifty closed 239.35 points down to stand at 6,976.35. ABB India Limited and Muthoot Finance Ltd were among the top gainers of group A with an increase of 2.08% and 2.00% along with Mphasis Ltd and Natco Pharma Ltd with an increase of 1.77% and 1.69% respectively, while the top losers of group A includes Unitech Ltd and Pipavav Defence And Offshore Eng Ltd with a decrease of 16.36% and 14.21% along with Jubilant Life Sciences Limited and Shipping Corporation Of India Ltd with a decrease of 13.77% and 13.24% at the close of the markets.The Auto sector is down 571.38 points at 15593.57 while the Banking sector is down 629.23 points at 15889.92 and the Realty sector is down 66.21 points at 1048.54. The Indian currency was up with 0.58% at Rs. 68.24 per dollar.

BSE closes 262.08 points down on February 10

February 10, 2016 3:43 pm

New Delhi, Feb 10 (ANI): Trading at the Bombay Stock Exchange today closed 262.08 points down to stand at 23,758.90. At the National Stock Exchange the Nifty closed 82.50 points down to stand at 7,215.70. HCL Technologies Limited and UltraTech Cement Limited were among the top gainers of group A with an increase of 2.65 % and 1.87 % along with Bharat Petroleum Corporation Limited and Power Grid Corporation of India Limited with an increase of 1.59 % and 1.44 % respectively, while the top losers of group A includes Punjab National Bank and Tata Motors Limited with a decrease of 9.12 % and 7.07 % along with Bank of Baroda and Cairn India Limited with a decrease of 5.95 % and 5.92 % at the close of the markets. The Auto sector is down 193.33 points at 16164.95 while the Banking sector is down 329.28 points at 16533.78 and the Realty sector is down 40.84 points at 1115.00.The Indian currency was down with 0.09% at Rs. 68.00 per dollar.

BSE closes 329.55 points down on February 8

February 08, 2016 2:37 pm

New Delhi, Feb 8 (ANI): Trading at the Bombay Stock Exchange today closed 329.55 points down to stand at 24,287.42. At the National Stock Exchange the Nifty closed 101.85 points down to stand at 7,387.25. Bank of Baroda and Bosch Limited were among the top gainers of group A with an increase of 2.52% and 1.99% along with State Bank of India and Axis Bank Limited with an increase of 1.90% and 1.71% respectively, while the top losers of group A includes Tata Motors Limited and Oil & Natural Gas Corporation Limited with a decrease of 4.35% and 3.61% along with IndusInd Bank Limited and Vedanta Limited with a decrease of 3.39% and 3.32 % at the close of the markets. The Auto sector is down 173.35 points at 16654.62 while the Banking sector is down 100.01 points at 17073.33 and the Realty sector is up 4.31 points at 1172.21.The Indian currency was up with 0.38 % at Rs. 67.90 per dollar.