Banks | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 06:44 AM IST

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According to a March 2018 report of the Small Industries Development Bank of India (SIDBI), the NPA ratio for PMMY loans of up to Rs 10 lakh.

Banks fear Mudra loans sans collateral may become NPAs

The government has already disbursed around Rs 5,54,703 till date to almost 12 crore consumers.

12 Jul 2018 9:03 AM

Banks working closely with UK authorities to recover dues from Mallya: SBI MD

SBI is the leader of consortium of 13 banks that lent money to Mallya's now defunct Kingfisher Airlines.

06 Jul 2018 1:08 PM

The inter-creditor agreement is a participatory process for effective communication among banks.

Banks finalise inter-creditor agreement to resolve NPAs

Inter-creditor agreement will be a legal document and enforceable in any court of law.

06 Jul 2018 10:38 AM

The panel of bankers was formed last month as lenders, already burdened by a near-record 9.5 trillion rupees of soured loans as of last year.

India bankers panel suggests steps to tackle bad loans

The bad loans problem, driven largely by infrastructure sectors including power.

03 Jul 2018 9:16 AM

Stand-in Finance Minister Piyush Goyal. (Photo: PTI)

Bank merger back on table, Piyush to meet bank chiefs

Meeting is also expected to take a call on issuance of recapitalisation bonds for some of the weak banks.

08 Jun 2018 8:52 AM

Loans to the shipping trade de-grew 13.7 per cent during the month.

Non-food credit growth up to 10.7 per cent for April: RBI

Priority sector loans growth slowed down to 5 per cent from the 5.7 per cent in the year-ago period.

01 Jun 2018 9:33 AM

Bank employees continued their nationwide strike for the second day protesting a 'meagre' 2 per cent wage hike. (Photo: PTI/File)

Bank strike continues for 2nd day in Maharashtra

Two-day nation-wide bank strike might impact Rs 20,000 crore worth of customer transactions.

31 May 2018 11:33 AM

The first-generation MTvScan from ESDS has been adopted by close to 10,000 high-traffic websites belonging to banks like State Bank of India, Canara Bank, UBI etc.

ESDS unveils MTvScan 2.0 for Indian Banks and corporate websites

In partnership with Hitachi Systems Micro Clinic, ESDS has unveiled a web security scanner designed to prevent smartphone phishing attacks.

29 May 2018 1:05 PM

The ministry will examine what they have done in the last one year to get out of the PCA list that basically restricts their lending operations due to worsening asset quality.

PCA: Finance Ministry to review steps taken by banks

Under the PCA, banks face restrictions on distributing dividends and remitting profits.

17 May 2018 9:13 AM

Of the 12 accounts, so far, just two accounts — Bhushan Steel and Electrosteel Steels — have managed to get a buyer for their assets.

Banks to opt for liquidation if bid prices are low: SBI

The first set of 12 large corporate defaulters identified by the central bank in June last year.

08 May 2018 8:59 AM

Prices of the volatile bitcoin in India are back up to 618,000 rupees ($9,270), recovering from a low of 350,001 rupees.

India's cryptocurrency investors bet trading will survive bank ban

Cryptocurrency transactions, trading volumes have surged dramatically alongside a sharp rally in prices.

04 May 2018 12:48 PM

A new law on insolvency and resolution process has facilitated this transfer of ownership and operational management.

Bankers clear Ebix resolution plan for Educomp

Changes in the IBC were aimed at giving companies a chance to revive, bring in fresh capital into the country.

25 Apr 2018 11:51 AM

Defending withdrawal of schemes like SDRs, CDRs, JLFs and S4A, which gave banks a window in postponing their acknowledgment of defaults that later turned loans into NPAs.

NPA maze: Govt for scrapping of one-day default norm

Govt as well as banks feel one-day delay norm could harm businesses and lead to making loans below Rs 2,000 cr.

16 Apr 2018 8:53 AM

Rural banking has been a great hurdle race ever since the government nationalised major commercial banks and mandated them to focus their thrust on villages.

The major challenges for rural banking

This is however not to obscure the cutting-edge role the public banks have played in financial inclusion.

02 Apr 2018 12:23 AM

RBI also banned with immediate effect issuance of LoCs which, like LoUs, are used by importers to fund their overseas purchases. (Photo: AFP)

FinMin asks RBI to help ease industry troubles post LoU ban

Letters of credit and bank guarantees will continue upon meeting certain conditions.

30 Mar 2018 9:35 AM

Withdrawal of all debt restructuring tools by the Reserve Bank of India will lead to more assets being classified as non-performing or bad loans. (Photo: PTI)

Banks anticipate tough Q4 as RBI tightens NPA norms

State Bank of India and PNB has deposited significantly lower advance tax during the quarter.

28 Mar 2018 3:50 PM

Regional rural banks have sanctioned 180 loans to borrowers of Scheduled Castes (SC) category.

Over 55,000 loans provided under Stand-Up India Scheme

Banks extendSUPI loan to commercially viable proposals as per bank's board approved policy in this regard.

14 Mar 2018 12:00 PM

The charges for non-maintenance of AMB for customers in metro and urban centres have been reduced from a maximum of Rs 50 per month plus goods and services tax (GST), to Rs 15 per month plus GST. (Photo: PTI/File)

SBI slashes non-maintenance charges of minimum balance by 75 per cent

The above revision will benefit 25 crore bank customers.

13 Mar 2018 1:25 PM

In absence of passport details, banks were hamstrung in taking timely action to prevent defaulters especially willful one from fleeing the country. (Photo: Representational/Pixabay)

Collect passport details of all big borrowers within 45 days: FinMin to banks

Passport details will help banks to take timely action and inform the relevant authorities to prevent fraudsters from fleeing the country.

06 Mar 2018 9:21 PM

The 10-year benchmark bond yield briefly eased by 1 basis point to 7.58 per cent. (Photo: PTI)

RBI says ready to inject more cash into banks by March-end

RBI will also allow standalone primary dealers to avail term repo auctions on March 28.

15 Feb 2018 4:46 PM

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Dilip Cherian