Banking Sector | The Asian Age

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Fugitive diamond merchant Nirav Modi was arrested in London on Tuesday. (Photo: File)

PNB scam exposes gaps in Indian banking sector

Rs 14,000 crore, fraud nearly brought India’s second biggest state-run bank on its knees.

22 Mar 2019 1:06 PM

Finance Minister Arun Jaitley. (Photo: ANI)

You don't get away by not paying back to banks: Jaitley

Reforms in the banking sector are necessary to make public sector banks compete with private banks, says FM

28 Feb 2019 5:38 PM

Niti Aayog Vice Chairman Rajiv Kumar. (Photo: PTI)

Banking sector on way to recovery: Niti Aayog

The banking sector remains fragmented which makes the cost of capital quite high, says Niti Aayog Vice Chairman.

22 Feb 2019 2:57 PM

The capital infusion comes at a time when NPAs are declining and recoveries are improving.

Liquidity constraints continue in the market despite bank recoveries: FICCI-IBA

At the same time, over 90 per cent of respondents said infrastructure continues to remain a key sector with high NPAs.

18 Feb 2019 11:48 AM

The PSBs continued to register huge losses with their losses still coming to Rs 11,109 crore in Q3 FY19 compared with Rs 16,067 crore in Q3 FY18. (Representational image)

Q3: Bad loan situation stabilising for banks

On the profitability front, too, the state-owned lenders lagged behind.

13 Feb 2019 3:12 AM

Eight public sector banks -- Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Central Bank of India, Indian Overseas Bank and Dena Bank -- still remain under PCA framework.

Other banks to be out of PCA framework soon: Piyush Goyal

The RBI on Thursday lifted lending curbs on three out of 11 weak public sector banks (PSBs).

02 Feb 2019 10:28 AM

Banks will also welcome talent from outside of banking to become more diverse in a world of blurring industry boundaries.

12 trends to change global banking this year

Infosys Finacle study based on feedback from 100 countries says technology and business outcomes will be more tightly coupled in 2019.

30 Jan 2019 10:17 AM

Banking sector on "course to recovery" as NPAs recede: RBI

According to the FSR, gross NPAs ratio declined to 10.8 per cent in September 2018 from 11.5 per cent in March 2018.

31 Dec 2018 6:02 PM

Former RBI Governor Raghuram Rajan. (Photo: PTI)

Privatisation of PSBs not panacea; need to cut govt mandates for PSBs: Rajan

Banking system is overburdened with non-performing loans and there is a need to adequately professionalise boards of PSBs.

14 Dec 2018 5:07 PM

New tech makes fraud detection hard

Incomplete data and lack of coordination between consortiums of banks in sharing vital data is another major issue while managing stressed assets.

27 Nov 2018 12:14 AM

Overall, most banks showed a reduction in gross non-performing loans (NPLs) and lower formation of new NPLs.

Banks showing positive signs but fundamentals still weak: report

Valuations of Indian bank USD bonds remain relatively expensive and do not offer much upside from current levels.

09 Nov 2018 10:48 AM

State Bank of India Chairman Rajnish Kumar.

Indian banks on top of situation over NPA problem: SBI Chairman

Insolvency and Bankruptcy Code has come as a "very good tool" in the hands of the banks and the financial creditors.

29 Oct 2018 11:57 AM

NPA crisis in banking sector an opportunity for bond mkt development: Sebi

Outstanding corporate bonds surged over 117 per cent, from Rs 12.6 trillion to Rs 27.4 trillion.

25 Oct 2018 6:26 PM

BJP government ushered in transparency, forced responsible individuals to repay loans, says Piyush Goyal.

UPA govt gave loans blindly, weakened banking sector: Piyush Goyal

The bank losses increased from Rs 18,000 crore to Rs 53,000 crore in UPA years, Piyush Goyal alleged.

13 Sep 2018 11:54 AM

Finance minister Arun Jaitley. (Photo: PTI)

NPAs rise, Jaitley to meet bank bosses to review scenario

26 banks together – both private and public – reporting gross NPAs of over Rs 7.31lakh crore.

12 Sep 2018 8:54 AM

The LIC board will meet on Tuesday to decide on the modalities for increasing stake in debt-ridden IDBI Bank to 51 per cent, a move that will provide the insurance behemoth entry into the banking space.

LIC board to meet tomorrow to decide IDBI Bank stake hike plan

LIC is in the process of picking up additional 7 per cent stake in IDBI Bank through preference shares.

03 Sep 2018 11:57 AM

The outlook for the country's banking sector is likely to remain negative until its capital position strengthens in proportion to the bad loans and weak financial performances, according to Fitch Ratings.

'Banking sector outlook to stay negative till capital positions improve'

Fitch said the USD 151-billion stock of bad loans remains a risk for the sector's weak income base.

13 Aug 2018 1:29 PM

Government was open to giving RBI more powers to regulate PSU banks.

‘RBI has broad powers to address banking issues’

Powers of RBI are wide-ranging and comprehensive to deal with various situations that may emerge in all banks.

25 Jul 2018 8:46 AM

Outgoing Chief Economic Adviser Arvind Subramanian.

Arvind Subramanian to brief par panel on mounting NPAs today

Banking sector is grappling with rising NPAs, which touched Rs 8.99 lakh cr of total advances at Dec-end 2017.

11 Jul 2018 10:10 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

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Shobhaa De