Banks | The Asian Age

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This is lower than the US-based credit rating agency's previous estimate of USD 90 billion.

Banks need $65 bn additional capital to meet Basel III norms: Fitch

Gross non-performing loan ratio reached 9.7 per cent in 2016-17, up from 7.8 per cent in 2015-16.

12 Sep 2017 2:51 PM

Former RBI governor Raghuram Rajan. (Photo: PTI)

We could have managed liquidity better: Rajan

He adds central bank acted promptly to retrieve situation once problem of liquidity shortage was thrown up by data.

11 Sep 2017 6:08 PM

Banking Correspondents and Banking Facilitators are emerging as another set of persons closely associated with a bank. (Photo: PTI/File)

Not KYC, 'know your employee' too to check frauds: CVC to banks

Banks have to take extra care to have continuous vigil on their staff.

11 Sep 2017 4:51 PM

IGST paid can be taken as input tax credit by the banks. (Photo: PTI)

Banks to pay 3 per cent IGST on gold imports: CBEC

GST is payable at the rate of 3 per cent of the total transaction value of jewellery.

21 Aug 2017 4:16 PM

Bank unions have also demanded the government should reimburse them the cost of demonetisation. (Photo: Representational/PTI).

PSU banks hint strike on Tuesday against 'consolidation'

Operations at private lenders like ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank are expected to be normal.

21 Aug 2017 11:19 AM

SBI had on July 31 slashed pricing for under Rs 1 crore saving deposits by 0.50 per cent to 3.5 per cent. (Photo: PTI/File)

Saving deposit rate cuts to lead to lower lending rates: report

A cut in the MCLR beyond 0.35 per cent would become a margin dilutive proposition.

13 Aug 2017 11:58 AM

Finance Minister Arun Jaitley. (Photo: PTI)

Govt has not written off single rupee of corporate loans: Jaitley

Total outstanding gross NPAs of agriculture and allied activities stood at Rs 62,307 crore.

11 Aug 2017 3:14 PM

Finance Minister Arun Jaitley. (Photo: AP)

Banks restructure corporate loans of Rs 2.04 lakh cr in FY17

Amount of corporate loans restructured by lenders has seen a decline in the last three financial years.

01 Aug 2017 6:32 PM

RBI officials have urged banks to provide account number portability to customers.

Account Number Portability: Switch banks without changing account number

This will come as a relief for unhappy customers stuck with bank accounts they do not want to keep.

31 Jul 2017 5:27 PM

The complete cycle of recovery is done by collection agencies, everything from making calls, on-field collection of payment and managing data. The data so collected is shared back with the bank. The efforts of the agents is not recorded or is very unsystematic, therefore can be difficult to analyses.

How banking Industry is using automation for collecting and recovering loans

Modern day Collection Management System (CMS) consists of Call Centre Solution + CRM + Mobile App for field agents + reporting tools.

26 Jul 2017 3:21 PM

RBI Deputy Governor Viral Acharya. (Photo: YouTube screengrab)

Cleaning of banks' balance sheet top priority: Viral Acharya

Banks are saddled with non-performing assets (NPAs) of over Rs 7 lakh crore.

22 Jul 2017 4:37 PM

Reserve Bank of India or RBI regulates India's banking sector.

Banks to take Rs 2.4 trn haircut to resolve top 50 NPA

Haircuts have been classified into four categories marginal, moderate, aggressive and deep.

19 Jul 2017 4:17 PM

NPAs identified by RBI exceed 15 per cent of the incremental gross NPAs for the reference period.

Sebi asks banks to make additional disclosure on loans

Move will help banks to recognise their stressed assets as non-performing more uniformly.

18 Jul 2017 7:21 PM

The extra provisioning, which directly impacts the bottomlines, will eat into banks profits by around 25 per cent in FY18.

IBC: Banks to set aside Rs 18,000 cr in FY18, expect 25 per cent profit

SBI had conceded that it will require more provisions but ruled out big impact on profits.

18 Jul 2017 2:31 PM

Bank of India expects to return to black in the second quarter of current fiscal. (Representational Image)

Bank of India eyes net profits in second quarter

As per RBI norms, Bank of India was supposed to be under threshold one of prompt and corrective action.

15 Jul 2017 4:31 PM

Banks face an astronomous $150 bn bad loans to repay.

Insolvency and Bankruptcy Code explained

IBC that was passed in May 2016 replaced three existing laws on insolvency and bankruptcy.

13 Jul 2017 3:14 PM

The notification shall be deemed to have come into force with effect from the April 1, 2017

Credit card bill payment exempt from cash dealing limit

The move to ban cash transaction above a threshold was aimed at curbing black money.

04 Jul 2017 4:53 PM

Services sector saw an increase of 4.1 per cent in advances in April, lower than the increase of 10.9 per cent in April 2016.

Non-food credit inches up 4.5 per cent in April

Loans to agriculture and allied activities rose by 7.4 per cent in April 2017, lower than the 15.3 per cent growth in April 2016.

02 Jul 2017 11:07 AM

Bank stocks dip up to 5 per cent amid selling pressure

The BSE bank index fell by 1.45 per cent to close at 26,234.14.

27 Jun 2017 6:50 PM

Banking Ombudsman can now slap Rs 20 lakh fine

Banks could be penalised for mis-selling third-party products like insurance and mutual funds via e-banking.

24 Jun 2017 9:28 AM

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Sanjeev Ahluwalia