Though lack of credit demand exists in the economy, there is no supply-side constraint said SBI Chairman Rajnish Kumar.
18 Aug 2019 5:50 PM
The campaign comes at a time when the economy is facing headwind and it has slowed to a 5-year low of 6.8 per cent.
17 Aug 2019 11:15 AM
Participating banks suggested that government should simplify GST framework and lower GST rates to enhance tax compliance.
13 Aug 2019 6:35 PM
The bank has recovered about Rs 800 crore in the first quarter, said Syndicate Bank MD Mrutyunjay Mahapatra.
12 Aug 2019 5:06 PM
The capital infused was largely consumed to tide over losses resulting from provisions required on non-performing assets.
09 Aug 2019 9:14 AM
The philosophy of “social control” over banks and other financial sector institutions was being already discussed in the 1960s.
08 Aug 2019 11:35 PM
Banks need to commensurately transmit rate cut benefit in lending, said an official release.
05 Aug 2019 8:27 PM
In the last few months, there have been signs of revival in public sector banks.
03 Aug 2019 11:24 AM
The country's largest bank, State Bank of India, has lending worth Rs 1.76 lakh crore classified as NPA till march 2019.
01 Aug 2019 10:18 AM
Over the last 4 financial years, PSBs were recapitalised to the extent of Rs 3.12 lakh cr, with an infusion of Rs 2.46 lakh cr by the govt.
26 Jul 2019 10:13 AM
At the June policy announcement, Das had said banks had passed on only 21 bps of the 50 bps rate cuts.
20 Jul 2019 10:54 AM
Govt has instituted a comprehensive 4R's strategy for recognition of non-performing assets (NPAs) transparently.
16 Jul 2019 4:08 PM
Public sector banks will use technology for enabling the customer of one PSB to access service across all PSBs as well.
05 Jul 2019 1:12 PM
The performance of the banking system has improved as non-performing asset (NPA) ratios declined and credit growth accelerated.
04 Jul 2019 1:06 PM
As per data from RBI, gross loans and advances in state-run banks came in at 638.2 bn rupees, as of March 31, 2019.
03 Jul 2019 9:37 AM
RBI imposed a penalty of Rs 1.75 crore on four public sector banks, including PNB and UCO Bank.
03 Jul 2019 8:45 AM
Since the beginning of the scheme, over 19 crore loans have been extended under PMMY as on June 21, 2019.
01 Jul 2019 4:18 PM
NPA in the banking system had peaked at 11.5 per cent in March 2018 and then declined to 9.3 per cent in March 2019.
25 Jun 2019 4:00 PM
India’s central bank and the govt is in the midst of cleaning up a banking system saddled with the world’s worst NPA ratio.
18 Jun 2019 3:28 PM
The government made record capital infusion of Rs 1,06,000 crore in the public sector banks last fiscal.
17 Jun 2019 11:17 AM