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$The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)$ Business

Banks need to handhold MSMEs to push job creation: Rajiv Kumar

Govt's decision to provide Rs 2.11 lakh cr capital support through various means will support industries and MSMEs.

26 Oct 2017 10:35 AM GMT

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Business

Recapitalisation plan positive for banks' ratings: Fitch

Govt recently announced to infuse Rs 2.1 trillion in state-run lenders over a two-year period.

26 Oct 2017 5:43 AM GMT

DCB Bank has revised downward its MCLR across tenors with overnight loans attracting 8.35 per cent interest rates. (Representational Image)

Business

Banks need to set aside Rs 3.3 tn as NPA provisioning in FY18

Banks would need to step up on provisioning, mainly for large corporate NPAs.

12 Oct 2017 11:13 AM GMT

Ordinance aims at putting in place safeguards to prevent unscrupulous persons from misusing or vitiating the provisions of IBC.

Business

New IBC provisions to deepen losses for banks: report

Amendments to insolvency law need to be approved by Parliament in its next session beginning Dec 15.

24 Nov 2017 10:34 AM GMT

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Business

Bank stocks surge up to 6 pc as Moody's ups India rating

The broader market also cheered the news as the BSE Sensex jumped 331.72 points to trade at 33,438.54.

17 Nov 2017 6:47 AM GMT

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. Photo: PTI

Business

Domestic banks' overseas presence up marginally in FY17: RBI

Domestic banks' branches operating abroad saw rise in fee income to Rs 9,400 cr in 2016-17 from Rs 8,680 cr.

2 Nov 2017 3:05 AM GMT

On observing certain irregularities and fraudulent activities, Sebi passed an interim order against the company and its promoters in December 2011 and passed a final order in December 2013.

Business

Loan default: Listed companies get a breather from Sebi

Sebi had asked listed entities to inform exchanges in case it defaulted on payment of interest.

30 Sep 2017 6:18 AM GMT

As per estimates, only 5 per cent Indians use digital payment modes.

Business

Card payments push may land banks with a Rs 3800 cr annual hole

Net revenue gain per annum from ON-US transactions at PoS would be around Rs 900 crore only.

28 Sep 2017 12:57 PM GMT

A file photo of women queuing up to apply for the Aadhaar card in Merta town of Rajasthan.

Business

1,000 bank branches open Aadhaar updation centres on premises

UIDAI gave banks one more month to open Aadhaar enrolment centres in a stipulated 10 per cent of branches.

21 Sep 2017 5:02 AM GMT

Business

Fitch has negative outlook on banks, raises capital concerns

Banks will need USD 65 billion in additional capital to meet Basel III requirements by March 2019.

14 Sep 2017 12:34 PM GMT

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

Business

NPAs to touch 10.5 per cent by March as banks recognise entire stress

The 9.5 per cent NPA figure for March 2017 includes only two-thirds of the overall stressed assets.

14 Sep 2017 9:41 AM GMT

Business

Banks face $65 bn capital shortage to meet Basel III norms: Fitch

Weak capital positions have a major negative influence on Indian banks' Viability Ratings.

12 Sep 2017 9:22 AM GMT