Discussion paper fixes Rs 1,000 cr as minimum capital for these specialised banks
The value of transactions through debit and credit cards used at the PoS fell to Rs 64,200 cr in February
Arundhati Bhattacharya talks about SBI's strategies, its aim to be among the top 30 banks globally, and stressed assets resolution.
Demands include 5-day banking, PF to be calculated on total salary and allowances, not only on basic
Punjab National Bank, Bank of Baroda, Bank of India and Canara Bank already charge their customers a levy for failing to maintain a minimum balance for a quarter or a month.
Deficits could come under more pressure in coming years as states implement their own Pay Commissions.
SBI might present the first result for the combined entity at the end of the first quarter of 2017-18
Rather, the existing ones should be implemented speedily to clean up the mess.
The Essar group, Jindal Steel and Power, Monnet Ispat, Bhushan Steel and the Avantha group have been asked to close deals by March-end.
Collection dived to 75-80% in November-December from 99% after demonetisation.
Axis Bank's loan portfolio quality deteriorated, with gross NPAs rising to 5.22% of gross advances.
Banks lend 60,000 cr in 8 weeks since Nov 8; Y-o-Y credit expansion slows further.
Going by the pace, almost 80 per cent of the demonetised currency is expected to be replaced by end-February.
The upgrade, said Icra, takes into account the "robust internal accrual generation, leading to low reliance on debt, as well as gearing levels, and strong debt protection metrics".
A teaser loan is one where the lender offers a slightly lower rate in the initial years and then charges higher rates in later years.
Demonetisation impact: Money lenders make a comeback.
Banks have reported that banknotes worth Rs 592,613 crore have been issued to the public.
'Nobody will wait now. Everyone will come to deposit their old notes. The confidence is shaken.'
There is not much bank employees can do, but some words of encouragement from the management would have helped. Stretched working hours and the tense atmosphere is taking a toll on their health.
New regime on loans to one party to kick in by Apr 2019.
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