With the management of most State-owned banks hardly having time to concentrate on big-ticket business, growing the business of loan disbursals has been pushed down the priority order.
According to the report, financial assets of the Indian households are predominantly in the form of bank deposits, followed by life insurance - a pattern that got disrupted after note ban
'Some business families would probably have to revert to their core businesses, which the IBC will ensure.'
The government has asked the Indian Banks' Association to make sure that IDBI Bank's wages are on a par with other banks.
Y H Malegam, 80, will head the panel that will look into non-performing bank assets and their relation to the Rs 114-bn PNB scam.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
It is up to the bank management to decide which application gets to interact with the CBS
The problem here is that internal auditors are good at accounts, but they are not trained to track foreign exchange transactions
The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved
RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities.
Experts said the new framework has ensured that the focus has moved to creditor protection from debtor protection.
The amount of loans that carry a high risk of slippage into the NPA category over the next few quarters is about Rs 2.8 trillion.
Banks given 180-day time for NPA resolution, matter to be referred to Insolvency Board within 15 days.
Banks argued that loans of most lenders are funded primarily by retail deposits and not from the wholesale market as was the practice abroad
Loss takes analysts by surprise, as they were expecting the bank to post a net profit of Rs 19 billion.
Foreign banks were ahead in terms of technology, but that is no longer the case as Indian private banks steal the innovation march.
It is also considering to hike FDI cap for public sector from 20 per cent to 49 per cent
Instead of a rate hike, or even a pause, there could be a window for the RBI for an interest rate cut
Growth impulses, while improving, remain fragile, and a rate hike will be disruptive to interest costs.
Loans, cash credits, and overdrafts at the end of December 22, 2017, stood at Rs 81,287.32 billion, against Rs 73,340 billion in the year-ago period.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances