Rush to offload bad loans indicates a revival in asset-sale market
The voting results were concluded on Sunday and will be sent to the exchanges on Monday morning. YES Bank could not be reached for comment.
However, the remuneration of Puri and Kochhar are not strictly comparable as the two banks follow different accounting practices.
In the domestic market, the cost is a third but in the international market, we are finding it difficult to price it accordingly.
A white-label ATM is similar to a normal bank ATM but is not owned by a bank, instead by a private ATM service provider.
Apart from streamlining loan processing, most public sector banks charge lower interest rate, an aspect which seems to be game changer.
Norms governing investments by provident funds bar these from depositing funds in a commercial bank in case the NPAs of that bank exceed two per cent of net advances.
Apart from mobile apps, 611 websites with the .in domain in the country were also found to be vulnerable, the Trend Micro survey reveals.
SBI's overall gross NPA as on end-December 2013 was close to Rs 68,000 crore ( Rs 680 billion) or 5.73 per cent of its gross advances.
The Sahara group's problems continue, with rating agency CARE cutting its 'BBB' ranking for Sahara Hospitality Ltd's (SHL) long-term bank facility to 'BBB-', due to sub-optimal financial and operational performance.
Currently, the West Asian banking group has three branches - in Mumbai, Hyderabad and Kochi.
The State Bank of India has proposed to the RBI to allow it to charge mark-to-market losses on its balance sheet.
NPAs, cost, fee income, productivity, HR reorientation are focus areas; schedules drawn for addressing all from weeks to a year.
Bankers and executives involved in ATM operations said challenges abounded in this segment.
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
At present, there is no cap on free transactions at own-bank ATMs, while customers can use other banks' machines up to five times a month without any extra cost.
Delays in returning money for disputed transactions have also come under RBI's scanner.
Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
All categories of NRI deposits saw net inflows in July.
The government is set to carry out a performance review of companies that have opted for corporate debt restructuring (CDR).
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