Writes to shareholders highlighting its performance, governance practices.
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.
ICICI Bank, HDFC Bank and Axis Bank reported healthy loan growth and asset quality.
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.
IBA has commissioned a study to evaluate the pros and cons of keeping banks shut on Saturdays.
With the advent of new banks, IT firms will get boostto their businesses.
Most players will need to burn the midnight oil to meet the deadline for creating a bank as well as specific norms set by RBI.
It is also learnt that Deutche bank has initiated a search for a new head of its private wealth management business in India
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.
According to sources, a few hundred have been issued to Indian businessmen, celebrities and brand experts.
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.
The Central Vigilance Committee has sought loan data from United Bank
The Reserve Bank of india is likely to tell state-run United Bank of India (UBI), which has seen erosion of capital due to bad loans and higher provisioning to implement prompt corrective action.
NPAs, cost, fee income, productivity, HR reorientation are focus areas; schedules drawn for addressing all from weeks to a year.
Some lenders in talks with LIC for pvt placement
Bankers and executives involved in ATM operations said challenges abounded in this segment.
Lender had 5.12 mn cards - almost a third of the total number of credit cards in the industry - at the end of November, 2013.
Loan defaults and restructuring to limit profits.
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
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