The move will have cascading effects for lot of related sectors
On a sequential basis, banks have had to set aside a substantial amount for bad loans, up 30 per cent from Rs 3,459 crore in the June quarter to Rs 4,508 crore.
Even the well heeled in metros find it difficult to go completely digital. Cash withdrawals from ATMs are back at the same level as they were before demonetisation
B Sriram, the senior-most managing director at SBI, along with fellow MDs Rajnish Kumar, P K Gupta, and Dinesh Kumar Khara had been interviewed for the post
Bhargav Dasgupta, managing director and chief executive officer of ICICI Lombard, tells Subrata Panda, in an interview that the company has adequate capital for now and does not see a need for fresh infusion through markets over the next few years.
Is the SBI chairman leaving the bank in a stronger and better position than what it was? Abhijit Lele finds out.
Project delays, stretched balance sheets impacting asset quality indicators of HFCs.
The time-bound nature of the bankruptcy code, envisaging resolution within 180 to 270 days, would put enormous pressure on the existing judicial infrastructure.
The gross bad debt of the Indian banking system as of March was at Rs 7.11 lakh crore
P S Jayakumar, managing director and chief executive officer, Bank of Baroda, speaks to Abhijit Lele & Hamsini Karthik about loan recoveries, sounding more confident than a year before.
The broad contours of their assignment are expected to be making independent assessment of recovery prospects, and estimating haircuts for restructuring cases.
Axis Bank Managing Director & Chief Executive Officer Shikha Sharma on the new mechanism for non-performing loans, the bank's loan portfolio, industry outlook and the bank's future plans.
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.
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