This comes at a time when competition has increased significantly.
The loss of income has severely dented the loan repayment ability of small borrowers
The mass cancellation of coal blocks by the Supreme Court has sent banks in a jittery mode as they have extended over Rs 1 lakh crore loans to power plants that were fed by these mines.
The suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM network of Yes Bank
Bad debt rules are steps in right direction.
The Enforcement Directorate had asked for financial details from both public and private sector banks and a part of these details were submitted last week
Some lenders in talks with LIC for pvt placement
Aviation watchdog DGCA will conduct a special audit of grounded airline Go First's facilities in the national capital and Mumbai from July 4 to 6 before approving the revival plan for resumption of flights, according to a senior official. Cash-strapped Go First stopped flying on May 3 and is undergoing a voluntary insolvency resolution process. Meanwhile, a senior executive at the airline expressed hope of resuming ticket sales -- which was paused by DGCA following the grounding of the carrier -- from July 7 or July 8 and subsequent relaunch of the operations from middle of next month.
The agency is also investigating the overall financial structure of Kingfisher Airlines.
The yield on the 10-year bond may fall to 8.70 per cent due to FII flows in debt.
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
The depreciation in rupee may pose a problem for students who have taken loans from Indian lenders.
The Finance Ministry has invited private sector bankers.
Sundararaman Ramamurthy has assumed charge as managing director and chief executive officer of leading stock exchange BSE. In a regulatory filing last year, BSE said that markets regulator Sebi has approved the appointment of Ramamurthy as its MD and CEO. "Sundararaman Ramamurthy has assumed charge as MD and CEO of BSE," the exchange said in a release on Wednesday.
The return of investor confidence in the equity markets is bringing some of the large companies back to the fund-raising table.
We must stop stigmatising business failures. Particularly when startups are mushrooming all around, the financial system, backed by the RBI and the government, can explore ways of extending support to restart the journey of a failed entrepreneur by finance as well as counselling, recommends Tamal Bandyopadhyay.
Bankers said the mammoth task of cleaning up the PSBs and improving their health will be a mammoth task for any chief executive.
Friday's US data showed addition of 173,000 jobs in August.
It will be headed by Secretary, Department of Financial Services.
Global liquidity expected to continue amid ECB stimulus
Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the United Forum of Bank Unions have gone on a nationwide strike to protest against the proposed privatisation of two state-owned lenders.
Government has finalised the appointments of State Bank of India managing director A K Batra and former Industrial Development Bank of India deputy managing director T M Nagarajan, as the two new executive directors of Sebi.
Recent rates cuts by most banks may not have a significant impact on margins, say analysts.
If a name does not unify the three, there could be continued clash of identities, which could splinter the brand even before it takes shape, say Abhijit Lele and Nikhat Hetavkar.
HDFC Bank, the country's second-largest private sector bank, has cut its base rate by 15 basis points (bps) to 9.70 per cent.
New SDR norms allow promoters to manage debt-laden firms.
Given the pressure from India Inc and the banking fraternity, it is surmised that the portfolio rejig will take place before April.
'Civil matters like loan recovery are being connected with criminal allegations, without any basis.'
The value of transactions through debit and credit cards used at the PoS fell to Rs 64,200 cr in February
The most preferred CoCo bonds are those through which banks raise their additional Tier-I capital.
Loans for Indian airlines have dried up as banks have become cautious to lend to the sector.
The recent weakness of the rupee has been due to yuan's devaluation.
Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused
Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.
'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
It was unclear how bankers were deciding which jewellers to support
Traders believe the RBI will step in more strongly, if the rupee starts falling towards 65
The rupee will largely remain stable but with a mild depreciating bias in the next one year
Bankers seem to be pleased with the government for keeping its promise of not interfering in operational matters, but are apprehensive about the intense scrutiny of their functioning.
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