A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
V G Mathew, managing director and chief executive officer of South Indian Bank speaks to Gireesh Babu, about demonetisation impact, rights issue and future plans.
The gross bad debt of the Indian banking system as of March was at Rs 7.11 lakh crore
Finance Minister P Chidambaram asked Britain on Thursday to allow Indian banks to open more branches in that country.
A Reserve Bank panel has suggested a benchmark floating interest rate, especially or home loans, to bring greater transparency in the pricing of credit.
As ATMs hold huge amounts in cash and criminals use them to get to customers' cards and PIN data, electronic security is crucial
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
A section of the public sector banking employees will go on two-day all-India strike from Wednesday to protest against financial sector reforms and outsourcing of jobs.
For banks, the package will limit the burden of provisioning for stressed loans. Besides, the proposed restructuring package for MSMEs with a credit of up to Rs 25 crore is expected to provide a breather to units from this sector.
Faced with an increase in defaults on home loans, banks are beginning to feel the 'bite' after growing their portfolios at breakneck pace in the last three years, according to State Bank of India Chairman O P Bhatt.
The bank will have around 501 branches.
Head of state-run Indian Bank T M Bhasin had called for a CRR cut.
They rallied to beat Indian Bank in their concluding match in the NFL.
26 chartered accountants associated with such shell companies have also been identified
Belgium-based financial transaction SMS provider SWIFT is working on a partnership with eight leading Indian banks to form a joint company by 2012-end to expand its footprint in banking and financial sector of India, a company official said on Wednesday.
A letter containing the demands had been given to the authorities including Indian Banks Association on March 26, but no decision was taken, United Forum of Bank Unions convenor A C Joseph told media on Tuesday.
Digibank will offer only savings deposits initially, but will expand to include investments and lending in the coming months.
Peasants from Maharashtra's drought-affected Beed district feel the government machinery and politicians are indifferent to their plight.
For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore.
On the other hand, quasi-state owned National Bank of Pakistan and privately-owned United Bank Ltd will be running full-banking operations across the border, once licensed by India.
The yields on the US Treasuries that are used as a benchmark for pricing dollar-denominated bonds eased providing relief on overall pricing.
The Reserve Bank on Friday raised the interest rate ceiling on NRI deposits in foreign currencies by up to 3 per cent, To attract inflows in view of falling rupee.
A 4-2 win over India bank saw them climb the NFL ladder.
Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
The RBI now brings in important and contentious changes directly through voluminous Master Directions, or Master Circulars
Chidambaram mocked her with a tongue-in-cheek tweet.
Applying for a loan? Your religion will soon be a deciding factor!
The broader NSE Nifty moved between 10,705 and 10,785.55, before ending 25.15 points, or 0.23 per cent down at 10,716.55.
Banks may also rate students every year and fix interest rates according to the ratings.
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Banks had a tough time in recovering loans from corporates in 2014.
Remunerate Business Correspondent Channel to bring sustainability and scalability in the model
Take their credit card business to sub-Tier-II cities to tap latent demand
In its letter, finance ministry has pointed to sections 35, 35A and 36 of the Banking Regulation Act, 1949, to highlight the powers and functions of the RBI as regulator
'Fall in line or you will be in the line of fire.'
Limit your investment in cryptocurrencies and make sure you have current holdings in your own custody until regulatory cloud blows over, experts tell Sanjay Kumar Singh.
The unions have called for a strike against proposed closure of associate banks and their merger with the State Bank of India
The final hearing in the case at the London magistrate's court to extradite Mallya to India is scheduled later this month.
Bankers and industry analysts say a number of public and private sector banks have expressed willingness to offer fresh loans to Indian companies to help them repay their overseas dues maturing in the near term.
