Yashwant Sinha explains where the Modi government has gone wrong in its handling of the economy.
Axis Bank's loan portfolio quality deteriorated, with gross NPAs rising to 5.22% of gross advances.
Take a call to stay put or opt our based on whether you think the company will be able to find a strategic investor, suggests Sanjay Kumar Singh.
The government will not bring down its ownership in public banks.
Union Finance Minister Arun Jaitley is set to present the Budget next month.
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.
Jaitley said there was a need for the banking sector to fund infrastructure and manufacturing sectors to support the ambitions of higher growth.
Since January 1, the rupee value has fallen by 5.5 per cent against the US dollar and touched life-time low of 58.98 on Tuesday.
Arundhati Bhattacharya, the chairperson of country's largest bank SBI, has been named as the most-powerful woman in business in India by Fortune magazine.
Moody's said domestic growth will offset global headwinds.
RBI, govt steps to help banks end NPA woes by Mar'17: Rajan
The repo rate could be reduced by 50 bps in the current year.
RBI will make a presentation on January 24 before the panel on the state of NPAs and stressed loans.
Banks have reduced their base rate or the minimum lending rate in the range of 0.1-0.5 per cent till April 15.
Speaking at the Delhi Economic Conclave in New Delhi, Reserve Bank of India Governor Raghuram Rajan said the central bank will come out with a discussion paper next week with regard to distressed borrowers and rising non-performing assets.
The amount of loans that carry a high risk of slippage into the NPA category over the next few quarters is about Rs 2.8 trillion.
Reserve Bank has almost finalised the structure of Central Fraud Registry.
As many as 433 borrowers have taken loans of over Rs 1,000 crore.
The mergers will not involve any cash but only share swaps
Private lenders have also been expanding their branch and automate teller machine networks aggressively.
The bank's overall exposure to the 40 select accounts referred by the Reserve Bank to be resolved under bankruptcy laws is Rs 15,229 crore
The operating income of the bank fell by 5.17 per cent to Rs 25,612 crore during April-June quarter of 2017-18
Most borrowers of loans against property pin hopes on future cash flows from their business, but in case of failure to repay the loan, the lender can repossess the property and sell it.
Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts
"I am an academic and I have always made it clear that my ultimate home is in the realm of ideas," Rajan said in a letter to staff.
'Obviously, there is always an argument that a weaker rupee could push up, to some, extent exports.' 'The fact that the rupee has appreciated against the Chinese currency is pushing a lot of Chinese imports into the Indian market.'
Banks recovered Rs 18,933 crore (Rs 189.33 billion) worth of bad loans during the April-December period.
Banking stocks, including top ones like State Bank of India, ICICI Bank, HDFC Bank, Bank of Baroda and Bank of India, among others, have fallen sharply in the last one month.
Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.
Investors remain cautious ahead of F&O expiry.
The meeting will be attended by all heads and EDs of public sector banks
This is the lowest investment grade rating.
The meeting with the top officials of public sector banks is scheduled for March 5, a senior finance ministry official told PTI.
RBI has cited at least 10 areas where it has no control over PSBs.
A roadmap for the consolidation of public sector banks will be outlined during the year.
Some experts had said the Budget did not have much in terms of big ideas.
The revision was announced before Indian markets opened on Thursday.
The continuing stress faced by corporate India has weakened their debt-servicing capability and this is reflected in the banks' books, as yet-burgeoning bad loans.
For 2015-16, IMF pegged India's growth rate at 7.5 per cent.
A bit of good news is that it has already mopped up $19 billion in forwards in May.
