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After PNB scam, non-governmental Expert Agency to review PSBs' monthly performance
Wed, May 09, 2018
In January 2018, the government announced Rs 2.11 trillion recapitalisation plan for public sector banks, besides chalking out a comprehensive time-bound reforms agenda, EASE (Enhanced Access and Service Excellence). State-run banks were asked to seek approval from their respective boards for implementing the EASE plan.
Banks stare at $38 bn new dud loans from power sector: Report
Wed, Apr 04, 2018
The report is based on the fact that as much as 71 gigawatt (gw) of private sector coal-based projects are facing bankruptcy filings at various NCLTs, implying probable resolution from June 2019 and it expects an average 75 per cent write-off in these loans. Of the USD 178 billion loan, the distribution companies have USD 65 billion, generation companies have USD 77 billion, and transmission firms have a debt burden of USD 36 billion, says the report penned by BofA-ML research analysts Amish Shah and Sriharsh Singh.
Bank holiday 2018: 5 days of continuous break coming this week, ATMs to run dry? Full list and more here
Mon, Mar 26, 2018
The banks will be closed on Thursday and Friday owing to Mahaveer Jayanthi and Good Friday. Saturday will remain open since it is the fifth Saturday of the month. Banks are only closed on second and fourth Saturdays.
No continuous holidays for banks
Mon, Mar 26, 2018
D. Thomas Franco Rajendra Dev, General Secretary of the All India Bank Officers Confederation said banks will be closed on Thursday and Friday owing to Mahaveer Jayanthi and Good Friday. Saturday will remain open since it is the fifth Saturday of the month. Banks are only closed on second and fourth Saturdays.
Education loans the newest asset class in securitisation mart
Fri, Mar 23, 2018
In February this year, Crisil had rated the country's first personal loan/cash loan securitisation transaction in almost a decade and early this month it rated the PTCs backed by receivables from consumer durable loans. Earlier this month, Crisil also rated on the country's first education PTC by Vivriti Victor Trust originated by Avanse Financial Services.
Banking crisis in India: S&P has this to say about turnaround
Wed, Mar 21, 2018
Banking crisis in India: In a report titled 'Will the global economic recovery lift banks in major emerging markets', S&P said government has taken steps by splitting the post of Chairman and Managing Director but more concrete steps would be needed to reform the banks and strengthen their internal control systems.
In big crackdown, Centre orders banks to 'name and shame' wilful defaulters
Tue, Mar 13, 2018
Fixed deposit, saving account interest rates: Earn big through flexi bank account, here is how
Mon, Feb 26, 2018
A flexi bank account gives you higher interest rate benefit of a fixed deposits and liquidity of a saving account, in other words, it operates as the best-of-both-worlds for customers.
Implementation gap may hit Insolvency and Bankruptcy Code
Tue, Feb 20, 2018
A comprehensive bankruptcy code alone can address the issue of non-performing assets, taking into consideration international practices
PNB fraud: Are public sector banks heading to gallows in India?
Mon, Feb 19, 2018
By Anto T Joseph
Punjab National Bank detects $1.77 billion worth of fraudulent transactions
Wed, Feb 14, 2018
State-run Punjab National Bank (PNB) said on Wednesday it had detected some "fraudulent and unauthorised" transactions worth about $1.77 billion at one of its branches in Mumbai.
Market take heavy beating, tumble 983 points for the week
Sat, Feb 03, 2018
The budget proposals of 10% long term capital gains tax on equities and overshooting of fiscal deficit target quashed investor optimism
Banks seen increasing deposit rates in near term: Icra
Tue, Jan 30, 2018
The rating agency also expects the incremental bank credit offtake to surge in the current quarter
58% banks report rise in bad loans in July-Dec: Survey
Wed, Jan 24, 2018
According to the survey, 58 per cent of the respondent banks reported a rise in NPAs, significantly lower than 80 per cent in the previous round. Infrastructure, metals and engineering goods were key contributors to the bad debt.
RBI concerned over banks' rising exposure to sovereign bonds
Wed, Jan 17, 2018
Share of commercial banks in outstanding G-Sec was around 40%, while investment of SCBs in these bonds was about 82% of total investment by end of FY17.
Corporate bond yields decline over the years: CARE Ratings
Fri, Jan 12, 2018
The movement of Corporate Bond Yields shows that yields have declined over the years - from an average 9.44% in 2014 to 8.54% in 2016 and 8.30% in 2017.
Banks may sell stressed loan accounts to ARCs in absence of bidders
Tue, Jan 09, 2018
As many as 28 stressed loan accounts may be sold to asset reconstruction companies (ARCs) by banks in the absence of suitable bidders. These accounts were asked to resolve or send to bankruptcy courts for launch of insolvency proceedings by the central bank.
Rs 80,000 crore PSB recap bonds to be accompanied by more reforms: FM Jaitley
Thu, Jan 04, 2018
The Lok Sabha today gave its approval for Rs 80,000 crore recapitalisation bonds for strengthening public sector banks (PSBs), with Finance Minister Arun Jaitley promising that the fund infusion would be accompanied by a series of reforms.
Banks await Rs 15000-cr MTM loss on surging bond yields:Report
Wed, Jan 03, 2018
As much as 80% of this Rs 15,000-crore loss are slated to be absorbed by state-run lenders
FRDI Bill gets extension, may not come even in next Budget session
Tue, Dec 19, 2017
The bill proposes to create a framework for overseeing financial institutions such as banks, insurance companies, non-banking financial services companies and stock exchanges in case of insolvency.