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From cheque clearance to cash deposits, banking services to hit as 10 lakh PSU bankers strike today
Tue, Aug 22, 2017
Employee unions under United Forum of Bank Unions (UFBU) has called for today's bankers strike.
From Aadhaar linkage to farm loans upto Rs 3 lakh; Here's what Interest Subvention Scheme 2017-18 is about
Thu, Aug 17, 2017
RBI introduced various measures in the Interest Subvention Scheme for Short Term Crop Loans during the year 2017-18. The aim is to provide agriculture credit at affordable rate.
Cost of recapitalising state banks may rise, says Fitch
Wed, Aug 16, 2017
Between April - till date, AT1 instruments worth around Rs 18,300 crore have been issued by eight banks, compared with Rs 4,800 crore by four banks in the corresponding period of the previous year.
Private banks lead PSU banks in credit, deposit growth in FY17
Tue, Jul 04, 2017
Latest data of Financial Stability Report indicates private banks have outperformed public ones when it comes to credit and deposit growth. PSBs has lost share in total credit over the last three time periods.
Bankers take home up to Rs 10 crore per year; salaries of top five bankers in the country
Mon, Jun 26, 2017
Bankers salaries in India go up to Rs 10 crore packages with incentives and perks. Zeebiz lists out top five banks and the salary drawn by its top management in the last fiscal.
State Bank of India chief's salary zilch compared to counterparts in private banks
Sun, Jun 25, 2017
SBI, one of the world's 50 largest banks, pays only a small fraction to its top management as compared to private sector players like ICICI Bank and HDFC Bank.
Cabinet approves interest subvention on short-term crop loans; Here's are its features
Wed, Jun 14, 2017
Union Cabinet has approved an interest subvention scheme for farmers short term loan aggregating up to Rs 3 lakh borrowed during the year 2017 - 18. RBI and NABARD will implement the scheme.
Addressing NPAs of Bank: Insolvency & Bankruptcy code to play major role in resolution
Thu, May 18, 2017
With the government and the Reserve Bank of India (RBI) deciding to first tackle the top-50 large stressed assets into the banking universe, corporate insolvency will emerge as a credible solution for resolution bad assets.
NPAs: This is how other countries deal with their bad loans
Thu, May 11, 2017
As both government and RBI trying to do all they can, lets have a look at other countries who tackled with the same so-called NPA problems. Some of these methods may help India in their problem as well.
Solving NPA problem is a long process, RBI first needs to discipline banks
Wed, May 10, 2017
A Moody's Investor Services report said, "Both the measures aim to motivate banks to be more proactive in NPL resolution as well as improve co-ordination among banks. For instance, RBI can now direct banks to undertake a plan of action for specific assets if it feels that banks are not taking the prudent approach."
Private banks may have completed the process of recognizing NPAs post AQR
Tue, May 09, 2017
With the commencement of earnings season, major private banks have announced their fourth quarter ended March 31, 2017 result. The data in their financial audit shows period of high NPAs is over.
New NPA norms give more power to RBI to settle bad loans but is it that easy?
Fri, May 05, 2017
As per the new rules, under Section 35AA - the central bank is entitled to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default under the provisions of the Insolvency and Bankruptcy Code.
Here's a view of Banking ordinance assented by President to tackle banks' NPA crisis
Fri, May 05, 2017
The draft published on Gazette of India said, “Whereas the stressed assets in the banking system have reached unacceptably high levels and urgent measures are required for their resolution.”
Banking rules revamp to make bad loan resolution more effective, says finance secretary
Thu, May 04, 2017
Finance Minister Arun Jaitley said late on Wednesday that the federal cabinet had taken some significant decisions related to the banking sector, without revealing details saying the decisions needed Presidential assent.
Here's how banks can save themselves from NPA stress
Wed, May 03, 2017
Bad loans are one of the reasons why banks are currently suffering through higher provisions, deterioration in asset quality, higher slippages and thus lower earnings.
Can RBI solve stressed assets problem alone?
Fri, Apr 21, 2017
The Reserve Bank of India (RBI) has brought in new reforms to tackle banks' long hanging problem of “stressed assets.” Stressed assets arise after adding into non-performing assets (NPA), restructured loans and written off assets.
Q4 was another challenging quarter for Banking sector?
Wed, Apr 19, 2017
Previous three quarters of banking sector in FY17 were muted as they suffered from single-digit loan growth, excess liquidity, weak NII and lack of resolution to its non-performing assets (NPAs) problem.
Cash balance in Jan Dhan accounts at its lowest since October
Wed, Mar 29, 2017
Data show that although from October to November 2016 saw an over Rs 30,000 crore rise in deposits in Jan Dhan accounts, withdrawals are slowly inching up,
Agency banks, RBI offices to remain open till April 1
Sat, Mar 25, 2017
The Reserve Bank of India (RBI) has asked all agency banks -- all public sector banks and some private banks -- to remain open on all days between March 25 and April 1.
Economic Survey 2016-17: Suggests setting up of a centralised Public Sector Asset Rehabilition Agency
Tue, Jan 31, 2017
The consequent squeeze of banks has led them to slow credit growth to crucial sectors-especially to industry and medium and small scale enterprises (MSMEs)-to levels unseen over the past two decades. As this has occurred, growth in private and overall investment has turned negative . A decisive resolution is urgently needed before the TBS problem becomes a serious drag on growth.