Indian banks
Data breach: Microsoft shared Indian bank customers’ financial details with US intelligence agencies
Tue, Oct 30, 2018
Reserve Bank of India has flagged the data sharing by the service provider in its Risk Assessment Report (RAR), which has been placed before the banks’ audit committees for a response.
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Indian banks, insurance cos increasingly embracing digitisation: US tech expert By Gurdip Singh
Fri, Aug 17, 2018
The Indian government is giving citizens direct access and connectivity, shifting away from bureaucracy, observed Sandie Overtveld, vice president sales for Asia Pacific at Zendesk, a US-headquartered customer service software company.
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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.”
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Charge on cash deposit: Why blame the banks when RBI approved move
Mon, Mar 06, 2017
One of the reasons could be the rise in cash withdrawals since January 2017. RBI data show that people have already started withdrawing cash from their bank accounts in large numbers which has led to slowdown in digital transactions.
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Indian banks' loans rose 4.8% in two weeks to Feb 17 - RBI
Fri, Mar 03, 2017
Outstanding loans rose Rs 62.60 billion ($936.63 million) to 74.85 trillion rupees in the two weeks to Feb 17. Non-food credit rose Rs 80.70 billion toRs 73.80 trillion, while food credit fell Rs 18.10 billion to Rs 1.06 billion.
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Q3 review: Credit growth, weak NII, fee income to impact banking sector
Tue, Jan 10, 2017
Systematix said, "We expect banks’ pre-provisioning profits to rise a modest 7.7% yoy (-14.2% qoq). However, due to lower NPA provisioning yoy, we expect our banking universe to see the net profit rising 54.9% yoy in 3QFY17e."
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Asset quality issue: Indian banks' profitability and capital requirement to remain under pressure, says Moody's
Mon, Jan 09, 2017
Alka Anbarasu, a Moody's Vice President said, "Asset quality will remain a negative driver of the credit profiles of most rated Indian banks and the stock of impaired loans. Non-performing loans (NPLs) and standard restructured loans will still rise during the horizon of our outlook."
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Bank deposits soar but no sight for lending uptick
Mon, Dec 12, 2016
Nitin Aggarwal, Renish Patel analysts of Antique Stock Broking Limited said, " We expect credit growth to remain in single digit for FY17 (10% y-y growth in FY16) as capex cycle remains subdued while the demonetisation activity may further put pressure on industrial demand in the near term."
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