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Exclusive: EH Raja on Superintendent of GST anti-evasion wing on Service tax evasion
Mon, Mar 04, 2019
Private Banks under taxman’s lens over service tax issue. : EH Raja on Superintendent of GST anti evasion wing speaks on Service tax evasion in private banks
Forget mergers, NPA resolutions, banks need to be disciplined first; Frauds in India decoded
Mon, Sep 24, 2018
There are over 23,000 cases of fraud involving a chunk of above Rs 1 lakh crore, RBI told in an RTI query.
PSBs not under PCA are set to grow faster than even private banks
Wed, Jul 25, 2018
The non-PCA PSBs advances market share is expected to be maintained at 50-51%
Arrogant system is making FIIs reduce their Indian exposure: Samir Arora, Helios Capital
Fri, Jun 08, 2018
The arrogant nature of the Indian system is one of the causes that is making foreign institutional investors (FII) sell their stocks and leave, Samir Arora of Helios Capital told Anil Singhvi, Managing Editor of Zee Business, in an exclusive interview.
Market high for 2018 behind us; risks not fully priced in: Pramod Gubbi of Ambit Capital
Thu, Feb 22, 2018
Global cues will continue to drive markets, and given the risks are not fully known, a fresh high for the market looks improbable, told Pramod Gubbi, Head of Equities at Ambit Capital, in an interview with Zee Business. Edited excerpts:
RBI’s new framework brings one ‘gateway’ for NPA resolution
Tue, Feb 13, 2018
Gross NPAs of banks continue to increase by 34.5% in Q3-FY18 on top of 59.3% last year, while NPA ratio touched 9.45% from 8.34% in December 2016.
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.
Govt's recapitalisation package will narrow PSBs credit, NPA weakness
Thu, Jan 04, 2018
Moody's expects the government will allocate the Rs 1.5 lakh crore in capital across the country's 21 public sector banks so that they will all have common equity tier 1 (CET1) ratios.
NPA issue: Can IBC help govt, RBI to deal with the problem?
Fri, Dec 22, 2017
RBI is also identifying wilful defaulters for IBC resolution under the National Company Law Tribunal (NCLT). So far, it has identified 40 wilful defaulters of banks in two lists.
Banks deposit and credit growth moderate in Q2FY18: RBI
Tue, Nov 28, 2017
The RBI data showed that aggregate deposits and bank credit growth (y-o-y) decelerated across all population groups and bank groups in September 2017 from a quarter ago.
Amendments to bankruptcy code a positive move: Experts
Wed, Nov 22, 2017
Asset resolution and bank recapitalisation are expected to strengthen banks' balance sheets and improve their "ability and willingness" to lend at rates in consonance with policy rates.
Banks allowed to hire machines, staffers for Aadhaar enrolment
Sun, Nov 19, 2017
The Aadhaar-issuing body, Unique Identification Authority of India (UIDAI), has allowed banks to hire private data entry operators and enrolment machines and expects the relaxation to speed up the opening of Aadhaar enrolment and updation centres at bank premises.
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.