Canara Bank Reports 43% Growth In Q2 PAT At Rs 3,606 Cr
As on September 30, Canara Bank’s gross non performing assets (GNPA) and net NPA stood at Rs 43,955.59 crore (Rs 52,485.14 crore) and Rs 12,554 crore (Rs 17,286.13 crore), respectively. The capital adequacy ratio stood at 16.20 per cent as at September 2023.
Oct 26, 2023, 15:40 PM IST
RBI puts cap on money withdrawal from Lakshmi Vilas Bank up to 25,000 in a month
Private sector lender Lakshmi Vilas Bank was brought under moratorium on Tuesday (November 17) with immediate effect till December 16, 2020, thereby retaining all action and proceedings against that banking company during this period.
Nov 18, 2020, 16:04 PM IST
PM Modi likely to meet bankers on Wednesday, discuss issues plaguing sector amid COVID-19
The meeting will be held via video conferencing.
Jul 28, 2020, 16:43 PM IST
Govt making efforts to ensure better regulatory mechanism in banking sector: FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman has said that the Central government is making efforts to ensure better regulatory mechanism in the banking sector in the backdrop of PMC and IL&FS debt issues.
Nov 24, 2019, 07:13 AM IST
Rs 10,000 crore fund for affordable housing, mega shopping festivals to boost exports: FM Nirmala Sitharaman
FM Sitharaman said that inflation is under control and there is a clear sign of revival of industrial production.
Sep 14, 2019, 15:24 PM IST
Nirmala Sitharaman dismisses concerns related to Indian economy slowing down
FM decided to take review and feedback meeting with MSME on Tuesday, Auto sector on Wednesday, followed by industry sector, markets & finances and finally with real estate sectors.
Aug 05, 2019, 17:03 PM IST
Morning Breaking: Cabinet approves merger of Vijaya Bank, Dena Bank & Bank Of Baroda
The Cabinet Committee on Economic Affairs (CCEA) has approved the merger of state-run Vijaya Bank, Bank of Baroda and Dena Bank. This marks the first-ever three-way merger in the country's banking sector.
Jan 03, 2019, 08:36 AM IST
Pakistan's central bank denies report of mass data breach
The State Bank of Pakistan (SBP) said the IT security system of a single bank, which it did not name, had been "compromised" on October 27 and it had already instructed all banks to increase their scrutiny.
Nov 06, 2018, 23:09 PM IST
Banks' NPAs status to worsen to over 12% by March 2019: Reserve Bank of India
There are 11 banks under PCA framework on account of their high bad loans.
Jun 26, 2018, 22:35 PM IST
Hiring activity sees 6% growth in February 2018: Report
The demand to hire seasoned professionals in senior management roles with experience of over 16 years saw 16% YoY growth.
Mar 18, 2018, 15:54 PM IST
PNB fraud: After ASSOCHAM, now FICCI joins chorus for privatising state-run banks
FICCI called state-run banks privatisation is in the interest of creating 'a dynamic banking sector' in India.
Feb 19, 2018, 17:35 PM IST
Union Budget 2018-19: Here is what banking sector expects
It is expected that the FM Jaitley will have a special focus on the banking sector in the Budget 2018-19.
Jan 31, 2018, 20:36 PM IST
All India bank strike on December 27 for wage revision in IDBI Bank
The IDBI Bank employees went on two-day strike in October demanding revision of wages.
Nov 24, 2017, 17:35 PM IST
Working on plan to rebuild capacity of banking sector: Jaitley
Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and the World Bank, also said that reforming the banking system is the top agenda of the government.
Oct 12, 2017, 09:55 AM IST
Debt downgrades soar a whopping 70% to Rs 2.9 trillion in H1: Icra
According to Icra's Jitin Makkar, top 10 percentile of non-financial sectors entities downgraded accounted for around 50 per cent of the total debt downgrades in 2016-17.
Oct 03, 2017, 19:16 PM IST
PM Modi reviews banking, GST, 9 infra projects at Pragati interaction
Modi also called for sustained efforts to boost digital payments and work towards a less cash society.
Sep 27, 2017, 18:41 PM IST
RBI expands oversight committee; inducts 3 member on panel
The Reserve Bank has expanded the oversight committee by appointing three more members to the high-level panel that will vet the process to resolve mounting bad loans bogging down the banking sector.
Jun 22, 2017, 20:29 PM IST
RBI actively working on NPA resolution, action soon: Arun Jaitley
Besides NPA resolution and bank finances, the meeting also featured the government's financial inclusion schemes.
Jun 12, 2017, 13:57 PM IST
FM Arun Jaitley meets PSU bank chiefs; reviews NPA situation
Jaitley also reviewed the financial performance of all the public sector banks (PSBs) at the meeting.
Jun 12, 2017, 12:45 PM IST
Arun Jaitley to meet PSU bank chiefs today to review NPA situation
Besides, the minister will review the financial performance of all the public sector banks (PSBs) at the meeting, the first between Jaitley and them in the current fiscal.
Jun 12, 2017, 10:49 AM IST
