Public sector banks' employees to go on stike tomorrow
A section of public sector banks' employees will observe one-day strike across the country Friday to protest violation of bilateral settlement agreement by associate banks of State Bank of India.
Jan 07, 2016, 18:14 PM IST
Banks enter 2016 with $60 billion red ink on books
As a New Year begins, it's not a clean slate for the banks with balance sheets full of red ink due to huge bad loans worth about USD 60 billion and a serious clean-up job is a must in 2016 with the RBI having set a deadline.
Jan 01, 2016, 21:46 PM IST
Payments banks no threat to current banking giants: Report
Payments banks have a very limited scope of services to offer customers and will particularly not have access to sticky low cost deposits which the traditional banks have along with capacity to lend.
Nov 29, 2015, 12:35 PM IST
Finance Ministry to set up high-level panel to tackle NPAs
Concerned over mounting bad loans, the government is planning to set up a high-level panel to effectively deal with the issue, said a senior Finance Ministry official.
Nov 27, 2015, 14:24 PM IST
NPAs Of 37 Banks Record 26.8% Increase In Last One Year
In last one year 37 banks including public banks have shown an increase in NPAs by 26.8% due to halted Infrastructure projects.
Nov 25, 2015, 18:50 PM IST
Clean up balance sheets, you have all powers to deal with wilful defaulters: FM Jaitley to banks
Finance Minister Arun Jaitley Monday asked state-owned banks to clean up their balance sheets at the earliest, stressing that they have all the powers to deal with wilful defaulters.
Nov 23, 2015, 22:28 PM IST
ICRA says NPAs under control, pegs it down at 5.5% from 5.9%
The days of continuously rising bad loans are over for the banks and they are set for revival with an improvement in their gross stressed assets, says rating agency ICRA.
Nov 23, 2015, 20:38 PM IST
Banks have all powers to deal with wilful defaulters: Arun Jaitley
Concerned over "unacceptable" NPA levels, Finance Minister Arun Jaitley on Monday discussed with PSU bank chiefs the issue of wilful defaulters and said that the lenders have all the powers and autonomy to deal with them.
Nov 23, 2015, 16:07 PM IST
RBI will significantly improve banking sector in reasonable time: Arun Jaitley
The FM assessed the progress made under the Jan Dhan Yojana and Prime Minister's social security schemes.
Nov 23, 2015, 14:20 PM IST
Arun Jaitley to meet PSB heads today; NPAs, rate cut on agenda
The gross NPAs of PSBs rose to 6.03 percent at the end of June 2015.
Nov 23, 2015, 09:01 AM IST
Arun Jaitley to meet PSB heads Monday; NPAs, rate cut on agenda
The performance review meeting of public sector banks (PSBs) will also take stock of the credit flow to productive sectors to spur economy and review of 'Indradhanush', the seven-pronged strategy to revive PSBs, sources said.
Nov 22, 2015, 11:12 AM IST
Axis Bank Q2 net profit rises 19% to Rs 1,916 crore
Private sector lender Axis Bank Tuesday reported a 18.93 percent increase in its net profit at Rs 1,915.64 crore for the second quarter ended September 30.
Oct 27, 2015, 19:13 PM IST
NPA problem to continue for next 2-3 quarters: PSBs to FinMin
Facing mammoth NPAs, PSU banks Wednesday said the problem of poor asset quality "may continue" for another 2-3 quarters as the Finance Ministry took stock of issues, including the alleged Rs 6,100-crore black money remittance case involving Bank of Baroda, facing them.
Oct 21, 2015, 22:52 PM IST
HDFC Bank net profit up 20.5% on hight retail loans, other income
Country's second largest private sector lender HDFC Bank Wednesday reported a 20.5 percent jump in net profit to Rs 2,869.5 crore in the three months to September, helped by rise in other income and robust performance in retail loans segment.
Oct 21, 2015, 21:04 PM IST
Consolidation can create only big weaker PSBs now: Nayak
Former chairman of Axis Bank P J Nayak, who headed a government panel on banking reforms, has criticised government's move to consolidate state-run banks which are facing serious asset quality issues, saying it will only lead to bigger weaker banks.
Oct 18, 2015, 21:21 PM IST
7,035 wilful defaulters owe Rs 59,000 cr to PSU banks
As many as 7,035 wilful defaulters owe about Rs 59,000 crore to state-owned banks and SBI and Central Bank of India account for bulk of such borrowers.
Oct 18, 2015, 19:10 PM IST
Finance Ministry asks banks to revisit their risk management process
In the wake of the Rs 6,100-crore black money remittance case involving Bank of Baroda, the Finance Ministry has asked all PSU banks to review their internal risk management process to prevent recurrence of such fraud.
Oct 14, 2015, 19:37 PM IST
Lot of money, time wasted by PSU banks in filing litigation: Finance Ministry
The initiative has been taken by ministry as a part of National litigation Policy.
Oct 12, 2015, 16:56 PM IST
Govt exploring options to dilute stake in IDBI Bank
Various options are being considered, including strategic sale and offer for sale (OFS), for dilution of the government stake in IDBI Bank, but these are at a preliminary stage, sources said.
Oct 02, 2015, 19:13 PM IST
Govt open to dilute stake in state-run banks to 52%: Arun Jaitley
Government is open to dilute its stake in public sector banks to 52 per cent, Finance Minister Arun Jaitley said today and promised more steps to tackle bad loan problems including those involving state power providers.
Sep 28, 2015, 17:00 PM IST
