Banking Industry

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  No Respite For Banks As Bad Loans Hit Record Rs 9.5 Lakh Crore At June-End

  While banks remain the main source of funding for India's companies, the stubborn bad debt problem has eaten into bank profits and choked off new lending, especially to smaller firms, at a time when an economy that depends on them is stalling.

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  London Bankers Face Brexit Choice - Lobby Or Leave

  A week after Britons voted themselves out of the European Union, many London-based bankers and their employers face two options if they are to secure their futures: lobby or leave.

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  PSU Bank Loan Growth To Stay Muted At 9% Till FY19: India Ratings

  Loan growth of state-run banks is likely to be remain at a low 9 per cent over the next three years due to their limited availability of growth capital, according to a report by India Ratings.

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  Hiring Activity Slips 7% In December Amid Uncertainty: Report

  Although December 2016 was a slow month for hiring, the banking Industry has seen a considerable uptick with jobs increasing by 14 per cent on a year-on-year basis.

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  Union Budget 2017: What Banking Sector Expects From Arun Jaitley

  In 2015, the government had announced a revamp plan,'Indradhanush', to infuse Rs 70,000 crore in state-owned banks over four years, while they would have to raise a further Rs 1.1 lakh crore from the markets to meet their capital requirements in line with global banking risk norms Basel III.

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  Worst Behind Banking Industry on NPA Front: ICICI's Chanda Kochhar

  At the same time, Ms Kochhar warned that the continuing stress on the corporate sector as a whole would still impact the cash flows and therefore the non-performing assets (NPAs) could still continue to rise, although at a slower rate than the last fiscal.

• Bank Deposits Up 14 Per Cent on Year, Credit Expansion at 13 Per Cent: RBI

  Bank deposits grew 14.09 per cent year-on-year to Rs 79,28,851 crore as of May 30, faster than the 13.01 per cent growth in credit in the same period, data from the Reserve Bank of India (RBI) showed.

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  Banks Eyeing Big-Ticket Reforms In Budget: Survey

  Banks want the government to announce additional tax incentives for customers on term deposits, such as reduction in lock-in period for tax saver fixed deposits, and increase in tax exemption limit for interest income from term deposits.

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  Abrupt Collapse Of 2 US Banks Has Entrepreneurs, Politicians Worried

  SVB's abrupt demise - the biggest in more than a decade - has left legions of Silicon Valley entrepreneurs in the lurch and livid.

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  Three Chinese Lenders Look To Sell RCom Loans Ahead Of Insolvency Resolution

  RCom’s Chinese lenders look to sell their loan exposure before insolvency proceedings end

• Citigroup, Goldman Defend Strategies as Results Spur Doubts

  The banks’ have not done much to assuage concerns about businesses that have been under the spotlight over the past year.

• More India Bank Mergers Can Spur Efficiency, RBI Researchers Say

  Mergers and bailouts have become a key policy tool in India, as lenders try to clean up bad loans after credit spree went sour.

• Bank CEOs Grilled by Congress as Blankfein Quips From Afar

  Shares of all seven companies represented at the hearing climbed, adding about $6 billion to their total market value.

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  Congress To Give Three-Year Blanket Pass To New Businesses; Abolish Angel Tax: Rahul Gandhi

  Rahul Gandhi said promoting domestic industry will be a priority for the Congress.

• Sweden Seen Likely to Force Banks to Handle Cash Transactions

  Sweden might enact proposed legislation that had been roundly criticized by the banking industry and called potentially illegal.