Banking Sector

New CEO To Be Appointed Within RBI Deadline Of February 1: Yes Bank

Business | NDTV Profit Team | Thursday December 13, 2018

The final recommendation for the CEO post will be submitted to the Reserve Bank of India (RBI) after the next board meeting on January 9, 2019, Yes Bank said.

RBI Governor Shaktikanta Das To Meet Chiefs Of State-Run Banks On Thursday

Business | Thomson Reuters | Thursday December 13, 2018

RBI Governor Shaktikanta Das's more communicative approach is in contrast to his more reticent predecessor, Urjit Patel, who resigned on Monday following a drawn out public dispute with the government.

Kotak Bank Moves Court "To Protect Interest" On Issue Of Preference Shares

Business | Thomson Reuters | Monday December 10, 2018

Kotak Mahindra Bank Ltd said on Monday that it had challenged in court the central bank's decision to not allow its promoter to issue preference shares to reduce stake in the private-sector lender.

Prannoy Roy, Arvind Subramanian On Banking, Farmer Crises: Highlights

India News | Edited by Divyanshu Dutta Roy | Saturday December 8, 2018

Former Chief Economic Advisor Arvind Subramanian speaks to NDTV's Prannoy Roy on a range of issues in front of the Indian economy today. From the bad debt crisis in the banking sector to the growing agrarian distress, the Dr Subramanian weighs in on the good, bad and ugly of Asia's third-largest economy.

Arvind Subramanian Calls For A "Grand Bargain" To Fix Bad Loans Crisis

Business | Indo-Asian News Service | Monday December 3, 2018

"Fundamental reform of the PSBs (public sector banks) is facilitated by allowing majority private-sector participation in the PSBs," Mr Subramanian says.

Bankers To Go On Strike On December 26 To Oppose The Big Bank Merger

Business | Indo-Asian News Service | Saturday December 1, 2018

In a statement, the AIBEA said the unions in the banking sector were opposed to the merger of three banks.

No Liquidity Crisis In Shadow Banking Sector: SBI Chairman Rajnish Kumar

Business | Indo-Asian News Service | Thursday November 15, 2018

Nabard Chairman Harsh Kumar Bhanwala said the liquidity crisis may be an issue with some specific NBFCs.

Shadow Banking Crisis Starting To Hit Consumer Spending: Report

Business | Anirban Nag and Aashika Suresh, Bloomberg | Thursday November 15, 2018

NBFCs have become increasingly important in supporting consumer spending as the nation's formal banking sector is weighed down by bad loans.

RBI To Help Shadow Banks Refinance Debt

Business | Thomson Reuters | Friday November 2, 2018

Panic over potential debt defaults in the shadow banking sector have caused corporate bond yields of NBFCs to rise by more than 80 basis points since September. The resulting liquidity crunch has added to a rift between the RBI and the government.

Explainer: Why PM Modi Wants To Increase Control Over The RBI

Business | Thomson Reuters | Friday November 2, 2018

The RBI is not statutorily independent, as the governor is appointed by the government, but it has enjoyed broad autonomy in regulating the banking sector.

Centre Fears Funding Deficit Of Rs 1 Lakh Crore In Shadow Banking Sector: Report

Business | Thomson Reuters | Friday November 2, 2018

Last month, the government took control of IL&FS to protect the financial system and markets from potential collapse, and replaced its board.

Banks Returning To Profit, "On Top" Of Bad Loans Problem: SBI Chairman

Business | Press Trust of India | Monday October 29, 2018

Insolvency and Bankruptcy Code has come as a "very good tool" in the hands of banks and financial creditors, State Bank of India (SBI) chairman Rajnish Kumar added.

Shadow Banking Crisis May Delay Recovery For Real Estate. Here's Why

Business | Press Trust of India | Wednesday October 24, 2018

As per Anarock data, more than 5.75 lakh residential units are running behind schedule across the top 7 cities since their launch in 2013 or before.

Veteran Fund Manager Mark Mobius Looks To Bet On India's Troubled Shadow Banks

Business | Thomson Reuters | Tuesday October 23, 2018

Mark Mobius' bet comes at a time when investors have been selling holdings in non-banking finance companies (NBFCs) after a series of defaults by the country's leading infrastructure finance company in September triggered contagion fears and prompted the government to step in and take control of the company.

150 Students Shortlisted In IGNOU Campus Placement Drive

Education | NDTV Education Team | Wednesday October 10, 2018

In this drive 150 students have been shortlisted / selected for the position of Business Development Executive (BDE) in Banking Sector by the participating company.