Banking Sector

Banks May Have To Allot Rs 40,000 Crore More For Bad Debt: India Ratings

Business | Thomson Reuters | Tuesday February 5, 2019

The banking sector has been under massive stress in the last few years as lenders have struggled with about $150 billion of bad loans.

Piyush Goyal To meet Heads Of Public Sector Banks Ahead Of Budget

India News | Indo-Asian News Service | Sunday January 27, 2019

Interim Finance Minister Piyush Goyal has called the heads of all public sector banks for a meeting on Monday when he is expected to take stock of banking sector's performance and discuss ways to improve their financial health.

RBI Cautions Government Over Spike In Bad Loans Under Mudra Scheme: Report

Business | Indo-Asian News Service | Sunday January 13, 2019

The RBI has said that the spike in NPAs under the Pradhan Mantri Mudra scheme has taken the bad loans to Rs 11,000 crore. The Mudra scheme was launched on April 8, 2015. Under the scheme, banks are required to finance micro and small entrepreneurs for up to Rs 10 lakh.

Banking Operations Partially Hit Due To Trade Union Strike

Business | Press Trust of India | Tuesday January 8, 2019

However, the operations in State Bank of India (SBI) and private sector banks remained unaffected, as other seven unions in the banking sector are not part of the strike.

Dena Bank, Vijaya Bank Shares Fall After Announcement Of Swap Ratios For Merger

Business | Thomson Reuters | Thursday January 3, 2019

Under the merger plan, Bank of Baroda said it would issue 110 shares of Rs 2 each for every 1,000 shares of Dena Bank worth Rs 10 each, while Vijaya Bank shareholders would get 402 Bank of Baroda shares of Rs 2 each for every 1,000 shares of Rs 10 each. Last year, the government revealed plans to merge state-run Dena Bank, Vijaya Bank and Bank of B...

Cabinet Clears Vijaya Bank, Dena Bank, Bank Of Baroda Merger: 10 Points

Business | NDTV Profit Team | Wednesday January 2, 2019

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday 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. The merged entity will become the third largest bank in the country, after government-owned State Bank of India and private sector lende...

Banking Sector On "Course To Recovery" As Bad Loans Fall: RBI Governor Shaktikanta Das

Business | Press Trust of India | Monday December 31, 2018

According to RBI's report, gross NPAs ratio declined to 10.8 per cent in September 2018 from 11.5 per cent in March 2018.

Public Sector Banks On Strike Today, Services Affected

India News | Press Trust of India | Wednesday December 26, 2018

Operations at public sector banks across the country were impacted today due to a strike called by unions against the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda.

Government Seeks To Infuse Additional Rs 41,000 Crore In State-Run Banks

Business | NDTV Profit Team | Thursday December 20, 2018

The funds will enhance the government's existing bank recapitalisation outlay from Rs 65,000 crore to Rs 1.06 lakh crore in the current financial year.

Capital Infusion In State-Run Banks To Be Raised To Over Rs 1 Lakh Crore In 2018-19: Report

Business | Thomson Reuters | Thursday December 20, 2018

In 2017, the government had announced a plan for an infusion of Rs 2.11 lakh crore ($30.06 billion) in 20 state banks by March 2019 to meet global regulatory requirements.

Standard Chartered Lays Off Over 200 Employees In India Unit: Report

Business | Thomson Reuters | Friday December 14, 2018

Standard Chartered Plc has laid off over 200 employees in India in its retail banking division, as more customers move to digital services, states Reuters report.

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.