Page 727 - Finance News

Lowering capital buffer detrimental to banks, economy: RBI report

The current levels of provisions maintained by banks may not be enough to cover expected losses, the report said

Number of ATMs declined marginally to 200,070 in FY18: RBI report

However, private sector banks installed more ATMs taking their total number to 60,145 in FY18, up from 58,833 in the previous fiscal year, the report said

Is government dissatisfied with RBI's functioning? No, says Jaitley

The government and the RBI under the previous Governor Urjit Patel were at loggerheads on several issues, including over appropriate size of reserves which the central bank should hold

NPAs of public sector banks decline by over Rs 230 bn in March 2018: FinMin

Public sector banks have also made a record in the recovery of Rs 607.26 billion in the first half of the current financial year

All 11 banks under PCA show lower NPA growth in FY18, reports RBI

The PCA banks have also shown lower growth in GNPAs, relative to non-PCA state-run lenders

Gross NPAs of banks increase to 11.2% at Rs 10.39 trn in FY18: RBI report

Share of public sector banks stood at Rs 8.95 trillion, or at 14.6%

Banks may take more than $3 billion hit from PNB fraud case: I-T Dept

The bank said these fraudulent transactions had taken place over a number of years and amounted to $1.77 billion

RBI relaxes withdrawal limit for depositors of City Co-op Bank to Rs 5,000

The RBI had, in April, imposed several restrictions on City Cooperative Bank, including limiting the withdrawal by depositors to Rs 1,000

7 PSBs may get Rs 286 billion through recapitalisation bonds by Dec-end

All banks, except Syndicate Bank, which are expected to receive capital infusion under RBI's PCA are facing certain lending restrictions

PSUs' contribution to central exchequer fell 3% to Rs 3.5 trillion in FY18

In 2016-17, CPSEs' contribution to the exchequer stood at Rs 36 trillion

United Bank of India gets Rs 21.59 bn as part of govt capital infusion plan

Earlier this month, Finance Minister Arun Jaitley said the government would put an additional Rs 410 billion in PSBs over and above what was announced earlier

ED files charge sheet against Vadodara-based DPIL in Rs 26-bn bank fraud

The central probe agency had filed a criminal case against the firm and its promoters under the PMLA after taking cognisance of a CBI FIR

Bank strike: The management-employee chasm at PSBs has never been wider

PSBs need to get over the vexed issue of wage negotiation, and collectively work to promote an institutional environment

Bimal Jalan-led six-member panel to decide on RBI reserves transfer

Former deputy governor Rakesh Mohan will be vice-chairman of the six-member committee

CVC examining audit reports of PSBs, insurance companies to check fraud

A total of 8,802 frauds have been reported by scheduled commercial banks and public sector banks in 2017-18 as against 7,794 in 2016-17 and 7,482 in 2015-16

Reserve Bank launches survey to capture retail payment habits in 6 cities

The findings may provide some idea about awareness and usage habits of digital payment products

BoB shareholders to meet next month to consider capital raise under ESPS

The bank said the issue price under ESPS has to be decided by the board and it will be in a way so that the government holding does not come below 52%

Year of reckoning: IDFC First Bank has a retail edge with V Vaidyanathan

V Vaidyanathan is a retail veteran having been retail head at ICICI Bank

Year of reckoning for India Inc: Chanda Kochhar saga is still far from over

ICICI Bank's then MD & CEO Chanda Kochhar abruptly sought early retirement

Year of reckoning for India Inc: YES Bank saw 4 board-level exits in 2018

There is still no clarity on the timeline for peace between the two groups