Page 791 - Finance News

India has a $210 bn bad debt problem and offshore investors smell a chance

Foreign investors see the fledgling market as big opportunity

RBI to defer putting lending, expansion curbs on PNB till Q1 results

Andhra Bank, Punjab and Sind Bank, and Canara Bank, too, are likely to make a similar presentation before the regulator

RBI criticises PSBs for poor implementation of 'Lead Bank' scheme

The Lead Bank scheme was started for providing adequate banking and credit in rural areas through an 'area approach'.

SBI to modify rules to ramp up investments in startups with Rs 500 mn fund

SBI has a board-approved policy to support the fintech sector

Karnataka Bank to keep its gross NPA level below 5% after provisoning

The private lender expects to have at least Rs 3 trillion of total business by 2020

PSB losses eat up Centre's $13 billion infusion in FY18: Fitch Ratings

Fitch accounts these losses to the acceleration of bad loan recognition, with the introduction of non-performing loans framework

SBI raises lending rates by 10 bps, followed by PNB, ICICI Bank, HDFC

SBI's one-year MCLR, which most loans are based on, is now 8.25%

Bond market awaits signals to go dovish

The 10-year yields closed at 7.85 per cent on Friday. It is a rather sharp move up from the 6.5 per cent level in August, when the Reserve Bank of India (RBI) cut its policy repo rate.

World's fastest GDP growth rate sets stage for an interest rate hike by RBI

The RBI expects growth to hit 7.4 percent in the year to March 2019 amid improved demand, broadly in line with the market consensus

Bank strike: More participate on last day, services hit all over India

The unions have opposed the Indian Banks' Association's offer of a 2% pay hike

RBI withdraws rule exceptions for NBFCs owned by govt

The decision will ensure both types of NBFCs stand on an equal footing on compliance with specific RBI rules

Bank strike Day 2: Operations hit, Unions blame Indian Banks Association

The United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, called for a two-day strike that started on Wednesday

Bank strike: Digital operations, delayed salaries to give some pain ahead

Various rounds of wage negotiations between banks and unions have failed to make headway

ICICI Bank to probe role of CEO Kochhar following whistle-blower complaint

Enquiry headed by independent person to examine allegations of conflict of interest after whistle-blower complaint

State Bank of India raises term deposit rates by 25 bps

Those with a tenor of two to less than three years have been raised by five bps to 6.65%

RBI's revised framework on stressed assets resolution hits IOB bottom line

Following the revised framework, bank has made a provision of Rs 7.99 bn towards specific restructured accounts

Bank strike impacts clearance of instruments worth Rs 217 bn a day: union

85,000 branches shut operations on Wednesday; 3.9 million instruments remain unprocessed

IOB says bottomline for Q4 hit by RBI's revised insolvency framework

The total slippage for the quarter ended March 2018 stood at Rs 98.68 billion

37 banks see Rs 1.3 trillion jump in gross non-performing assets in Q4

The RBI has been critical of banks for using restructuring schemes to hide the stress

At 18%, Indian customers biggest victims of banking fraud: FIS study

One of every four people in the 27-37-year age group, the most prolific in using digital banking apps, reported a fraud in the past year