The state-owned banks account for a dominant share (around 90 per cent) of impaired loan stock and have cumulatively written-off nearly 30 billion dollars in bad loans over the past three years
The quarter gone by saw mixed results in terms of asset quality. Among key private players, only ICICI Bank and Axis Bank reported a fall in gross non-performing assets on a YoY basis
Review covers 37 SCBs (18 public sector banks and 19 private sector banks) and the figures are as on November 14
While the NBFC sector continues to face the heat, corporate banks seem to be on track to recovery
Fund managers expect well-managed banks to grab higher market share
The RBI statement came on a day when the Nifty Bank index tanked by 1.30 per cent in intra-day trade amid a barrage of negative news from the sector
Says sentiment driving lower passenger vehicle sales, says Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman continues her interactions with lenders, seeking to improve liquidity in financial system.
Finance Minister Nirmala Sitharaman is expected to hold a press conference at around 7 pm today
The cost per employee is the highest in large public sector banks
To align the current regulatory framework with global best practices, the RBI said, it will also issue the draft guidelines on corporate governance at banks
The new circular also provides for 75% consent by value for a resolution plan to be passed
With additional challenges such as fresh stress, loan growth, and escalating costs, the sector faces a tough year ahead
Transmission of interest rates, sectoral concerns to figure in talks end-July
ICICI Bank is understood to have cut its fixed deposit rates by 0.10-0.25 per cent starting from Monday
HDFC Bank added more than four times the number of branches in FY19 compared to the previous year
Penalty on cards if bank underreports bad debt, provisioning
While top private banks didn't disappoint in 2018, regulatory interventions and top management exodus are overhangs
Private banks also saw higher credit growth than their public and foreign counterparts
Bonus paid to top management is approved by the bank's board and sent to the Reserve Bank of India for approval