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How RBI, banks will tackle Rs 6 lakh crore NPAs

Amendments will give RBI powers to directly interven in the issue and instruct banks for speedy redressal.

04 May 2017 4:53 PM

Rs 500, Rs 2000 notes were in stock before DeMo: RBI

Urjit Patel says no records of talks between RBI and govt on note ban were maintained because of secrecy.

27 Apr 2017 6:59 PM

Fadnavis asks banks to restart lending defaulting farmers

CM says many farmers have gone out of banking system after being unable to service their loans from banks.

26 Apr 2017 11:47 AM

RBI asks banks to closely monitor loans to telecom sector

Telecom sector has a debt of about Rs 4.6 lakh crore even as it is faces pressure on revenues.

19 Apr 2017 9:26 AM

Credit growth plunges to over 60 year low at 5 per cent in FY17

Icra has projected gross NPAs to increase to Rs 7.5-7.7 trillion or 9.7-10 per cent for March 2017.

16 Apr 2017 12:18 PM

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Govt may waive bank guarantees for mobile component imports

Bank guarantees of as much as Rs 29,000 crore have been furnished by companies.

14 Apr 2017 6:27 PM

Banks provide Rs 1.80 lakh cr under Mudra; exceed FY17 target

Of this amount, Rs 1,23,000 crore was lent by banks while non-banking institutions lent about Rs 57,000 crore.

14 Apr 2017 12:07 PM

Bank accounts face suspension: What FATCA rules say

Foreign Accounts Tax Compliance Act enables automatic sharing of investor information between signatory parties.

12 Apr 2017 1:06 PM

Banks can obtain PAN from a/c holders till June 30

Tax department says rule 114B lists various transactions for which quoting PAN is mandatory.

07 Apr 2017 2:57 PM

RBI may not supply new Rs 200 notes through ATMs

RBI does not want to take to tedious task of recalibrating some 2,20,000 ATMs across country, report says.

07 Apr 2017 12:50 PM

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Urjit Patel says still more scope for banks to cut lending rates

Lack of transmission has been one of the dominant worries expressed by RBI during the past two years

06 Apr 2017 7:50 PM

Fin Min calls banks to discuss new facility to drain cash

Standing Deposit Facility aims to drain surplus cash at a rate lower than repo rate without need for any collateral.

23 Mar 2017 12:48 PM

Banks ask customers to complete transactions today

IBA says banks will be closed for three days, tomorrow, on March 12 and for Holi on March 13.

10 Mar 2017 2:13 PM

Ready for one-time settlement with banks: Mallya

Now-defunct Kingfisher Airlines owes more than Rs 9,000 crore to various banks.

10 Mar 2017 12:46 PM

Arun Jaitley chairs high-level meet on bank NPAs

As on Sept 30, 2016, gross NPAs of public sector banks rose to Rs 6.3 lakh crore.

09 Mar 2017 2:15 PM

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Ensure mobile banking for all customers: Govt to banks

IT Secretary Aruna Sundarajanis says move part of govt's efforts to boost digital payment system.

01 Mar 2017 6:32 PM

How govt is trying to tackle $133 billion bad loans

RBI deupty governor moots 'bad bank'-type institutions to deal with $133 bn in stressed assets of banks.

01 Mar 2017 11:43 AM

NPCI expects banks would join BHIM by Feb-end

BHIM enables simple, easy and quick payment transactions using Unified Payments Interface.

07 Feb 2017 6:01 PM

Rs 12.4 lakh cr exchanged, deposited till Dec 10: Jaitley

Apart from that govt detected undisclosed income worth Rs 5,400 crore as on January 10.

07 Feb 2017 4:53 PM

Bankers lap up a 'balanced' Union Budget 2017

Chanda Kochhar of ICICI Bank said Arun Jaitley has tried to provide a growth impetus while maintaining fiscal prudence.

01 Feb 2017 7:35 PM

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