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While corporate private banks earnings have been impacted by the one-time deferred tax asset (DTA) write-downs, the retail-focussed banks reported better profitability. In contrast, most public sector banks continued with the 35 per cent corporate tax regime, and therefore, no adjustments were requi-red in DTA.

Private banks stay in profit, PSBs return to losses

The GNPA of private banks grew from Rs 185,027 crore during Q2FY19 to Rs 191,191 crore in Q2FY20 i.e. by 3.3 per cent.

20 Nov 2019 3:36 AM IST

Finance minister Nirmala Sitharaman

Call to exempt banks from deposit cover

The claims settled so far since 1962 is only Rs 5,120 crore and that too for the co-operative banks added...

19 Nov 2019 3:48 AM IST

Essar SteelBanks had moved the Supreme Court earlier this year after an appellate court judgment put the claims of Essars operational creditors on par with those of its lenders.

Major recovery for SBI, ICICI from Essar verdict

Secured financial creditors will recover 92 per cent of their exposure of Rs 42,000 crore to Essar Steel.

19 Nov 2019 3:37 AM IST

According to forex experts, the rupee would continue to remain weak on global and domestic concerns.

Rupee tumbles 62 paise, could remain weak

The numbers highlighted the persistent structural slowdown in the economy and firmed expectation of further monetary...

14 Nov 2019 4:23 AM IST

SFBs have made good progress on deposit mobilisation with deposits accounting for 63% of borrowings.

SFBs would need nearly Rs 3,900crore till FY22: ICRA

SFBs have made good progress on deposit mobilisation.

12 Nov 2019 2:39 AM IST

The new limits are against the customers and could also impact the livelihood of around 12,000 surveyors.

Surveyors oppose hike in limit for self-assessment

The new limits are against the customers and could also impact the livelihood of around 12,000 surveyors.

11 Nov 2019 2:37 AM IST

In order to enhance the scope of services offered under wellness and preventive features/benefits of health insurance products, the insurance regulator-The Insurance Regulatory and Development Authority of India (Irdai) on Thursday released an exposure draft on guidelines on wellness and preventive features.

Health insurers may offer you fitness goodies

Insurers will not be allowed to promote products or services of any particular third party service provider.

9 Nov 2019 3:42 AM IST

The Reserve Bank of India (RBI) has mandated banks not to charge savings account holders for NEFT with effect from January 2020.

No NEFT charges from January

The RBI this year had done away with charges on NEFT and RTGS transactions and asked banks to pass on the benefit to...

9 Nov 2019 3:39 AM IST

Solvency ratio is a key metric used to determine the ability of an insurer to meet its debt, pay claims and honour other financial commitments.

Reliance Health barred from selling policies

Solvency ratio dips to 63% against norm of 150%.

8 Nov 2019 6:26 AM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC Bank: Withdrawal limit raised to Rs 50,000

The RBI has also allowed PMC Bank account holders to withdraw money from the bank's own ATMs within the prescribed limit...

6 Nov 2019 1:25 AM IST

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

LIC plans to scrap many key schemes from December 1

LIC's insurance agents are pushing the existing products hard, asking customers to buy them before they close on...

4 Nov 2019 1:49 AM IST

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

LIC to withdraw many products from November 30

Among the retail products that would be closed are some of LIC's best sellers such as Jeevan Anand, Jeevan Umang, Jeevan...

4 Nov 2019 1:03 AM IST