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Banks received 3 trillion rupees ($44.4 billion) of 500- and 1,000-rupee notes over the last four days.

Banks to get Rs 70,000 crore more, system to bulge by Rs 5 lakh crore

The move is expected to generate an additional lending and liquidity in the financial system to the tune of Rs 5 lakh...

24 Aug 2019 1:42 AM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI Bank Q1 net loss widens to Rs 3,800 crore

Provisions during the quarter increased 20.93 per cent to Rs 6,332.05 crore as against Rs 5,235.96 crore in the year-ago...

15 Aug 2019 1:43 AM IST

Global rating agency Fitch on Monday slashed its GDP forecast for India for FY18 saying growth has repeatedly disappointed in recent quarters.

Risks in sector may rise when banks lend more to NBFCs: Fitch

It said that if banks direct more funds to the sector, mostly the strongest NBFCs are likely to be benefited.

15 Aug 2019 1:35 AM IST

Provisioning on IL&FS account and claims from agri-insurance has hit the earnings of state owned General Insurance Corporation of India (GIC Re) that reported 86 per cent drop in year on year net profit for the quarter ended June 30, 2019 to Rs 109 crore.

IL&FS provisions hit GIC Re profit

The net profit was Rs 771.42 crore in the same period of last year. GIC Re is the country's largest reinsurer.

15 Aug 2019 1:29 AM IST

FIIs head home whenever the Fed raises interest rates and this affects the rupee.

Re plunges 62 paise, may weaken more

According to reports, the government is also mulling whether it should go ahead with sovereign foreign bond.

14 Aug 2019 1:30 AM IST

In the corporate segment, new companies are getting added to the stressed portfolio.

Earnings: Banks report rise in slippages in Q1

After sustained improvement over FY19, the country's largest lender, State Bank of India, disappointed on asset quality...

12 Aug 2019 1:06 AM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Banks cut rates, to roll out repo-linked loans

Bank of India said that it has cut the one-year MCLR where more than 80 per cent of its loan book sits by 25 bps,...

10 Aug 2019 1:24 AM IST

Shaktikanta Das

RBI cuts rate 0.35 per cent, EMIs set to fall

The 35 basis points (bps) cut in the repo rate is unusual, as the RBI has been changing the interest rate by 25 or 50...

8 Aug 2019 2:04 AM IST

Economic Affairs Secretary Shaktikanta Das

RBI cuts rate 0.35 per cent, EMIs set to fall

The RBI itself has reduced its growth estimate down to 6.9 per cent for FY20, from the seven per cent it had projected...

8 Aug 2019 1:59 AM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Yes Bank ratings under review again

The private sector lender plans to raise about $1.2 billion, at least part of which is likely by the end of the second...

6 Aug 2019 2:42 AM IST

Banking on success

Anshula Kant has also been instrumental in cleaning the balance sheet of SBI which had a high proportion of bad loans as...

4 Aug 2019 12:01 AM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI posts Rs 2,312 crore profit, but slippages rise

The lender had reported a net loss of Rs 4,876 crore during Q1FY19.

3 Aug 2019 1:18 AM IST