Banks | The Asian Age

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Under the new rules, banks will have to file for insolvency proceedings against loan defaulters with Rs 2,000 crore (USD 311 million) or more if a resolution plan is not implemented within 180 days of the initial occurrence of default. (Photo: PTI)

RBI sets 180-day timeline for banks to settle bad loans

In 2017, the RBI ordered banks to force roughly 40 of the biggest corporate loan defaulters into bankruptcy proceedings.

13 Feb 2018 8:27 AM

Finance Minister Arun Jaitley at CriSidEx launch. (Photo: PTI)

Jaitley launches CriSidEx, India's 1st sentiment index to help MSEs

Banks are really ready to support the MSME sector and they being major employment generator.

03 Feb 2018 4:01 PM

Amount lost on account of frauds during 2016-17 was Rs 16,789 crore.

Banks lost nearly Rs 17,000 cr to frauds last fiscal: Finance Ministry

RBI has advised banks from time to time to enhance security arrangements at their branches and ATMS.

22 Dec 2017 4:39 PM

Once these accounts pass the resolution deadline, banks will have to refer them to NCLT in next 18 days. (Photo: PTI)

Banks set to refer 23 of 28 large dud accounts to NCLT

Banks will also have to make a provision of 50 per cent on these accounts by March 2018.

13 Dec 2017 1:36 PM

In first half of the year, RBI had tweaked the rules to make it compulsory for lenders to disclose under-reporting of bad assets. (Photo: AFP)

Massive NPA under-reporting: RBI says no ruels changed

Lenders started reporting divergences since this June for having under-reported NPAs in FY16.

06 Dec 2017 4:23 PM

Xiaomi did not immediately respond to a request for comment.

China's Xiaomi seeks bank pitches for 2018 IPO: sources

Xiaomi was valued at $46 billion in a 2014 funding round completed before its sales stagnated.

06 Dec 2017 1:14 PM

Adani hopes to start shipping coal from Carmichael by March 2020 in the first stage of the project, which it bought amid a coal boom in 2010.

China's top two banks won't lend to Adani's Australian coal mine

Adani declined to comment on its financing plans on Monday or the statements from the Chinese banks.

04 Dec 2017 12:12 PM

Using earned money of depositors to bail out a bank amounts to gross interference by the government.

Bail-in will keep people away from banks

The proposed law will directly impact savings in the country and people will adopt old methods of saving their money in pots and almariahs.

03 Dec 2017 2:32 AM

Ordinance aims at putting in place safeguards to prevent unscrupulous persons from misusing or vitiating the provisions of IBC.

New IBC provisions to deepen losses for banks: report

Amendments to insolvency law need to be approved by Parliament in its next session beginning Dec 15.

24 Nov 2017 4:04 PM

The BSE bank index also rose by 1.90 per cent to trade at 29,450.39. (Photo: PTI/File)

Bank stocks surge up to 6 pc as Moody's ups India rating

The broader market also cheered the news as the BSE Sensex jumped 331.72 points to trade at 33,438.54.

17 Nov 2017 12:17 PM

Total assets/liabilities of domestic banks' branches operating abroad stood at USD 224.4 billion against USD 231 billion. (Photo: PTI)

Domestic banks' overseas presence up marginally in FY17: RBI

Domestic banks' branches operating abroad saw rise in fee income to Rs 9,400 cr in 2016-17 from Rs 8,680 cr.

02 Nov 2017 8:35 AM

The udyamimitra portal will help bring in a culture of competitiveness among banks to finance MSME projects.

Banks need to handhold MSMEs to push job creation: Rajiv Kumar

Govt's decision to provide Rs 2.11 lakh cr capital support through various means will support industries and MSMEs.

26 Oct 2017 4:05 PM

Recapitalisation bond if issued by the government could affect its target to reduce central fiscal deficit to 3.2 per cent of GDP this year. (Representational Image)

Recapitalisation plan positive for banks' ratings: Fitch

Govt recently announced to infuse Rs 2.1 trillion in state-run lenders over a two-year period.

26 Oct 2017 11:13 AM

Lower interest reversals on NPAs, pick-up in credit growth, and reduction in funding costs.

Banks need to set aside Rs 3.3 tn as NPA provisioning in FY18

Banks would need to step up on provisioning, mainly for large corporate NPAs.

12 Oct 2017 4:43 PM

Sebi asked listed banks to make disclosures if provisioning and NPAs assessed by the RBI exceeded 15 per cent of published financials.

Loan default: Listed companies get a breather from Sebi

Sebi had asked listed entities to inform exchanges in case it defaulted on payment of interest.

30 Sep 2017 11:48 AM

The MDR on debit cards has been at 1 per cent, while there is no fixed MDR on credit card transactions.

Card payments push may land banks with a Rs 3800 cr annual hole

Net revenue gain per annum from ON-US transactions at PoS would be around Rs 900 crore only.

28 Sep 2017 6:27 PM

Aadhaar issuing body further said it has received commitments for opening of such centres in 15,000 bank branches. (Representational Image)

1,000 bank branches open Aadhaar updation centres on premises

UIDAI gave banks one more month to open Aadhaar enrolment centres in a stipulated 10 per cent of branches.

21 Sep 2017 10:32 AM

Gross NPA ratio touched 9.7 per cent in FY17.

Fitch has negative outlook on banks, raises capital concerns

Banks will need USD 65 billion in additional capital to meet Basel III requirements by March 2019.

14 Sep 2017 6:04 PM

Assets under pressure comprise the not-yet-recognised bad loans, which are recognised as NPAs in one bank.

NPAs to touch 10.5 per cent by March as banks recognise entire stress

The 9.5 per cent NPA figure for March 2017 includes only two-thirds of the overall stressed assets.

14 Sep 2017 3:11 PM

Bank of Baroda is one of largest public sector banks. (Photo: Representational/File)

Banks face $65 bn capital shortage to meet Basel III norms: Fitch

Weak capital positions have a major negative influence on Indian banks' Viability Ratings.

12 Sep 2017 2:52 PM

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Sunil Gatade