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Finance Minister Arun Jaitley

Jaitley to meet PSB chiefs to assess NPA situation

Currently, the PSBs are being faced with toxic loans of Rs 6.06 lakh crore during April-December 2016-17.

12 Jun 2017 11:11 AM IST

Defence Minister Arun Jaitley. (Photo: PTI)

Jaitley to review working of PSU banks, FIs on June 12

Meet assumes significance as it will be first after promulgation of ordinance amending Banking Regulation Act, 1949,...

9 Jun 2017 4:12 PM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (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.

6 Dec 2017 4:23 PM IST

RBI Governor Urjit Patel (Photo: PTI)

Long-gestation projects responsible for high NPAs

RBI governor Urjit Patel says problem of NPAs was earlier also but it is only recently issue was being recognised.

11 Feb 2017 5:53 PM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

SBI's Q3 results beat expectations

This is the first time since Sept. 2015 that SBI has reported a rise in its quarterly numbers suggesting the worst is...

11 Feb 2017 2:15 AM IST

Shares of Indian Bank were trading 9.59 per cent up at Rs 312.50 on BSE.

Indian Bank Q4 Net up over 3-fold on lower bad loan provision

Total income in the reported quarter increased marginally to Rs 4,601.89 crore against Rs 4,522.73 crore.

25 April 2017 5:04 PM IST

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HDFC bank reports Rs 3,990 cr profit in March quarter

Second largest private sector lender posted a net profit of Rs 3,374 crore in Jan-March last year.

21 April 2017 2:15 PM IST

RBI governor Urjit Patel

Banking Ombudsman can now slap Rs 20 lakh fine

Banks could be penalised for mis-selling third-party products like insurance and mutual funds via e-banking.

24 Jun 2017 9:28 AM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

RBI rejigs overseeing committee to monitor restructuring of bad loans

The reconstituted OC will work with an expanded mandate to review the restructuring of stressed assets.

22 Jun 2017 6:10 PM IST

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. 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 IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

RBI move on insolvency proceedings credit positive: Moody's

RBI has also asked banks to also review other NPAs and finalise a resolution plan over the next six months.

19 Jun 2017 6:45 PM IST

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

Loan defaulters: IDBI starts insolvency proceedings against Lanco...

Lanco Infratech is among the 12 firms identified by the central bank with a combined debt of over Rs 1,50,000 crore.

19 Jun 2017 10:39 AM IST