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The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

Axis Bank Q1 profit slips 46 per cent to Rs 701 crore

In absolute terms, gross NPAs rose at Rs 32,662.40 crore as on June 30, 2018 compared to Rs 22,030.87 crore a year...

30 July 2018 7:19 PM IST

Shares of Bank of Baroda was trading 0.25 per cent up at Rs 138.95 on BSE.

Bank of Baroda net profit up over two-times at Rs 528 crore

The bank had reported a net profit of Rs 203.39 crore in the same quarter of 2017-18.

28 July 2018 2:15 PM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

ICICI Bank posts first ever loss since listing in 2001 on bad loans

Gross bad loans as a percentage of total loans was 8.81 per cent.

28 July 2018 1:52 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI has broad powers to address banking issues'

Powers of RBI are wide-ranging and comprehensive to deal with various situations that may emerge in all banks.

25 July 2018 8:46 AM IST

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Fund infusion may not help much, say bankers

Centre infused Rs 1.29 lakh crore as capital into the banking system.

20 July 2018 9:19 AM IST

IT officials raid at Kotak Mahindra Bank at K G Marg in New Delhi. (Photo: PTI)

Kotak Mahindra Bank Q1 net profit up 12 per cent to Rs 1,025 crore

The bank's net profit stood at Rs 912.73 crore in the corresponding period of 2017-18.

19 July 2018 2:39 PM IST

Finance ministry said that the domestic investment of the private sector continued to be affected by the growing contamination of loans advanced in the past, which have now become unsustainable.

Finance ministry likely to infuse about Rs 10,000 cr in PSU banks

The sources said that capital infusion may take place this week itself or latest by next week.

17 July 2018 3:16 PM IST

A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

PNB's NPA recovery in first quarter tops FY 2018 level

The Insolvency and Bankruptcy Code (IBC) resolution process has greatly helped Punjab National Bank.

15 July 2018 3:48 PM IST

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

Banks finalise inter-creditor agreement to resolve NPAs

Inter-creditor agreement will be a legal document and enforceable in any court of law.

6 July 2018 10:38 AM IST

A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

PNB to shutter most operations at fraud-hit Mumbai branch, say sources

India's second-largest state lender seeks to tighten controls and restore its reputation.

3 July 2018 5:48 PM IST

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

India bankers panel suggests steps to tackle bad loans

The bad loans problem, driven largely by infrastructure sectors including power.

3 July 2018 9:16 AM IST

Union Power Minister Piyush Goyal (Photo: PTI)

Govt unveils plan on bad loans that protects jobs

Finance minister Piyush Goyal said that the plan focuses on turning around assets in a manner that will not lead to job...

3 July 2018 6:21 AM IST