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The other banks which reported large number of frauds to the apex bank during the period include Axis Bank (189), Bank of Baroda (176) and Citibank (150). (Representational Image)

New tech makes fraud detection hard

Incomplete data and lack of coordination between consortiums of banks in sharing vital data is another major issue while...

27 Nov 2018 12:14 AM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

Business

Banks showing positive signs but fundamentals still weak: report

Valuations of Indian bank USD bonds remain relatively expensive and do not offer much upside from current levels.

9 Nov 2018 10:48 AM IST

$The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)$ Business

Banks seen increasing deposit rates in near term: Icra

Govt under recapitalisation programme will improve ability of PSBs to pursue credit growth in coming months.

30 Jan 2018 4:21 PM IST

The income-tax department had booked Mr Bhandari under the new act, called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (Photo: PTI)

Opinion

More power to banks

However, the government would do well to provide funds predicated on the performance of the banks so that good money...

27 Jan 2018 4:25 AM IST

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

Business

Shares in large Indian state-run banks fall as recapitalisation plan...

Govt pledged to inject nearly USD 14 billion combined into all but one state-run lender by March.

25 Jan 2018 11:32 AM IST

Business

NPAs to rise to Rs 9.5 lakh crore by March-end: report

Growth of ARCs is expected to come down significantly owing to capital constraints.

22 Jan 2018 3:27 PM IST

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

Business

RBI's new NPA norms may undermine bank earnings: Fitch

The new framework's overall focus is on recognising and quickly resolving bad loans.

22 Feb 2018 3:27 PM IST

India has been the worlds fastest growing major economy over the past two years.

Business

India growth has slowed due to structural economic reforms: US

RBI predicts that gross NPLs as a proportion of all loans will increase to 10.8 per cent in first quarter of 2018.

22 Feb 2018 1:46 PM IST

State Bank of India, SBI, chairman Rajnish Kumar has replaced Arundhati Bhattacharya. (Photo: PTI)

Business

Time not ripe for large scale privatisation of PSBs: SBI Chief

Privatisation of public sector banks (PSBs) given the current socio-economic conditions in the country.

19 April 2018 3:32 PM IST

Business

Bad loans in Q4 to rise by Rs 8,000 cr on account of Gitanjali

Gitanjali Gems group have turned bad during the quarter ended March 31.

15 April 2018 1:41 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.

Business

ICICI, Axis troubles highlight governance issues in Indian banks: S&P

Axis Bank's gross non-performing asset ratio of 6 per cent is similar to ICICI Bank's 8 per cent.

12 April 2018 11:52 AM IST

Secretary of Department of Financial Services Rajiv Kumar. (Photo: Twitter)

Business

Govt cleaning up banking sector, says DFS secretary

Banks have also raised more than Rs 10,000 crore so far and will raise more in the coming months from the market.

11 April 2018 9:13 AM IST