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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

Provision against bad loans to remain elevated in FY'19: ICICI Bank

The bank made a provision of Rs 17,307 crore against bad loans in 2017-18 as against Rs 15,208 crore.

31 July 2018 4:13 PM IST

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

Business

RBI lists 240 new accounts for NPA tag

List of NPAs could be released in September quarter because a new bunch of NPAs are being reported.

31 July 2018 8:58 AM IST

In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

Business

ICICI Bank under lens in United Sates

Bank has appointed Justice BN Srikrishna, a retired Supreme Court judge, to head an independent enquiry.

27 July 2018 8:49 AM IST

Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asias third-biggest economy.

Business

Over 20 Indian banks sign pact for faster bad-loan resolution

Top lender State Bank of India was among banks which signed the agreement.

24 July 2018 9:10 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

Rs 11,336 crore to be infused in 5 PSU banks

Out of Rs 1.35 lakh crore, the govt already infused about Rs 71,000 crore through recap bonds in banks.

18 July 2018 9:05 AM IST

The industrial sector contributed over 15 per cent to the NPAs followed by agriculture and services in the region of six per cent and retail loans which were the lowest at 2.3 per cent.

Business

Banks fear Mudra loans sans collateral may become NPAs

The government has already disbursed around Rs 5,54,703 till date to almost 12 crore consumers.

12 July 2018 9:03 AM IST

Chief Economic Advisor Arvind Subramanian

Business

Arvind Subramanian to brief par panel on mounting NPAs today

Banking sector is grappling with rising NPAs, which touched Rs 8.99 lakh cr of total advances at Dec-end 2017.

11 July 2018 10:10 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.

Business

PNB's big wilful defaulters' dues fall to Rs 15,354 crore in June

The total bad loan write-off by the public sector banks stood at over Rs 1.20 lakh crore in the last fiscal.

9 July 2018 10:15 AM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

Business

PNB invites bids to sell 3 NPA accounts to recover over Rs 136 cr

The process of e-bidding for the sale of these accounts will happen on July 7, 2018.

6 July 2018 2:34 PM IST

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

Business

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

ICICI Bank spokesperson said it has installed state-of-the-art note sorting machines that check the quality of millions of notes every day.

Business

ICICI Bank rises 2 per cent after Q2 results

The ICICI Bank scrip rose 1.95 per cent to Rs 478.60 -- its 52-week high -- on the BSE.

29 Oct 2019 2:04 PM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

Business

SBI posts six-fold rise in Q2 profit at Rs 3,375 crore

The bank's net profit was Rs 576.46 crore in the July-September period of the previous fiscal.

25 Oct 2019 4:14 PM IST