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The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Public sector banks recover Rs 1.2 lakh cr from bad loans in 2018-19

Banks recovered close to Rs 55,000 crore from the NCLT resolution, an official said.

25 May 2019 1:12 PM IST

NITI Aayog Vice chairman Arvind Panagariya

Panagariya recommends aggressive privatisation of public sector...

Among the longer-term reforms, Panagariya recommended reform of labour laws.

21 May 2019 11:50 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)

Gross NPAs of banks may reduce to 8 per cent by March 2020: Report

NPA in the banking system had peaked at 11.5 per cent in March 2018 and then declined to 9.3 per cent in March 2019.

25 Jun 2019 4:00 PM IST

Prime Minister Narendra Modi (Representional Image)

Modi readying to sell off weak PSU banks to fund rural homes

India's central bank and the govt is in the midst of cleaning up a banking system saddled with the world's worst NPA...

18 Jun 2019 3:28 PM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

FinMin assessing capital needs of PSBs; Budget may make provision for...

The government made record capital infusion of Rs 1,06,000 crore in the public sector banks last fiscal.

17 Jun 2019 11:17 AM IST

Reserve Bank of India (RBI)

RBI data on bank frauds on basis of reporting year, not occurrence...

RBI in an RTI reply had disclosed that over 6,800 cases of bank fraud involving an unprecedented Rs 71,500 crore were...

5 Jun 2019 9:27 AM IST

Currency experts have a bullish outlook for the rupee this week.

PSBs' bad loans have declined by over Rs 89,000 crore till March: Govt

Over the last 4 financial years, PSBs were recapitalised to the extent of Rs 3.12 lakh cr, with an infusion of Rs 2.46...

26 July 2019 10:13 AM IST

Shaktikanta Das

Shaktikanta Das meets PSB heads, reiterates call for faster...

At the June policy announcement, Das had said banks had passed on only 21 bps of the 50 bps rate cuts.

20 July 2019 10:54 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)

Banks bad loans down at Rs 9.34 lakh crore at FY19-end: Sitharaman

Govt has instituted a comprehensive 4R's strategy for recognition of non-performing assets (NPAs) transparently.

16 July 2019 4:08 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Budget2019: Sitharaman earmarks Rs 70,000 crore for public sector...

Public sector banks will use technology for enabling the customer of one PSB to access service across all PSBs as well.

5 July 2019 1:12 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Economic Survey: Banking sector performance improved due to fall in...

The performance of the banking system has improved as non-performing asset (NPA) ratios declined and credit growth...

4 July 2019 1:06 PM IST

The Indian rupee is totally correlated to the crude prices and as long as the crude remains above $70, the rupee will hold weak.

Wilful defaults in India cross USD 21 billion in 2018-19

As per data from RBI, gross loans and advances in state-run banks came in at 638.2 bn rupees, as of March 31, 2019.

3 July 2019 9:37 AM IST