SBI says bankruptcy code can't solve all problems for banks

Last Updated: Monday, August 31, 2015, 22:19

State Bank of India (SBI) Monday raised questions over the bankruptcy code being readied by the government, citing past experiences, while stressing on the need for a change in the overall 'ecosystem' to tide over the problem of bad loans.

RBI says SBI, ICICI Bank systemically important banks

Last Updated: Monday, August 31, 2015, 21:22

RBI Monday identified state-owned SBI and private sector ICICI Bank as systemically important banks and subjected them to higher levels of supervision to prevent disruption to financial services in event of any failure.

RBI official asks banks not to use govt capital to clean books

Last Updated: Monday, August 31, 2015, 19:04

A senior Reserve Bank official Wednesday said state-run lenders should use the capital received from the government to grow their credit books rather than clear their large pile of bad assets.

Black money: Swiss banks ask Indians to utilise 'compliance window'

Last Updated: Sunday, August 30, 2015, 18:04

Spooked by the new black money law, a number of Swiss and other European banks have begun asking Indian clients to disclose their accounts to the tax authorities back home as they fear being accused of 'abetting' the hoarding of untaxed assets.

Payments banks Rs 14 lakh cr bonanza for infra sector

Last Updated: Sunday, August 30, 2015, 11:38

Payments banks can annually free up a whopping Rs 14 trillion in incremental credit for the fund-starved infrastructure sector, says a SBI Research report.

China removes 75% cap on loan-to-deposit ratio

Last Updated: Saturday, August 29, 2015, 20:23

Facing economic downturn, China today removed 75 percent loan-to-deposit ratio stipulation for its commercial banks to improve liquidity and imposed USD 2.5 trillion as ceiling for local governments to control the spiralling debt.

Bank credit decelerates to 8.6% in Apr-Jun quarter

Last Updated: Friday, August 28, 2015, 22:25

Scheduled commercial banks' credit growth slowed to 8.6 percent in quarter ended June against the 12.9 percent in the same period last year, the RBI data showed.

Money markets to remain open on all Saturdays: RBI

Last Updated: Friday, August 28, 2015, 19:22

With government declaring the second and fourth Saturdays as public holiday for banks from September 1, RBI on Friday said that all money market segments will continue to remain open on all Saturdays.

UBI looks to bring down gross NPA below Rs 6,000 cr

Last Updated: Friday, August 28, 2015, 17:33

The gross NPA level in percentage terms was around 9.5 percent.

RBI extends deadline for banks to issue chip, PIN-based cards

Last Updated: Thursday, August 27, 2015, 23:08

The Reserve Bank on Thursday said it has extended the deadline for banks to issue chip-based and PIN enabled debit and credit cards.

RBI withdraws banks' 25% compensation for detecting fake notes

Last Updated: Thursday, August 27, 2015, 22:58

The Reserve Bank on Thursday said it has withdrawn the instructions on compensation to banks at 25 per cent of the notional value of counterfeit notes detected.

Rajan sets inflation fight, bank books clean-up as priorities

Last Updated: Thursday, August 27, 2015, 19:19

Reserve Bank Governor Raghuram Rajan on Thursday said the central bank will continue its focus on taming inflation, speeding up resolution of distressed projects and ensuring enough capital for banks through balance sheet clean-up.