Last Updated: Thursday, May 7, 2015, 22:16
The RBI on Thursday put in place a new framework to check loan frauds including by way of early warning signals at banks and red flagging of accounts, while swindlers will have no access to further banking finance.
Last Updated: Tuesday, April 28, 2015, 18:42
In an effort to help banks facing asset quality woes and to revive investments in the critical infra sector, the government Tuesday discussed 85 large projects entailing Rs 3.51 lakh crore in outstanding bank credit.
Last Updated: Sunday, April 19, 2015, 18:32
The finance ministry has called a meeting of public sector bank chiefs on April 28 for planning implementation of large projects, a release said here on Sunday.
Last Updated: Sunday, March 29, 2015, 11:20
Recently, the banking regulator had lifted all lending restrictions which were imposed in December 2013 as the bank had posted a loss in that quarter owing to high NPA levels.
Last Updated: Saturday, March 21, 2015, 14:09
He said that current discussions doing the rounds in banking circle are on rising levels of stressed assets which needed a careful examination.
Last Updated: Friday, March 13, 2015, 17:51
The Non Performing Assets (NPAs) of the banks in the country stood at Rs 3,00,611 crore as on December 2014, government told Lok Sabha Friday, attributing the increase of NPAs to sluggishness in growth.
Last Updated: Wednesday, March 11, 2015, 22:01
In a boost to banks which are facing rising asset quality issues, the Reserve Bank Wednesday allowed such lenders to reverse the excess provision on sale of bad loans to their profit and loss account provided the transaction took place before February 26, 2014.
Last Updated: Tuesday, March 10, 2015, 00:08
With bad loans continuing to be a problem, ICICI Bank is reportedly planning to re-start a special vertical to handle such assets.
Last Updated: Thursday, March 5, 2015, 18:45
Corporate sector earnings growth would continue to be muted in FY16 and the proposed increase in government expenditure is the only silver lining which could help marginally, according to India Ratings.
Last Updated: Friday, February 20, 2015, 17:54
With the banking sector being thrown open to niche as well as more private players, RBI deputy governor R Gandhi on Friday warned the industry to brace for higher attrition, being already faced by highly unionized public sector lenders.
Last Updated: Friday, February 13, 2015, 12:34
State Bank of India reported Q3 profits of Rs 2,910 crores, compared to Rs. 2,234 a year earlier, marking a rise of 30.3 percent.
Last Updated: Thursday, February 12, 2015, 19:57
State-run Bank of India (BoI) today reported a massive 70 per cent dip in its net profit at Rs 173 crore in the quarter to December, from Rs 586 crore a year ago, driven down by a spike in bad loans and the resultant higher provisioning.
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