RBI sets up panel to review governance of bank boards

Last Updated: Monday, January 20, 2014, 22:45

It will also investigate possible conflicts of interest in board representation, including among owner representatives and regulators.

All India Banks strike postponed: UFBU

Last Updated: Friday, January 17, 2014, 16:03

The proposed two-day all-India strike by bank employees from January 20 was on Friday postponed after "positive" crucial bilateral talks between managements and unions on wage revision and other demands, a top office-bearer of United Forum of Bank Unions (UFBU) said.

RBI to examine proposal for limiting free ATM transactions

Last Updated: Sunday, January 12, 2014, 19:11

The Reserve Bank will consider reducing the number of free ATM withdrawals, as recommended by Indian Banks' Association, in an effort to cut down on cash transactions in the economy.

PSU bank employees to go on 2-day strike from Jan 20

Last Updated: Sunday, January 5, 2014, 16:24

Operations at all the public sector banks and regional rural banks are likely to be affected for two days from January 20 as the United Forum of Banks Unions has given a strike call, demanding wage revision as well as the resolution of certain other issues.

Moody's maintains negative outlook on Indian banks

Last Updated: Monday, November 18, 2013, 15:10

International rating agency Moody's on Monday maintained its negative outlook on the country's banking sector, citing worries over asset quality and overall economic growth prospects.

India pushes to develop money markets under Raghuram Rajan

Last Updated: Monday, November 18, 2013, 12:16

The era of easy money for Indian banks may be coming to an end. Unlimited access to cheap overnight funding from the Reserve Bank of India (RBI) was tightened mid-year as part of measures to support a plunging rupee, and now the central bank is keen to use the restrictions to help it deepen money markets.

Banks' exposure to shadow banking entities up in India, others

Last Updated: Friday, November 15, 2013, 17:58

India is among the nations who have witnessed a marked increase in the exposure of its banks to 'shadow banking' entities, whose asset base globally grew to USD 71 trillion in 2012-end, according to an international body of financial regulators.

S&P sees no end to banks' woes; pegs NPAs at 4.4% by Mar'15

Last Updated: Wednesday, October 23, 2013, 21:13

Indian banks will continue to face asset quality troubles till March 2015, and the gross non- performing assets (NPAs) in the system will grow to 4.4 percent by then, global credit ratings agency S&P said Wednesday.

Rise in Indian banks' bad loans "unacceptable": FM

Last Updated: Tuesday, October 22, 2013, 15:31

The rise in bad loans at Indian banks is "unacceptable," the finance minister said, adding he expects their non-performing assets (NPAs) to come down when the pace of economic growth picks up.

JPMorgan cuts Kotak Mahindra, SBI to 'neutral'

Last Updated: Wednesday, October 9, 2013, 11:15

JP Morgan turns selective on Indian banks, citing stress in bond markets given the prospect of continued falls in short-term rates and pressures on asset quality.

Fitch says bad loans of Indian banks likely to peak by FY16

Last Updated: Friday, September 27, 2013, 22:38

International rating agency Fitch today said bad loans in India's banking system are likely to peak in FY2015-16, but stopped short of putting a number to the same.

Banks' non-performing loans to peak in March 2016: Fitch

Last Updated: Friday, September 27, 2013, 14:51

Ratings agency Fitch said non-performing loans at Indian banks are expected to peak as late as March 2016, compared with its earlier estimate of the middle of current fiscal year that started in April.