ICRA sees NPAs jumping to 5.9% by March from 4.4% in FY15

Last Updated: Wednesday, August 26, 2015, 21:24

The banking sector is likely to end the current fiscal with increased gross non-performing assets (NPAs) at 5.3-5.9 percent, primarily due to the withdrawal of the regulatory forbearance on restructured advances by the Reserve Bank from this April, ratings agency Icra said Wednesday.

Payments banks could make banking sector be a 'dog-eat-dog' market: SBI chief

Last Updated: Monday, August 24, 2015, 22:50

State Bank of India (SBI) chief Arundhati Bhattacharya Monday again expressed fears over the entry of payments banks, saying they are agile and have an edge as they are not bound by industry-level wage agreements which can lead to 'a dog-eat-dog's world'.

Bandhan Bank joins Indian banking league with 501 branches

Last Updated: Sunday, August 23, 2015, 21:12

Bandhan Bank Sunday began operations as a full-fledged bank with 501 branches and 1.43 crore accounts across the country, becoming the newest member of the estimated USD two-trillion Indian banking industry.

Challenging times for banking sector: RBI

Last Updated: Sunday, August 23, 2015, 19:21

Indian banking sector is going through challenging times, characterised by low credit, impairment of assets and low profitability, RBI deputy governor H R Khan said Sunday.

India needs to cut political interference in state banks: FM Jaitley

Last Updated: Friday, August 14, 2015, 18:44

India needs to minimise political interference in public sector banks, Finance Minister Arun Jaitley said on Friday, as the government announced measures to improve the performance of state-run banks that are struggling with rising bad loans.

Infusion of Rs 70,000 cr in PSBs will fuel economic gowth: FICCI

Last Updated: Monday, August 3, 2015, 23:05

Welcoming government's plan to recapitalise public sector banks with infusion of Rs 70,000 crore over the next four years, FICCI Monday said it augurs well for the banking sector and will help fuel economic growth.

Government close to appointing new heads of state-run banks: Rajan

Last Updated: Thursday, July 2, 2015, 14:52

Reserve Bank of India Governor Raghuram Rajan said on Thursday the government would soon appoint heads of state-run banks given the importance of acting quickly.

Indebted firms constraining bank lending: RBI report

Last Updated: Thursday, June 25, 2015, 17:40

The ability of India`s debt-burdened firms to repay their debts has worsened as leverage has increased, straining a banking sector burdened by bad loans, according to a report released by the Reserve Bank of India on Thursday.

Lack of professionalism, resisting tech ailing coop banks: RBI

Last Updated: Friday, June 19, 2015, 19:51

Coming down hard on cooperative banks, RBI Deputy Governor R Gandhi on Friday said their share is below 5 percent despite large number, as they have not kept pace with technological advances and lack professionalism.

Private bankers to be interviewed for CEO/MD post at 5 large PSBs

Last Updated: Thursday, June 11, 2015, 18:06

While the age limit was increased to 57 years, from 55 years earlier, the mandatory board-level experience for the applicants were reduced to one year from three years previously to invite more experienced talent for heading large public sector banks.

India on marathon path; markets don't need steroids: Kotak

Last Updated: Sunday, May 31, 2015, 14:58

Kotak also said that one of the biggest challenges today was the history of excessive leverage by India Inc.

ATM use: HDFC Bank to stop paper slips,to send detailed SMSes

Last Updated: Sunday, May 31, 2015, 12:40

This is a part of the digital initiative for the bank, under which it had last year launched the 'Green PIN' scheme wherein card-users were given the PIN numbers electronically rather than in a printed kit, the official said.