Reform measures to broaden tax base, cut debt: Moody's
Reform measures undertaken by India will broaden its tax base and help government cut down on debt, but high stressed assets in the banking sector pose contingent liability risks.
Jun 01, 2017, 12:53 PM IST
Euro zone stability risk contained but rising - ECB
Financial stability risks in the euro zone are contained but remain significant and have even increased in some areas over the past six months, the European Central Bank said in a regular stability review on Wednesday.
May 24, 2017, 14:22 PM IST
18 lakh cases where income and account profiles don't match: FM
Authorities have detected 18 lakh cases after demonetisation where the income profiles of people do not match their account profile, the Lok Sabha was informed on Friday.
Apr 07, 2017, 16:46 PM IST
Arun Jaitley to chair high-level meet on bank NPAs today
The meeting, which will also be attended by Financial Services Secretary Anjuly Chib Duggal, will discuss ways of resolution of stressed assets urgently.
Mar 10, 2017, 09:28 AM IST
HSBC's India headcount rises by 4,000 despite global drop
UK-based banking major HSBC saw its India headcount rise by 4,000 people to reach 37,000 last year even as its worldwide workforce got trimmed by nearly 23,000 persons.
Feb 26, 2017, 18:11 PM IST
'Bad bank' to speed up stressed assets resolution: Fitch
Setting up of a 'bad bank' can accelerate the resolution of stressed assets in the banking sector but that would also require a credible capital infusion plan by the government, Fitch Ratings said on Friday.
Feb 24, 2017, 12:07 PM IST
Economic Survey 2017: Policy making constrained due to bureaucratic caution
Policy making in certain areas like telecom and banking has been severely constrained due to "abundant caution in bureaucratic decision-making", the Economic Survey said on Tuesday.
Jan 31, 2017, 16:54 PM IST
Bankruptcy Code can potentially free Rs 25,000 cr in NPAs in 5 years: Assocham
Proper implementation of the Insolvency and Bankruptcy Code, 2016 can potentially free about Rs 25,000 crore capital locked up as non-performing assets (NPAs), or bad loans, over the next four-five years, Assocham said on Monday.
Nov 21, 2016, 17:29 PM IST
Banks to remain closed for 5 straight days; take out cash before ATMs dry up
If you want to get regular services like cheque clearance, cash deposits done, must ensure that you complete them by Friday.
Oct 07, 2016, 11:51 AM IST
NPAs to dip on high industrial capacity utilisation: SBI chief
SBI chairperson Arundhati Bhattacharya Monday said the stressed assets level in the banking sector will come down once the key industrial sectors start functioning at their optimum capacity.
Sep 19, 2016, 22:32 PM IST
Govt to focus reforms on tax, banks, infrastructure: Arun Jaitley
The top economic policy priorities for the Indian government are to pass a planned Goods and Services Tax, to revive the banking sector and get stalled infrastructure projects moving, Finance Minister Arun Jaitley said on Wednesday.
Sep 07, 2016, 10:07 AM IST
PSB losses on higher provisioning, will provide more funds: Finance Minister
New Delhi: Committing to provide more funds for recapitalisation of state-owned banks, Finance Minister Arun Jaitley on Monday said that cumulative losses of Rs 18,000 crore suffered by them last fiscal were mainly on account of higher provisioning for bad loans.
Jun 06, 2016, 14:54 PM IST
Two years of Modi government: Key tasks yet to be fulfilled!
As Narendra Modi led National Democratic Alliance (NDA) government completes two years in office, we are evaluating the promises fulfilled and those still incomplete here.
May 26, 2016, 17:28 PM IST
Shocking: One-third of a bank stock you buy is going away as bad loan!
It's not hidden from anyone that the Indian banking sector is in a great mess. The earnings numbers from the 25 banks for FY16 have clearly shown that the scenario is not very encouraging.
May 16, 2016, 19:09 PM IST
NPAs may rise to 6.9% under severe stress scenario: Finance Ministry
Attributing mounting bad loans to economic sluggishness, Finance Ministry's annual report has said gross non-performing assets (GNPAs) of banks could soar to 6.9 per cent by March 2017 in a "severe stress scenario".
May 14, 2016, 18:43 PM IST
Bank employees union calls for nationwide strike on Aug 29
An umbrella body of bank unions has called for a nationwide strike on August 29 to protest against the government's banking reforms.
May 12, 2016, 18:35 PM IST
Risk-pricing must improve for better asset quality, says Kotak
Stating that there is an urgent need to arrest rising bad loans, Uday Kotak, head of Kotak Mahindra Bank, today said the problem arose as bankers excessively focussed on collaterals and not the cash flow prospects of the funded projects.
Apr 14, 2016, 19:43 PM IST
OBC savings account holders to earn interest on monthly basis
A month after RBI's advisory to banks on crediting interest at a shorter interval, state-owned Oriental Bank of Commerce (OBC) on Friday said it has started doing that on monthly basis for savings account holders.
Apr 08, 2016, 18:59 PM IST
Vodafone laying the groundwork for its IPO
British telecom firm Vodafone today said it is doing the groundwork for a potential IPO of its Indian arm and holding private discussions with banks, but no decision has been taken as of now.
Apr 08, 2016, 18:51 PM IST
Expert advice on Banking sector
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Apr 01, 2016, 15:50 PM IST
