India's weak banking system to strengthen over 2 years: S&P
S&P's stable outlook on banks is underpinned by the expectations of a very high likelihood of government support.
Jul 31, 2018, 16:40 PM IST
FRDI Bill depositor friendly, provides more protection: FinMin
The statement comes in the wake of "certain misgivings" that appeared in the media about 'bail-in' provisions of the Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill).
Dec 07, 2017, 17:52 PM IST
Rise in inflation likely to keep RBI on hold: Morgan Stanley
Retail inflation rose to 5-month high of 3.36 percent in August due to costlier vegetables and fruits.
Sep 14, 2017, 15:40 PM IST
Cabinet gives in-principle nod for public sector banks merger
In the context of massive accumulation of bad loans by state-run banks, the Union Cabinet on Wednesday gave an "in principle" approval for their consolidation by merging some of the public sector lenders, Finance Minister Arun Jaitley announced.
Aug 23, 2017, 14:55 PM IST
Lok Sabha passes Banking Regulation Bill to resolve non-performing assets
The Lok Sabha on Thursday passed the Banking Regulation (Amendment) Bill, 2017, which empowers the Reserve Bank of India (RBI) to resolve stressed assets clogging the banking system.
Aug 03, 2017, 16:23 PM IST
Govt must bail out troubled big borrowers at time: CEA Arvind Subramanian
The government needs to bail out large corporate borrowers at times in a capitalist system though it may lead to charges of cronyism, Chief Economic Adviser Arvind Subramanian has said, while supporting the idea of a 'national bad bank'.
Mar 14, 2017, 15:19 PM IST
India's banking faces stress due to 'stalling' in 2011-13: SBI
India's banking sector currently faces some stress mainly due to "stalling" of projects between 2011-2013 and efforts are being made to ensure the "de-bottlenecking" of these projects, SBI Chairman Arundhati Bhattacharya said.
Jul 06, 2016, 14:28 PM IST
Bank consolidation risks may outweigh benefits: Moody's
Efforts to consolidate 27 public sector banks into 8-10 large lenders create risks that could offset potential long-term benefits in the current weak economic environment, Moody's Investors Service said Tuesday.
Jun 28, 2016, 13:01 PM IST
Developing securitisation market key to drive financial inclusion
Global rating agency Moody's on Thursday said a developed securitisation market will help the country achieve its goal of financial inclusion by providing cheap credit to under-served segments of the society.
Jan 21, 2016, 17:05 PM IST
RBI staff plans mass leave on Nov 19 to protest against Modi government's intrusion
Reserve Bank's employees have proposed one-day mass leave on November 19 to protest what they termed as the government's intention to curb the apex bank's activity and intervening into monetary policies.
Nov 12, 2015, 15:44 PM IST
Financial frauds lethal parasites to economy: Jayant Sinha
Terming financial sector frauds as "lethal parasite" to the economy, Union Minister Jayant Sinha on Friday asked banks to fast-track the process of reporting such instances to help the probe agencies crack these cases.
Jul 17, 2015, 19:26 PM IST
Led by SBI group, PSBs dominate credits, deposits space
State-owned lenders remain dominant players in India's banking system with SBI group alone accounting for about a quarter of the market share both in the credits as well as the deposits arena.
May 10, 2015, 12:05 PM IST
Bad loans may come down to 4% by March 2016: RBI
Gross non-performing assets (GNPAs) of banking system is likely to drop to 4 percent by March 2016 with expected improvement in macroeconomic indicators going forward, the Reserve Bank said on Monday.
Dec 29, 2014, 19:03 PM IST
Banking system vulnerable to financial contagion: RBI
India`s close ties between lenders would leave the banking system especially vulnerable to contagion in case of trouble at a single institution, the Reserve Bank of India (RBI) warned in a report on Monday.
Dec 29, 2014, 17:33 PM IST
Banks need $200 billion capital in next 5 years: Fitch
Indian banks will need USD 200 billion additional capital over the next five years to meet Basel III capital adequacy norms and the demand for funds as growth picks up, Fitch Ratings said on Thursday.
Oct 02, 2014, 16:02 PM IST
PM Jan Dhan Yojana to boost housing for all programme
The 'Pradhan Mantri Jan Dhan Yojna', to be launched on August 28, will provide a vital missing link in achieving the objective of "Housing for All" by enhancing the access of urban poor to cheap credit through the formal banking system, a senior official said here.
Aug 26, 2014, 20:25 PM IST
Recapitalisation of PSU banks is on high priority: Jaitley
Finance Minister Arun Jaitley on Saturday said recapitalisation to the tune of Rs 2.4 lakh crore in public sector banks to meet Basel III norms is a 'high priority' item for the government.
Jul 19, 2014, 14:48 PM IST
