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Commercial banks News

15 Dec 2024

Indian SCBs Clock Highest-Ever Net Profit At Rs 23.50 lakh Cr In FY24

Gross NPA ratio of PSBs declined to 3.32 per cent in June-24 from 4.97 per cent in March-2015 and from a peak of 14.58 per cent March-2018.

10 Nov 2024

Want To Scale Your Business? Banks Offering Rs 1.54 Lakh Cr For Entrepreneurs

Around 150 MSME clusters were connected virtually for the launch with senior bank officials being present in each of these clusters. FM Sitharaman also virtually inaugurated six new SIDBI branches in Karnataka, expanding SIDBI’s reach and financial assistance to MSMEs in these clusters.

12 Jun 2020

RBI floats discussion paper on governance in commercial banks

Among other things, the discussion paper bats for greater power to the bank boards, separation of ownership from management and setting up of proper risk management strategy.

20 Apr 2019

RBI issues clarification on 'five-day week in commercial banks' report

The RBI has termed the media report on 'five-day week in commercial banks' as factually incorrect.

29 Dec 2017

No IT exemption to cooperative banks: Govt tells Lok Sabha

Income tax is a tax on profits and there is no rationale for exempting profit-making cooperative banks from payment of income tax, government said.

Demonetised notes

16 Oct 2017

Demonetised notes are being counted using 66 machines, says RBI

It said seven CVPS machines were in the process of being leased, while seven others available with commercial banks were also being used.

16 Apr 2017

'Merge govt, central bank budgets for better fiscal outcomes'

An American economist has called for consolidating the central bank and government's budgets and balance sheets saying such a move can prevent sovereign default risks and ensure better fiscal and monetary outcomes.

26 Nov 2015

Credit, deposits growth decline in Q2: RBI

The growth rate of deposits and credit was 12.3 percent and 9.5 percent, respectively, in the same quarter last year.

Bank credit growth

10 Jun 2015

Bank credit growth slows to 9.8%

Growth rate of credit by scheduled commercial banks slowed to 9.8 percent at Rs 66,33,417 crore for the fortnight ended May 29, as per Reserve Bank data.

Non-food credit

29 May 2015

Commercial banks' non-food credit rises by 8.9%: RBI

Non-food credit of scheduled commercial banks rose by 8.9 percent on a year-on-year basis to Rs 60,41,400 crore in April, according to RBI data released on Friday.

Outstanding credit

08 May 2015

FY14 credit growth slips to 13.7%: RBI

The gross outstanding credit of scheduled commercial banks rose 13.7 percent to Rs 62,82,100 crore in financial year 2013-14, a marginal decline from the previous fiscal when it registered an increase of 15 percent, the Reserve Bank said on Friday.

05 Jan 2015

Take all commercial decisions without fear: Arun Jaitley to PSU banks

Finance Minister Arun Jaitley on Monday called on public sector banks to take all commercial decisions without any fear or favour.

23 Dec 2014

Bank credit grows 11% to Rs 63,03,482 crore

Schedule commercial banks' credit grew 11 percent to Rs 63,03,482 crore in the fortnight ended December 12, according to the Reserve Bank data.

Islamic banking

05 Dec 2014

'Islamic banking assets to exceed USD 778 billion in 2014'

Islamic banking assets with commercial banks in international markets are set to exceed a whopping USD 778 billion in 2014, according to a new report.

28 Nov 2014

Direct banks to extend credit for paying penalties: Assocham

In a recent communication addressed to RBI Governor Raghuram Rajan, it has also said credit was also required for payment of upfront bid amounts for participation in the coal block bidding.

31 Aug 2014

Credit growth slows to 12.6% in July; corp demand falls to 10%

Increase in non-food credit was a tad lower than the 13 percent growth in the previous two months, according to the Reserve Bank data.

16 Jul 2014

NBFCs' bad loans jump to 1.9% in FY14; advances growth down 57%

Going by the 90-day due rule, which qualifies an asset as bad for commercial banks, delinquencies increased to 4.5 percent as of March 2014 as against 3.6 percent in the year-ago period, it said.

Economic recovery

16 Jun 2014

PSU banks' asset quality woes likely to continue: Fitch

Gross NPA level of commercial banks stood at 3.9 per cent as of March-end as compared with 4.2 per cent till September 2013.

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