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India banks News

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.

21 Aug 2019

Slowdown slayer: PSBs to suggest steps to boost economy

At present, a culmination of factors such as high GST rates, natural calamities, subdued farm produce prices, stagnant income levels and low job generation have led to the slowdown.

20 Aug 2019

Q1 bank loan growth fell 1.2% due to low interest income: Report

For asset financiers (AFCs), the report says there was a higher Assets under Management (AuM) growth at 20 per cent year-on-year (YoY) though PPoP was in line.

31 May 2019

Fitch affirms long-term ratings of six banks at 'BBB-' with stable outlook

The agency also affirmed BBB- rating of Bank of Baroda (New Zealand), Canara Bank and Bank of India (BOI).

India banking sector

08 Jun 2018

India should address banking crisis to support investment, says IMF

These steps include the recognition of these non-performing assets, the resolution framework under the Insolvency and Bankruptcy Code, IMF said

21 Jun 2017

Demonetisation: Govt allows banks, post offices to deposit old bank notes with RBI

India`s cooperative banks have also been allowed to exchange old currency notes with the RBI, if they had collected these notes by November 14.

State-run banks

19 Jul 2016

India to inject $3.4 billion in state banks to revive credit growth

India will inject 229.15 billion rupees ($3.41 billion) in 13 state-run banks to help shore up the cash-strapped lenders and revive loan growth that has hit a two-decade low.

09 Jun 2016

Know which banks will give you maximum interest on savings account

Here are banks in India that give you maximum interest on savings account. Check out the list.

05 Apr 2016

Govt to push for consolidation of public sector banks

The government will push for consolidation of the public sector banks once they are recapitalised and strengthened, Finance Minister Arun Jaitley said on Tuesday.

17 Sep 2015

Govt mulls raising FDI limit in private banks to 100%

Seeking to further relax foreign investment norms, the government is considering increasing the foreign direct investment (FDI) limit in private banks to 100 percent, from the existing 74 percent.

United Bank of India

28 Aug 2015

UBI looks to bring down gross NPA below Rs 6,000 cr

The gross NPA level in percentage terms was around 9.5 percent.

16 Jul 2015

India simplifies foreign investment rules, banks to benefit

India has simplified rules for foreign investment in companies by clubbing together different categories, Finance Minister Arun Jaitley.

Nilesh Shivji Vikamsey

19 Jun 2015

Nilesh Vikamsey appointed Federal Bank part-time Chairman

Nilesh Shivji Vikamsey has been appointed as part-time Chairman of Federal Bank.

Basel capital standards

16 Jun 2015

Standards adopted by RBI compliant with Basel standards: Report

The standards adopted by the Reserve Bank with regard to risk-based capital requirements are 'compliant' with minimum Basel capital standards, the central bank said on Tuesday.

capital infusion

12 Jun 2015

Finance minister says sees merit in state banks' demand for more capital

India`s state-owned banks have made a "strong case" for higher capital infusion by the government, Finance Minister Arun Jaitley said on Friday, adding he saw a merit in the demand.

18 May 2015

Indian banks must aspire to join top global league: Kochhar

With China's impressive economic growth catapulting their banks into the top global league, India's top private sector lender ICICI Bank's chief Chanda Kochhar has said Indian banks also must aspire to scale up their activities significantly.

Technical Advisory Committee

29 Apr 2015

RBI's external committee split on April rate action

The technical advisory committee of the Reserve Bank of India (RBI) was split on whether the central bank should have cut interest rates at its April 7 policy review, with three members recommending no action, according to minutes released on Wednesday.

Reserve Bank of India

30 Mar 2015

RBI relaxes bad loans provisioning rules for banks

The relaxation will be applicable for floating provisions held by them as of the end of December 2014.

Finance Ministry

19 Mar 2015

Finance Ministry warns bankers against using influence for transfer

Warning disciplinary action, the Finance Ministry has asked bank employees to desist from using political influence for appointment or transfer.

14 Mar 2015

Singapore bank to convert branch-based operation in subsidiary

A Singapore bank is actively looking to expand in India by converting its branch-based operation into a subsidiary.

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