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India's banking system News

India's banking system

31 Jul 2018

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.

07 Dec 2017

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).

14 Sep 2017

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.

PSU banks merger

23 Aug 2017

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.

Banking Regulation Bill

03 Aug 2017

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.

Corporate borrowers

14 Mar 2017

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'.

India's banking system

06 Jul 2016

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.

Bank consolidation risks

28 Jun 2016

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.

securitisation market

21 Jan 2016

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.

12 Nov 2015

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.

Financial frauds

17 Jul 2015

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.

10 May 2015

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.

29 Dec 2014

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.

India's banking system

29 Dec 2014

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.

02 Oct 2014

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.

PM Jan dhan yojana

26 Aug 2014

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.

19 Jul 2014

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.

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