Indian Banks Association

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If the proposal gets IBA's nod, it will be sent to the finance ministry and subsequently to the Reserve Bank of India's (RBI) for approval

Another round of talks is scheduled to be held on January 31 between the Indian Banks Association (IBA) and the bank unions to iron out the issues

The Indian central bank's discussion paper suggesting banks make provisions on bad loans using an expected credit loss (ECL) method could raise capital requirements for lenders, analysts said

Tax is to be debited from the account of the customer and cannot be adjusted against the cash withdrawn

While there is still a large talent pool in state-run banks, the reality is that it may not walk in as in the past

From Amitabh Chaudhry, MD & CEO, Axis Bank to Rakesh Sharma, MD & CEO, IDBI Bank here is the list of panelists from private sector banks of India at BSFI Insight Summit

They suggested that the central bank could look at a reasonable cap to the FLDG models, given RBI's concerns of around build-up of systemic risk and 100% risk transfer rather than banning it outright

Stock has sharply underperformed peers and is available at reasonable levels

On a sequential basis, the bank's net profit rose 67.7 per cent from Rs 7.75 crore in April-June

New rate is 8.25%, applicable for fresh home loans and take over of existing home loans from other lenders

Banks notices say normal services could get affected but they are taking action to keep work going

Lender's amalgamation with Lakshmi Vilas Bank expanded its reach in South India

The modifications in relation to banks' non-core business could be made by amending the Banking Regulation Act

The Indian Banks' Association (IBA), an industry body consisting of all the banks including foreign lenders with branches in India, will meet on Friday to elect its new chairman. As per convention, sources said, the senior most managing director of a public sector bank is elected as chairman for a period of one year. Currently, Punjab National Bank (PNB) Managing Director A K Goel is the chairman of the lobby group. Usually, the chairman does not get a second term. Considering the ensuing wage revision talks and other crucial issues in the banking industry, it is being keenly watched who will take over the mantle from Goel. Formed in 1946 with 22 members, IBA now has 237 members and associates, according to its website.

Finance minister Nirmala Sitharaman on Friday urged banks to ensure that their systems speak to each other so that they are able to serve customers in a better way. The minister, while delivering the keynote address at the 75th annual meeting of the Indian Banks Association (IBA), said many a time customers are forced to transact with multiple lenders due to which it is important that the systems of one bank talks to that of other. She termed such a mechanism as an artificial wall erected by lenders to protect their turf. The finance minister also underlined the need for ensuring that banking personnel converse in the local language so that their customers are served better. Banks need to ensure that their systems speak to each other so that the common man banking with multiple lenders is not inconvenienced. Also, another key element of serving the customer better and more effectively is conversing in the local language, Sitharaman said. She also said it is essential that banks inv

The Indian Banks' Association (IBA) has sought a probe by the Competition Commission into possible cartelisation among vendors providing chip-based debit and credit cards to banks. IBA has received complaints of jacking up of card prices by various vendors, citing shortage of chips, and the hike in the prices is in a similar range, raising fears of cartellisation, sources said. Following the complaints, IBA has written a letter to the Competition Commission of India (CCI) seeking a probe into the issue and has also intimated the finance ministry about the matter. According to a senior bank official, last year, 4-5 large card vendors approached lenders saying that shortage of chip has led to an increase in the prices. So, all banks agreed for a rise in the prices of cards from Rs 35 to about Rs 42 per unit, the official added. Three months ago, these vendors again approached the banks, saying the prices have further increased. However, only large private bank agreed for another Rs

Response muted when compared to previous two IPOs; Lender to issue 15.84 million fresh shares via offering

The Centre's recent move to impose GST on services rendered by the markets regulator, Securities and Exchange Board of India (Sebi), has rattled FPIs

The banks' lobby group has been asked to assist with the preparation of the viability plan for RRBs