Page 59 - Banking Sector

Best of BS Opinion: Ayodhya judgment, rising stress in economy, and more

Here's a collection of Business Standard Opinion pieces of the day.

Moody's rating action and the Rs 28 trn revenue push

Penalising banks for past actions is not the best way to make the financial markets work better

Why debit, credit cardholders should remain beware of Joker's Stash

The darknet or darkweb is parallel to the internet but provides users with anonymity, which is often exploited for criminal activities

The lure of dollar bonds

Surge in foreign borrowing poses risks

Letter to BS: Another scam unearthed, can we bank on bankers anymore?

The ordinary man has to keep his fingers crossed hoping his savings are safe

The Indian banking journey: Logic & cure

In part 1 of a series, the author traces the compulsions behind bank nationalisation and the effects of liberalisation on the banking sector

Indian Bank reports Rs 1,004-crore divergence in provisioning for bad loans

The bank had reported a provisioning of Rs 6,131.86 crore for non-performing assets, while the RBI had assessed provisions of Rs 7,135.85

Indian banking, securities sectors' IT spend to grow 9% in 2020: Gartner

The assessment of the research and advisory firm is that the increasing investments are not only to create new product offerings but also to respond to evolving customer demands

India is paying price for repeated failure to fix banking system: Jan Dehn

London-based Jan Dehn, head of research at Ashmore Investment Management,says he is not bearish on Indian equities and the current problems in India are cyclical, but the banking issue

Corporate tax cut will not benefit banks: PNB MD & CEO S S Mallikarjuna Rao

In an interview with Somesh Jha, Rao spoke about the road map of the amalgamation and how the corporate tax cut and repo rate-linked products will impact the finances of banks

RBI won't let any cooperative bank collapse, banking sector stable: Das

Since the Punjab National Bank scam came to light in February 2018, the banking sector has been hit with two other major crises - IL&FS and DHFL crisis

No need to panic as banking sector remains sound, stable: Shaktikanta Das

The RBI is reviewing the existing regulatory framework for cooperative banks and will discuss the matter with the government, Das said

Loan 'mela' comes at a time when red lights are flashing in RBI's FSR

The idea behind the mela is that it will revive demand in a sluggish economy

RBI's June 7 circular raises NPA woes for merging public sector banks

Fear delay in execution of resolution plans during transition will lead to fresh provisioning

Bank liable for duplicate cheques

The manager informed that four cheques had already been cleared from the account.

Rajasthan State Cooperative Bank recruitment 2019: apply for 715 positions

Rajasthan Co-op Apex bank recruitment notification has been released. Interested candidates can visit rajcrb.rajasthan.gov.in to apply for the posts

YES Bank stock falls 15% as investors worry over HDIL, DHFL exposure

According to a report, YES Bank had an exposure of Rs 3,700 crore to DHFL - which has also defaulted on its loans

BS Fund Manager: Unlike banks, mutual funds don't have NPAs, opine CIOs

Six of India's leading fund managers say it is unfair to compare the fund industry's issues with the banking sector's woes

FM to discuss external benchmarking of loans, MSME credit with pvt bankers

Finance Minister Nirmala Sitharaman is expected to hold a press conference at around 7 pm today

RBI's rules are hurting urban cooperative banks, say experts

According to experts, a dual regulation by the state and RBI is what's hurting the sector, as it leads to undue political intervention