Page 61 - Banking Sector

Banks reported frauds worth Rs 1.8 trn in 11 years: Govt tells Rajya Sabha

The year 2016-17 witnessed reporting of 3,927 cases of fraud involving amount of Rs 25,883.99 crore, which was the highest in the last 11 years

Delhi HC agrees to hear banks' plea against service tax on minimum balance

A total of 13 banks had approached the high court claiming that the government had arbitrarily decided on the service tax

Rs 70K-cr capital infusion in PSBs credit positive, to boost economy: S&P

The proposed Rs 70,000-crore capital infusion into public sector banks (PSBs) will provide a timely booster to these lenders, S&P Global Ratings has said. The move, announced in the Budget, is likely to be credit positive for the banking sector and the economy, S&P said in a note titled 'India's Budget attempts to address trust deficit in the financial sector. "We believe the capital infusion will help PSBs make necessary haircuts on their weak corporate loans and shore up their capital adequacy," said S&P Global rating credit analyst Geeta Chugh. The capital infusion will help some banks to come out of the central bank's prompt corrective action and resume lending and clean up their balance sheets, she added. S&P said it believe PSBs still require substantial reforms to improve risk management, service quality, efficiency, and diversity of product offerings. While the government has infused large amounts of capital into PSBs in the past few years, the progress on ...

Bank digitisation creates new jobs: Robot programmer to blockchain expert

The shift towards digitisation has also led to the growing importance of digital officer

Banking sector to struggle for two more years amid NPA woes, says Fitch

Fitch lowered the operating environment assessment to "BB+" from "BBB", based on the review of performance in past three years

Ride the economic growth theme with banking and financial sector funds

Any credit event could pose a risk to this sector

How the next govt can put banking and financial sector back on track

With just a moon-phase to go before the reset in the finance minister's office, the big question is: What's the extent of grease needed from here on

Banks close FY19 with 13.24% credit growth, deposits up 10.03%

Bank deposit growth fell to a five-decade low in year to March 2017 as demonetisation bonanza withered

Some top bankers chart their own path amid crisis in India credit

The individuals branching out face huge risks succeeding where financial institutions with deeper pockets stumbled

Reduced NPA to drive solvency of public sector banks, says Icra

The government's capital infusion of Rs 1.91 trillion into the PSBs during 2018 and 2019 augurs well with their growth

PSBs, private banks divided over linking rates to external benchmark

While the RBI has not mandated banks to switch to external benchmarking, it had proposed that they link all new floating retail loans to an external benchmark from April 1

BB&T to buy SunTrust in biggest bank merger since the financial crisis

The two banks have long been considered natural partners and advisers said they do not expect another bank to make a bid. Hostile takeovers are rare in the banking world

New RBI norms on bank subsidiaries to overhaul equity holding structures

The move comes at a time when a host of state-run banks are set to jettison some of their non-banking ventures to raise capital

Banking: Where do we go from here?

The gross non-performing assets (NPAs) ratio of scheduled commercial banks has declined from 11.5% in March 2018 to 10.8% in September 2018

High cost of banking services hindering financial inclusion: NITI

Efforts to improve financial literacy should be complemented by mass media campaigns to spread information on financial products and how they are used, NITI Aayog said

Banks plan to create blockchain platform with SWIFT India to avert frauds

The first blockchain project in the country went live some months ago

70 big companies may be heading for resolution under the IBC: ICRA

The rating agency cautioned that GNPA and NNPA may be higher at 12.2 per cent and 5.6 per cent, respectively, in absence of resolution

RBI should focus on streamlining credit pricing, monetary transmission: IMF

Bank credit growth grew to 12.94 per cent as of the end of June 2018 on a year-on-year basis

Q1 earnings preview: Banking sector will take some more time to revive

While there is no clear trend for the sector as a whole, the quarter may be in favour of private banks

As govt bond yields dry up, central banks ramp up their risk taking

Central banks have earmarked an average of about 14 per cent of their assets for non-traditional investments, a survey showed