Banks In India

Indian banks going through a purple patch: NPAs trending downwards

Banks have been slow to pass the rate hikes on the liabilities while the assets side saw immediate revision

Bank holiday: In October, banks will remain closed for total 21 days

Starting today (October 3), the banks in some cities will remain closed for the entire week because of festivals

New rules from Sept 1 2022: LPG prices, expressway toll taxes and more

New rules are introduced on September 1, Thursday 2022. Banking norms, gas cylinders, insurance premiums and property prices will be impacted. Read this detailed article to know more

Banks took a haircut of 69 per cent while resolving IBC cases: Report

Haircuts are defined as the losses incurred by the creditors (banks in this case) on resolving the bad debts or stressed assets

J&K Bank aims to achieve business of Rs 4 tn in next 5 years: CEO

Jammu and Kashmir Bank has set a long-term goal of achieving Rs 4,00,000 crore business in the next five years with annual profit of Rs 4,000 crore, a top company official has said. J&K Bank MD & CEO Baldev Prakash said the long-term objectives are backed by well thought out strategies and monitorable execution plans that would be periodically reviewed to ensure achievement of all interim milestones. Prakash said the bank is also working on short-term goals like fixing monthly targets for each business line. "In the longer term, we have set out a target for ourselves to achieve business of Rs 4 lakh crore in the next five years with an annual profit of Rs 4,000 crore. We are aiming to bring our gross NPA to below 4 per cent with a net NPA figure to one per cent level. The long-term target for our Return on Assets (RoA) is above 1 per cent," he said. Prakash further said that, "the broader objective would be to improve Bank's market share from 0.63 per cent to 0.75 per cent in .

Dhanlaxmi Bank's Rs 127-cr rights issue hits fresh roadblock at boardroom

Lender was aiming to raise Rs 127 crore for growth plans

IDBI Bank sale: Clarity on sale glide path for buyers after EoI stage

Currently, the RBI guidelines require promoters to reduce their shareholding to 26 per cent in 15 years

IndusInd Bank's board gives nod to mobilise Rs 20,000 cr via debt

Private lender IndusInd Bank of Monday said its board has approved a proposal to raise Rs 20,000 crore in debt to fund business growth.

Govt appoints non-official directors on boards of various banks

The government has appointed Non-Official Director (NOD) on the board of these banks for three years

Union Bank of India to allot Basel III bonds of Rs 2,000 cr next week

Union Bank of India on Thursday said it will allot Basel III compliant bonds next week on a private placement basis, for which it has accepted bids worth Rs 2,000 crore. The bank has considered the issuance of Basel III compliant debt instruments in the nature of debentures of Rs 500 crore, with green shoe option up to Rs 1,500 crore (maximum Rs 2,000 crore) on private placement basis, the bank said in a regulatory filing. The bonds are eligible for inclusion in additional tier I capital, it said. The bonds, with face value of Rs 1 crore each, are perpetual in nature and bear coupon of 8.70 per cent per annum. Perpetual bonds carry no maturity date, so they may be treated as equity, not as debt. The deemed date of allotment of bonds is November 22, 2021, the state-owned lender said. The bonds are rated 'AA'/stable by India Ratings & Research and Crisil.

RBI imposes curbs on Maharashtra-based Babaji Date Mahila Sahakari Bank

RBI imposed several restrictions on the Maharashtra-based bank

Bank holidays in October 2021, India: List of days when banks will be shut

List of bank holidays in October, 2021: All private and government sector Banks to remain closed for 21 days in the month of October. Check details below

Bank holidays in July 2021: Full list of days banks will be shut in India

List of bank holidays in July, 2021: All private and government sector Banks to remain closed for nine days in the month of July. Check details below

Banks in India report loan fraud worth Rs 5 trn, SBI's amount largest

Data showed 90 banks and financial institutions reported a total of 45,613 cases of loan fraud till March 31, 2021

Bank NEFT transfers will not be operational coming weekend

If you planning an online money transfer using the banking system between Saturday midnight and Sunday, you are well advised to either cancel or postpone such transfers

Bank of Maharashtra third quarter profit rises 14% to Rs 154 crore

The bank was helped by a decline in bad loans

Citi India elevates Arjun Chowdhry as head of its consumer banking biz

Chowdhry will manage the domestic retail banking, wealth management, credit cards, loans and mortgages

HDFC Bank, Maruti, DLF: Rate-sensitive stocks are preparing for more upside

Realty stocks are showing strong upside momentum

Banks, depositors, taxpayers

Depositors are a subset of taxpayers. A depositor also pays tax. So what he gains as a depositor he may well be losing as a taxpayer

YES Bank to transform into a retail bank: Administrator Prashant Kumar

Hopeful that moratorium on withdrawal will be lifted by Friday, says bank administrator