MUMBAI: The RBI’s move to inject Rs 1.9 lakh crore has come as a big positive for banks, which is reflected in the rise in the stock prices of both private and public sector banks, as well as Non-Banking Financial Companies (NBFCs) on Thursday.

MUMBAI: Recapitalisation and reforms in the last few years have really worked well for the public sector banks and balance sheets are cleaner now, State Bank of India (SBI) Chairman, C.S. Setty, said on Tuesday.

MUMBAI: The Reserve Bank of India (RBI) has got in touch with banks this week to understand the impact of its new liquidity coverage norms following concerns that the move would adversely impact the flow of credit in the economy.

NEW DELHI: The gross non-performing assets (NPAs) ratio of Indian banks may decline by another 0.4 per cent to 2.4 per cent by March 2025 followed by a further 0.2 per cent dip in the next financial year, according to rating agency Fitch.

NEW DELHI: Three Indian banks -- HDFC Bank, ICICI Bank, and the State Bank of India (SBI) -- ended the fourth quarter (Q4) of 2024 at the 13th, 19th, and 24th spots in the top 25 global banks by market capitalisation, respectively, according to a new report.

MUMBAI: The asset quality of India’s banks has improved further with their gross non-performing assets (GNPA) declining to 2.6 per cent of total advances in September 2024 which is the lowest level in the last 12 years, according to the RBI’s latest financial stability report.

SEOUL: South Korean banks' loan delinquency ratio fell in three months due to more bad loan settlements than new delinquent loans, financial watchdog data showed on Friday.

BENGALURU: The government has set the target for all scheduled commercial banks and NBFCs for providing additional MSME credit of Rs 1.54 lakh crore in the current financial year (FY25).

NEW DELHI: The Finance Ministry has asked public sector banks to increase credit availability for animal husbandry, dairying, and fisheries to ensure that targets are met for the current financial year.

HANOI: The digital transaction rate at many commercial banks in Vietnam has reached 97-98 per cent, Vietnam News Agency reported on Wednesday, citing the State Bank of Vietnam.

MUMBAI: India equity indices were trading in the green on Tuesday with gains in shares of UltraTech Cement, NTPC and L&T in BSE's benchmark.

NEW DELHI: UK Prime Minister Boris Johnson on Tuesday announced sanctions against five Russian banks -- Rossiya, IS Bank, General Bank, Promsvyazbank and the Black Sea Bank.

NEW DELHI:Assets under management for small finance banks are estimated to rise by 20 per cent in FY22, as against 18 per cent increase in the last fiscal, rating agency ICRA said.

NEW DELHI:The Central Bureau of Investigation on Friday registered a case against two private firms and its officials for allegedly cheating banks to the tune of Rs 70 crore.

MUMBAI: The Indian banking sector is set to witness a fresh phase of consolidation over the medium term which will primarily be driven by large private sector banks (PVBs)

CHANDIGARH: The Chairman of the Punjab State Cooperative Agricultural Development Bank Kamaldeep Singh Saini got elected as the Vice-Chairman of the National Cooperative Agriculture and Rural Development Banks Federation, Mumbai.

NEW DELHI: Finance Minister Nirmala Sitharaman on Wednesday said that public sector banks (PSB) will adopt a nationwide credit outreach programme this year.Addressing the media in Mumbai, she said that banks will go about to exhibit loan offerings in every district of the country in a bid to enhance the credit demand.

THIRUVANANTHAPURAM: Kerala BJP chief K.Surendran on Saturday alleged that the ruling CPI-M is parking its ill-gotten wealth in cooperative banks and the latest massive fraud that has surfaced at the Trissur Karavanoor Cooperative Bank is only a tip of the iceberg.

MUMBAI:The Reserve Bank of India (RBI) has proposed changes in rules for fundraising by primary (urban) co-operative banks.
On Wednesday, the central bank released a draft circular for issue and regulation of share capital and securities of primary (urban) co-operative banks

 NEW DELHI: In a crackdown on political interference, the Reserve Bank of India has barred MPs, MLAs and members of municipal corporations or other local bodies from holding the office of managing director (MD) or whole-time director (WTD) in urban cooperative banks.

By Anand Singh
NEW DELHI: A chill has set in at 10 pm when the first customers start gathering outside a small SBI branch in Geeta Colony in east Delhi with the aim of drawing cash when it opens in the morning.

NEW DELHI: To scale up production of its Covishield vaccine, the Serum Institute of India (SII) had borrowed money from banks instead of waiting for the government's aid to arrive.

NEW DELHI: The Supreme Court on Tuesday said any amount collected during moratorium period by banks as interest on interest or compound interest, should either be refunded or adjusted against the next EMIs payable by the borrowers.

PATIALA: NMember Parliament Patiala Preneet Kaur today while extending her support to the clarion call of Nationwide Bank Strike by the United Forum of Banks Union, slammed the BJP led central government for it's move to privatise Public Sector Banks, as announced by the Finance Minister Nirmala Sitharaman in her recent budget speech.

NEW DELHI: Ludhiana on Monday became the first city in India to extend Covid vaccination to the people beyond the priority group listed by the Centre.

NEW DELHI: From April 1, 2021, cheque-books and passbooks of over half a dozen banks which went through a merger will become invalid.

CHANDIGARH: All India Power Engineers Federation (AIPEF) oppose privatisation of banks and the power sector and extends full support to bank employees for their two days strike on March 15 and 16.

KAPURTHALA: Mohan Lal Sood , Chairman, Punjab Scheduled Castes, Land Development and Finance Corporation said that to establish self employment for the beneficiaries of Scheduled Castes dedicated to 400 Prakash Purab of Guru Teg Bahadur ji , a subsidy of Rs 1.5 crore has been released for the purpose, with which various banks would provide Rs 8.25 crore loans to the applicants.

CHANDIGARH: Punjab Cooperation Minister Sukhjinder Singh Randhawa said that to encourage the Cooperative Banks to compete with private banks, their government is going to revamp the Cooperative Banks by introducing new schemes including gold loan and insurance schemes. The minister said that new recruitment will be done to deal with shortages of staff and for starting net banking and other online banking services will also be introduced to include the Cooperative Banks in top banks of the state.

NEW DELHI: Nearly 80 per cent of corporate banks in India are forecast to run their trade finance and treasury workloads on Cloud by 2024, said a new IDC report on Friday.

NAKODAR: The Mehat Pur police have booked a couple on the charges of breach of trust and playing fraud with two banks.The investigating officer (IO) Sarabjit Singh said that the accused have been identified as Jasvir Singh a resident of Parjian Kalan village in Shahkot and his wife Malkit Kaur.

NEW DELHI: India needs more profitable and robust banks to fully meet the growing demand and privatisation of two state-run lenders is a move in that direction, Minister of State for Finance, Anurag Thakur, told IANS.

NEW DELHI: WhatsApp Pay on Wednesday announced it is now live with State Bank of India, HDFC Bank, ICICI Bank and Axis Bank for its up to 20 million users in India.

AMARAVATI: Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy on Friday asked senior bank employees to focus on doubling farmers' income, reducing investment costs, providing proper market facilities for crops and supporting them at the time of natural disasters.

NEW DELHI:Government-run banks are operating normally without major impact of the 'Bharat Bandh' called by farmer organisations.
Bank unions have, however, decided to put on black badges in support of farmers' call of repealing of three farm bills.

MUMBAI: A day after the Reserve Bank of India (RBI) asked the HDFC Bank to temporarily stop issuing new credit cards and launching new digital businesses activities, RBI Governor Shaktikanta Das has said that all banks and other financial institutions should invest more on their IT systems and technology to avert such inconvenience for the customers and build trust towards digital payments.

NEW DELHI:The bad loan scenario in Indian banks has improved as the net non-performing loans (NPL) are at a six-year-low.
According to a report by Kotak Institutional Equities, net NPLs for banks are now closer to FY2014 levels.

CHANDIGARH: The Cooperation Minister  Sukhjinder Singh Randhawa on Tuesday handed over appointment letters at the Markfed Head office to 110 Field Executives of 12 Central Cooperative Banks in order to augument the staff  and strengthen the working of the banks. These field executives have been appointed through outsourcing by PESCO in the cooperative banks.

NEW DELHI: The Supreme Court has permitted the Maharwal Khewaji Trust, which manages the Rs 20,000-crore property of erstwhile princely state of Faridkot, to operate bank accounts to pay salaries to staff and meet expenses on utilities bills and taxes etc.

MUMBAI:The Reserve Bank of India (RBI) has decided to enhance the threshold limit of retail portfolio of banks to Rs 7.5 crore, with a view to improve the credit flow to small businesses.

NEW DELHI:Fugitive liquor baron Vijay Mallya's United Breweries (Holding) Ltd on Wednesday told the Supreme Court that it had offered over Rs 14,000 crore to various banks to settle its dues and that the company's assets exceeded its total debt.

NEW DELHI: The FinCEN files show that the world's biggest banks have allowed criminals to move "dirty money" around the globe. In total, these reports flagged more than $2 trillion in transactions, according to BuzzFeed News.

NEW DELHI:The new Banking Regulation (Amendment) Bill, 2020, introduced by the government on the first day of the Parliament's Monsoon Session, provides the Reserve Bank of India (RBI) powers to restructure cooperative banks.

MUMBAI:The Reserve Bank of India (RBI) on Friday came out with guidelines for banks to appoint Chief Compliance Officers (CCO).

NEW DELHI:As the Emergency Credit Line Guarantee Scheme, specially formed for MSMEs, progresses, the government is considering allowing cooperative banks to lend under it too.

NEW DELHI:Prime Minister Narendra Modi on Wednesday held a meeting with the stakeholders of banks and NBFCs and discussed issues in the financial sector, including credit growth and risk aversion.

NEW DELHI:In a relief for embattled homebuyers who are yet to get possession of their houses in the stalled Amrapali Group projects, the Supreme Court on Wednesday directed the banks to release the loans given to the Amrapali homebuyers, which were declared as non-performing assets (NPAs).

CHANDIGARH: The cooperation department of Punjab Government, on Thursday, shifted as many as 70 employees of Hindu Cooperative Bank Pathankot to various bank branches of the department.

MOHALI: The District Administration has allowed the public dealing in the banks all across the district from 10 am till 2 pm on working days, but with some restrictions.

MUMBAI: Against the backdrop of the Yes Bank crisis, the Maharashtra government has decided to only bank with public sector banks, officials said here on Friday.

MUMBAI:Against the backdrop of the Yes Bank crisis, the Maharashtra government has decided to only bank with public sector banks, officials said here on Friday.

CHANDIGARH:Taking serious note of the shocking neglect that led to infected blood being given to two patients and a mismatch blood transfusion to a teenager at the Blood Bank at the Civil Hospital Phagwara, Punjab Chief Minister on Friday ordered a detailed inquiry into the incident and immediate inspection of all the blood banks in the state.

In 2019, the Reserve Bank of India announced consecutive cuts in its repo rates, which ideally should have urged financial institutions to lower their lending rates for home loans and other advances. However, even with a repo rate cut of 50 basis points by the RBI and a consequent reduction in MCLR, many financial institutions have lowered their interest rates by only a small margin. This has led borrowers to seek other ways to reduce their home loan EMI.

BENGALURU:Digital transformation in the banking industry has a long way to go as a new report has revealed that even today only 17 per cent of banks have succeeded in digitally transforming at scale.

MUMBAI:Indian markets opened higher on Wednesday led by gains in banks and financial sector stocks amid supportive global markets.