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Farm loan waiver, exposure to IL&FS may impact SBI's growth target

The bank's management, on its part, is confident about softening of bad loan or NPA with the recovery of Rs 34,000 crore from eight accounts

NBFC liquidity normalises, fresh bond sales jump 30% in January: Report

Signalling an end to the liquidity crisis that NBFCs have been facing since last September, corporate bond issuances by them have risen by 30 percent in January, reflecting renewed confidence among both issuers as well as investors, says a report. It ca

YES Bank denies wrongdoing, says disclosure in line with guidelines

On February 14, the private lender had disclosed that the RAR had not found any divergence in asset classification and provisioning for 2017-18

NPA woes: India beats Italy to have world's worst non-performing loan ratio

RBI said in December that the ratio for banks fell for the first time since 2015, though it's still 'high for comfort'

SBI to waive loans of CRPF personnel killed in Pulwama terror attack

The state-owned lender would also expedite payment of insurance amount of Rs 30 lakh each to the families of CRPF personnel killed

NPA woes: India beats Italy to be world's worst non-performing loan ratio

RBI said in December that the ratio for banks fell for the first time since 2015, though it's still 'high for comfort'

HDFC Bank has no plans to cut down branch expansion to focus on tech: CEO

India is the fastest growing major economy in the world and banking services are yet to reach all the people, Puri added

An app may be stealing your bank data, RBI warns digital, UPI users

Digital security concerns have assumed greater importance amid the Modi government's efforts to steer India towards a less-cash, digital economy

SBI does not have any headroom to cut deposit rates: Chairman Rajnish Kumar

In the current situation if I cut the rate of interest then I will have a problem, says Kumar

RBI Governor to discuss rate cut transmission with bank chiefs on Feb 21

Commenting on mergers in the banking space, Finance Minister Arun Jaitley said India needs fewer and mega banks which are strong

Top 12 corporate NPAs cost exchequer twice as much as farm loan waivers

If recapitalisation of banks is welcomed, a farm loan waiver should be as acceptable

RBI working on strict, clear-cut clawback triggers for bank CEO pay

Linkage with RBI's compliance and inspection reports to be strengthened

Banks expect liquidity to remain tight in Q4 due to tax outflows: Survey

The eighth round of the survey for the period July to December 2018 witnessed participation of 23 banks.

First time in FY19, RBI turned net dollar buyer in Dec, bought $607 million

Between April and November 2108, the central bank had net sold $26.51 billion in the spot market against net purchase of $18.017 billion in the same period in 2017

IL&FS-led liquidity woes, Aadhaar ban roil NBFCs, micro-lending dips by 15%

The liquidity crisis at NBFCs triggered by the bankruptcy of IL&FS and the Supreme Court verdict banning use of the Aadhaar data for financial transactions have led to a 15 per cent drop in micro-lending by financial institutions for the December 2018 qua

How easy credit from shadow banks has begun to haunt Indian realty sector

The regulator for housing-finance firms has allowed an accumulation of illiquid long-term assets with liquid short-term liabilities

Citi India CEO lost RBI confidence

RBI had fined Citigroup's India unit Rs 3 crore for not fully following «fit and proper» criteria for the bank's directors

RBI withdraws 20% limit on investments by FPIs in corporate bonds

The RBI said the directions in this regard have been issued the Foreign Exchange Management Act

Allahabad Bank draws a road map to come out of PCA list by June

Allahabad Bank expects fresh capital infusion from the government by the end of this month or early next month

Meet Citi India CEO Pramit Jhaveri, the man who lost RBI confidence

RBI had fined Citigroup's India unit Rs 3 crore for not fully following «fit and proper» criteria for the bank's directors

RBI governor Shaktikanta Das rules out asset quality review of NBFCs

Shaktikanta Das also discussed the current regulations and requirements for investment in fixed income for FPIs

Will cut interest rates further once marginal cost of funds declines: SBI

SBI announced only a 0.05% cut in interest rate on home loans of up to Rs 30 lakh despite the RBI cutting the repo rate by 0.25% last week

Here are some steps that could be initiated against wilful defaulters

Defaulters cannot get additional finance from banks

Rupee's unexpected gains this week showcases RBI's pivot for markets

While a rate cut typically lowers a currency's yield appeal, it bolsters foreign inflows into local shares, which helps strengthen the rupee

Rupee gains further, opens 22 paise higher against US dollar

The domestic unit on Tuesday strengthened by 48 paise to close at one-month high of 70.70 against the dollar.

A $23 bn manager is betting on India's struggling real estate sector

Developers in India are struggling as loans become harder to get from non-bank lenders whose own funding is drying up

Easing core inflation sets stage for more interest rate cuts by RBI

Consumer-price growth reached 2.05 per cent in January, well below the Reserve Bank of India's medium term target of 4 per cent

Govt brings single regulator Bill for intl financial services centres in RS

Banking, capital markets and insurance sectors in IFSCs are regulated by multiple regulators at present

PSB bad loans under Mudra Yojana stand at Rs 7,277 cr: Govt to Parliament

Loans extended under PMMY from the inception of the scheme up to March 2018 were Rs 5.71 trn

How a small Tamil Nadu bank beat India's largest banks in the stock market

City Union Bank Ltd., a small lender based in Kumbakonam, has risen more than 27% over the last twelve months, the best performance of any Indian lender in the Bankex index after Axis Bank Ltd

S&P affirms Indian Overseas Bank rating at 'BB', keeps outlook stable

International rating agency S&P Global Monday affirmed credit rating of state-run Indian Overseas Bank (IOB) at 'BB' and 'B' on expectation of government's capital infusion. The lender's outlook has also been kept stable. The bank breached its regulator

Govt not considering any merger of PSBs at the moment: Reports

The process of amalgamation is going on according to the schedule, the sources said. They added that the other proposal would be considered after the stabilisation of this three-way merger.

Rupee opens 8 paise higher at 71.23 against US dollar

The domestic unit appreciated by 14 paise Friday to close at 71.31 against on persistent foreign fund inflows even as the greenback strengthened overseas amid fresh concerns over global growth.

Statsguru: RBI cuts inflation forecast, repo rate by 25 bps to 6.25%

RBI now expects inflation at 2.8 per cent in Q4FY19 and 3.2-3.4 per cent in H1FY20

Deposits in Jan Dhan accounts set to cross Rs 90,000 cr, shows govt data

The government has shifted the focus on accounts from 'every household' to 'every unbanked adult'

SBI, Oriental Bank put stressed assets on sale to recover Rs 5,740 in dues

The bulk of accounts up for sale by SBI are of small and medium enterprises that have dues amounting to Rs 4,667 crore

RBI MSME package to help recast Rs 1-trn loans for 700k accounts: Govt

The scheme announced by RBI is a one-time scheme wherein a loan tenor and interest rate can be revised without classifying the asset as an NPA

High credit-deposit ratio restricts banks' ability to cut interest rates

SBI reduces rates by 5 basis points on home loans up to Rs 30 lakh

Former RBI governor Y V Reddy slams govt for meddling in RBI affairs

Reddy said that by taking recourse to unprecedented practice of interim dividend, the government has compromised on the established mechanism of 'ways and means'
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