• Tag results for banks

Indian Banks Association denies social media talks on ending free banking services

The industry body, however, said in a statement that banks will continue to review their transaction charges based on operational and commercial viabilities.

published on : 10th January 2018

Public Sector Banks' bad loans may peak in 2018

Provisioning to continue to bleed banks leading to sizeable haircuts next fiscal: Moody’s-ICRA

published on : 5th January 2018

Higher NPA provisioning to impact banks in 2018-19: ICRA

Moody's Investors Service today said the government's Rs 2.11 lakh crore capital infusion in PSU banks would narrow the gap between the capital profiles of public and private sector banks.

published on : 4th January 2018

Foreign Bank ATMs fell 18 per cent over last three years: Government

Presence of foreign bank ATMs in India have declined by 18 per cent over the last three years as some of them shut ATMs, while one bank closed operations here, according to official data.

published on : 31st December 2017

No income tax exemption to cooperative banks: Government

Jaitley said most of these banks provided standard banking facilities like opening of letters of credit, bill discounting and collection, lockers and safe deposit vaults and bank guarantees.

published on : 29th December 2017

'Banks imposing unreasonable fee for breach of minimum balance'

It said that banks like Yes Bank and Indian Overseas Bank have been imposing penal charges of over 100 per cent per annum on shortfall in maintenance of minimum balance in customers accounts.

published on : 28th December 2017

Divestment: Some profitable public sector banks too may be put on the block

The Niti Aayog, the official said, has already recommended a list of 23 PSUs for privatisation which are being looked at by the Department of Investment and Public Asset Management.

published on : 25th December 2017

Finance Ministry asks public sector banks to rationalise overseas, domestic branches

There is no point in running loss making branches and putting burden on the balance sheet, so banks should look at not only big savings but also small savings, sources said.

published on : 25th December 2017

Government, RBI rule out shutting down weak public sector banks

Giving a rare clarification, the RBI in a separate statement, said its Prompt Corrective Action (PCA) framework neither impacts banks’ daily functioning nor constrains regular operations.

published on : 23rd December 2017

Government, RBI working to lead Public Service Bank's back to recovery path

The government and RBI want to make a clean break of the $150-billion non-performing assets (NPA) mess and are working on a timetable to put PSBs back on the recovery path.

published on : 23rd December 2017

Banks lost Rs 16,789 crore to frauds in FY17: Government

Banks have also been the target of other crimes including bank robbery, theft, dacoity and burglary in 1,012 incidents.

published on : 23rd December 2017

Black money: India deal with Switzerland inked, automatic sharing of data from January 1, 2018

In a move aimed at combating black money stashed abroad, India signed an agreement with Switzerland today that would allow automatic sharing of tax-related information from January 1 next year.

published on : 21st December 2017

Most public sector banks didn't meet performance target to qualify for capital infusion

As part of Indradhanush Plan to revitalise state-owned lenders, the government had proposed to infuse Rs 70,000 crore out of Budgetary Allocations in them.

published on : 20th December 2017

Public-sector banks’ capital raising to improve credit growth, says Moody’s

Public-sector banks’ (PSBs) raising capital via securities is not only credit-positive, but will also improve their loss-absorbing capabilities, Moody’s said on Monday.

published on : 20th December 2017

Government fixed responsibility on big defaulters: Railway Minister Piyush Goyal

Railway Minister Piyush Goyal said this government has fixed responsibility on big defaulters and banks are being strengthened through various measures.

published on : 16th December 2017
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