Bank credit growth to remain slower in near term: Report

It said that though the interest rates of scheduled commercial banks are falling by 115bps from October 2019 to October 2020, pickup in the incremental credit has not been seen.

published on : 30th November 2020

Banks in India to see capital decline over 2 years without fresh infusion: Moody's

The 2021 outlook for banks in emerging markets is negative, while the outlook for insurers is stable, it said.

published on : 30th November 2020

Operations at PSU banks partially hit due to trade union strike

Bank unions claimed that in the clearing grids, about 20 lakh cheques worth about Rs 18,000 crore could not be sent for clearance due to the strike.

published on : 26th November 2020

Private banks to be crucial for banking growth

While private banks recorded sustained growth over the years, there’s a long way to break into the global top 100.

published on : 21st November 2020

RBI's internal working group moots raising promoter stake, allowing corporates to own banks

Whether to grant big corporations a banking licence is an issue which is as old as the exercise of granting licence itself.

published on : 21st November 2020

IBA, bank unions conclude wage revision negotiations

After three years of intense negotiations, bank employees' unions and IBA, on July 22, had entered into a memorandum of understanding for an annual wage hike of 15 per cent.

published on : 11th November 2020

Kasaragod's Belloor panchayat crippled without ATM, bank says thrust is on going digital

People of the border panchayat depend on ATMs in Karnataka and Mulleria but without bus, reaching there is a costly affair.

published on : 6th November 2020

Finance Ministry says no increase in service charges by any public sector bank

Bank of Baroda had made certain changes with effect from November 1, 2020, with regard to the number of free cash deposits and withdrawals per month, a Finance Ministry statement said.

published on : 3rd November 2020

Govt wants public sector banks to lend, but asset quality in doubt

Officials fear that once the forbearance period is over, NPAs will soar

published on : 1st November 2020

Rajasthan CM Ashok Gehlot writes to PM Narendra Modi, wants control over cooperative societies

Gehlot argued that recent amendments placing multi-state Cooperative Societies under the Centre's control were contrary to the basic spirit of the cooperative movement in the states.

published on : 22nd October 2020

‘Need able, competent handling of co-op banks’

The court, recording the submissions, adjourned the plea to December 3 for the Centre to submit its report.

published on : 20th October 2020

Banks sanction Rs 1.87 lakh cr to 50.7 lakh MSMEs under credit guarantee scheme

The loan amounts sanctioned by PSBs increased to Rs 81,648.82 crore, of which Rs 68,814.43 crore has been disbursed as of October 5, Sitharaman said.

published on : 8th October 2020

Kadapa man on a mission to save lives by donating 'drops of life'

Under such circumstances, 31-year-old Pattupogula Pavan Kumar, an engineering graduate, took it upon himself to motivate people and volunteer to donate blood.

published on : 4th October 2020

Finance Ministry may provide capital support to some PSBs in third quarter

The second-quarter result will give an idea as to which bank may require regulatory capital and accordingly recapitalisation bonds would be issued to them, sources said.

published on : 27th September 2020

Public sector banks on-board one-crore account holders on digital payment modes in a month

The campaign, aimed at encouraging customers to use digital banking channels, was launched on August 15 under the aegis of the government's Digital India initiative.

published on : 25th September 2020
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