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.
The 2021 outlook for banks in emerging markets is negative, while the outlook for insurers is stable, it said.
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.
While private banks recorded sustained growth over the years, there’s a long way to break into the global top 100.
Whether to grant big corporations a banking licence is an issue which is as old as the exercise of granting licence itself.
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.
People of the border panchayat depend on ATMs in Karnataka and Mulleria but without bus, reaching there is a costly affair.
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.
Officials fear that once the forbearance period is over, NPAs will soar
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.
The court, recording the submissions, adjourned the plea to December 3 for the Centre to submit its report.
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.
Under such circumstances, 31-year-old Pattupogula Pavan Kumar, an engineering graduate, took it upon himself to motivate people and volunteer to donate blood.
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.
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.