Business  /  Published 28.11.20

Banks want to tag bad loans

The Indian Banks’ Association on Friday urged the Supreme Court to vacate its stay on declaring the assets of loan defaulting companies as NPAs even as the Confederation of Real Estate Developer...
By Our Legal Correspondent in New Delhi

Business  /  Published 24.11.20

Banks: not easy for big boys

The proposal by an RBI panel to let industrial houses set up banks and large NBFCs convert themselves into banks have enough deterrents to stop the big players in their tracks. In fact, the RBI had c...
By Our Special Correspondent in Mumbai

Business  /  Published 03.11.20

No increase in bank charges, says ministry

The Finance Ministry on Tuesday said that there has been no increase in service charges by any public sector bank even as Bank of Baroda decided to withdraw changes made with regard to the number of f...
By Our Bureau and Agencies in New Delhi

Business  /  Published 02.11.20

Rural banks get Rs 670cr prop

The Union government has provided Rs 670 crore to regional rural banks (RRBs) considering their importance in agriculture finance during these difficult times. Of the 43 RRBs, about one-third, especi...
By PTI in New Delhi

Business  /  Published 14.10.20

BoE alert on sub-zero interest rate

The Bank of England has asked commercial banks whether they are ready for negative interest rates, signaling that the central bank is moving closer to cutting its key interest rate below zero. If the...
By AP via PTI in London

Business  /  Published 10.09.20

Satchet-sized credit only way to survive: Acharya

SBI managing director Arijit Basu warned that banks should not solely focus on the retail segment as sluggish growth can impact this category of loans. “A complete shift to retail may not be in ...
By Our Special Correspondent in Mumbai

Opinion  /  Published 01.09.20

Different ideas: Two scholarly expositions

Urjit Patel’s virtual dismissal and Viral Acharya’s resignation from the Reserve Bank of India are old news. Its capture by the Delhi government is extreme even by Indian standards; but no...
By Ashok V. Desai in

Business  /  Published 29.08.20

Dinesh Khara to lead SBI

The Banks Board Bureau (BBB) on Friday recommended Dinesh Kumar Khara as the next chairman of State Bank of India (SBI). At present, Khara is the managing director of the country’s largest lend...
By Our Special Correspondent in Mumbai

Business  /  Published 24.08.20

Contrarian view on banks

Chief economic adviser Krishnamurthy Subramanian on Sunday said there should be more banks in operation in the country, which will increase competition and ensure faster transmission of policy rates t...
By A Staff Reporter in Calcutta

Business  /  Published 22.08.20

Banks require Rs 2 lakh crore

The country’s largest lender SBI on Friday said its board has approved a proposal to raise Rs 8,931 crore by issuing Basel III compliant bonds to investors. The committee of directors for capit...
By Our Special Correspondent in New Delhi


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