State Bank of India to add 14,000 people to its workforce in 2020
In a media statement the lender also clarified that its recent offering with regard to on tap voluntary retirement scheme should not be seen as an austerity measure.
Banks' NPAs in large industry, services fall 31% in over two years to Rs 4.36 lakh crore
"As per Reserve Bank of India (RBI) data on domestic...
Banks gear up for due diligence ahead of loan recast programme
The committee is likely to suggest separate restructuring rules for the top si...
AC Muthiah declared as 'wilful defaulter' by IDBI Bank
In a public notice, the bank said AC Muthiah and Farouk Irani, promoter director of First Leasing Company of India, defaulted on Rs 508.40 crore plus other expenses as on August 27.
UCO Bank yet to undertake asset quality study, cites SC order for delay
UCO Bank MD and CEO A K Goel had earlier said the lender would like to ascertain its asset quality, once the moratorium period ceases on August 31.
State Bank of India and Bank of Baroda grab the biggest pie of Jan Dhan outstanding
The total banking sector outstanding Jan Dhan deposits jumped to Rs 1.31 lakh crore at the end of August 19 from Rs 1.20 crore at the beginning of the fiscal. This reflects higher farm income following a good Rabi harvest as well as a fall in discretionary spending amid Coronavirus pandemic, senior bankers tracking the rural economy said.
Banks should develop models based on data and analytics: CEA K V Subramanian
Banks, including private sector banks, should use this opportunity to develop models based on data and analytics: Chief Economic Adviser K V...
Rajiv Lall resigns from chairmanship of IDFC First Bank
Lall in his communication further mentioned that in view of his prolonged health issues the bank had thought through a succession plan for the role that he is vacating. The new appointment is subject to RBI approval and will facilitate a smooth transition.
Zebu banking on SEBI's new framework of collecting up-front margins to further bolster growth
The company said that the volumes of transactions had gone up through the lockdown period and there has been renewed interest from inactive customers as well. Further, a number of enquiries have come in from people who were keen on entering the market at this point, most of whom were under 40 years of age.
Fintech the way forward for Indian banking, payment system, says SBI MD
Giving the example of SBI, he said, 91 per cent of jobs are being done digitally now, which was unthinkable 35 years ago.
Aditya Puri conferred Lifetime Achievement Award by Euromoney 2020
“I humbly accept this recognition on behalf of each one of them. And the journey wouldn’t have been as good without the support of one and all who have been a part of this.”
ED imposed penalties on Standard Chartered Bank Rs 100 cr for FEMA breach
The Special Director of Enforcement, Chennai has imposed penalties of Rs 100 crore on Standard Chartered Bank, of Rs 17 crore on Tamilnad Me...
View: State banks are in dire straits. There's only one way to save them
Despite their eroding market share, PSBs may still hold value if they are sold to strategic investors with management control without losing time. Private equity investors that are piling on to private banks wouldn’t touch State-run banks with a bargepole if GoI retains a stake, let alone 26% and a say in their management.
FM asks banks and NBFCs to roll out resolution schemes by September 15
The finance ministry has also been in touch with the RBI to ensure that the lenders are assisted by the central bank during the resolution process, the statement said.
Armed with capital private sector banks set to corner more market share
Private banks' enhanced capital bases during the pandemic have now further strengthened their ability to recognise losses up-front with less disruption in their efforts to accelerate market-share gains.