Banks need additional $70bn to support $5-tn economy: SBI chairman

Banks need additional $70bn to support $5-tn economy: SBI chairman

Though well-capitalised, the banking system will require fresh capital of $70 billion to support Ind..

RBI tightens NPA upgradation norms for banks

RBI tightens NPA upgradation norms for banks

The Reserve Bank of India (RBI) has directed banks not to upgrade non-performing assets (NPAs) as ‘s..

RBI revises PCA norms for banks

RBI revises PCA norms for banks

The Reserve Bank of India (RBI) has dropped profitability from the list of criteria for putting bank..

India needs 4-5 more SBI sized big banks: FM Nirmala Sitharaman

India needs 4-5 more SBI sized big banks: FM Nirmala Sitharaman

The coronavirus pandemic has only accelerated India’s need to have 4-5 more SBI sized banks, Finance..

Banks can sell fraud loans to ARCs: RBI

Banks can sell fraud loans to ARCs: RBI

The Reserve Bank of India (RBI) has allowed lenders to sell loans classified as fraud to asset recon..

Banks cut rates on retail loans to boost demand

Banks cut rates on retail loans to boost demand

Banks are luring customers with lower interest rates as part of a festive offer as the market has sh..

Banks want govt to ease pressure on Vodafone Idea

Banks want govt to ease pressure on Vodafone Idea

Banks led by State Bank of India (SBI) have called on the Indian government to give debt-laden Vodaf..

RBI slaps fine on 2 co-operative banks

RBI slaps fine on 2 co-operative banks

The Reserve Bank of India (RBI) has slapped a fine of Rs 50 lakh on Bombay Mercantile Co-operative B..

10 banks in list to manage LIC’s mega IPO

10 banks in list to manage LIC’s mega IPO

Life Insurance Corp of India’s mega initial public offering (IPO) will be handled by 10 investment b..

Govt approves term extensions of 3 CEOs and 10 EDs of PSU banks

Govt approves term extensions of 3 CEOs and 10 EDs of PSU banks

Three chief executives and 10 executive directors of public sector banks have got tenure extensions...

RBI panel proposes 4-tier structure for urban co-operative banks

RBI panel proposes 4-tier structure for urban co-operative banks

The Reserve Bank of India’s expert committee on urban co-operative banks (UCBs) has proposed a four-..

No specific proposal to merge more PSU banks: Govt

No specific proposal to merge more PSU banks: Govt

There is no specific proposal to amalgamate more public sector banks which is currently under consid..

Small finance banks showing healthy profitability: RBI paper

Small finance banks showing healthy profitability: RBI paper

Small finance banks (SFB), which started in 2017 as a new category of banks, are serving the intende..

10 banks set up secondary market for corporate loans

10 banks set up secondary market for corporate loans

Ten major banks, including State Bank of India, ICICI Bank, Canara Bank and Standard Chartered Bank,..

RBI to fine banks if ATMs run dry

RBI to fine banks if ATMs run dry

The Reserve Bank of India (RBI) will impose penalty on banks in case ATMs run out of cash effective ..