PSBs need nothing short of miracle to improve their performance, or else the only option is to wait for a slow, natural death
Small farmers are a long ignored segment; the new norms will likely change this
The total income rose to Rs 3,249.08 crore for the quarter ended March 31, 2015 from Rs 2,552.96 crore in the same period a year ago
Govt should give up dividend receipts at least until state-run banks tide over the tough phase
Bankers say given that most account holders already have existing bank accounts, they may not be eligible for overdraft
The minister said, however, that the government will prepare a roadmap to pursue a separate debt management agency later
The RBI has has cautioned eight other banks to put in place appropriate measures and review them from time to time to ensure strict compliance of KYC
For the fiscal year 2014-15, consolidated net profit stood at Rs 8,763 crore as against Rs 7,948 crore in 2013-14
The reduction in base rates has been in the range of 0.1-0.5 percent so far
HDFC Bank Ltd, India's second-biggest private sector lender by assets, said on Thursday it was optimistic of growing loans on the back of faster economic expansion after reporting net profit grew more than a fifth in the March quarter.
Overdraft facility under Pradhan Mantri Jan Dhan Yojna (PMJDY) would also be considered as priority sector lending
The deteriorating financial health of state-run banks is already visible in their earnings.
When the telecom sector was growing, there were similar problems which were solved through collaboration, said HR Khan
If indeed SBI has decided to kill the loan agreement with Adani, it definitely is a good business decision.
Arun Jaitley allowed himself to be conned by his tax babus who came up with a new ITR that would have made compliance more difficult instead of going after the really big crooks who may have salted black money abroad
The current push is the boldest since before the 2008 financial crisis
The new tax returns we have to file for the last financial year is more intrusive in the level of details its seeks from taxpayers. It could bring fear of the taxman into every home unless the law specifically prevents this from happening.
Finance minister Arun Jaitely has only deepened the mess in the banking sector by denying capital to weaker banks
Don't be surprised if you see the RBI's Twitter handle suddenly becoming active again
With banks falling in line somewhat, the first hurdle for future rate cuts is cleared; but the critical factor is the rains and crude prices
The move follows rate cuts initiated by leading players State Bank of India and HDFC Ltd in the past few days
If the common man has to benefit, the RBI will have to cut its policy rate further
Maharashtra is abolishing many road toll plazas, but this decision will prove costly in the long run. It puts a question-mark over future private investment in infrastructure
The cut in interest rate on home loans, with effect from tomorrow, is higher than the reduction of 0.15 per cent in base rate that came into force on 10 April.
The governor also said the change will be witnessed mostly in the social banking
RBI policy talks about easing the short term liquidity in the market, but it does not talk about the real challenge that the banks and corporate are facing.
In the policy document too, for the first time perhaps, lack of monetary transmission topped the list of RBI’s concerns even before inflation risks have found mention.
Banks may do well to cherry pick the assets gotten on conversion and sell those assets separately to various buyers
While a section of economists expect the RBI to cut rates today to support growth, others forecast the central bank to take a pause in view of the risk factors to inflation
In the speech rendered at the 80th anniversary celebrations of the Reserve Bank of India, the prime minister also sounded concerned about the farming community