Banking And Finance Sector

Banking And Finance Sector News

IDBI shares zoom 18% after Finance Minister Nirmala Sitharaman announces sale of balance govt holding
Business

IDBI shares zoom 18% after Finance Minister Nirmala Sitharaman announces sale of balance govt holding

The government's balance holding in IDBI bank will be sold to private retail investors.

Budget 2020: NBFCs offering gold loans can meet part of unmet credit demand, boost growth; here's how
Business

Budget 2020: NBFCs offering gold loans can meet part of unmet credit demand, boost growth; here's how

Gold loans provided by NBFCs should get equal and fair treatment at par with the banks

Budget 2020: Banking sector is feeling the heat of economic slowdown; can Nirmala Sitharaman clear the mess?
Business

Budget 2020: Banking sector is feeling the heat of economic slowdown; can Nirmala Sitharaman clear the mess?

In a normal scenario, these suggestions make sense. But, the state of Indian banking sector is far from normal.

Union Budget 2020: Finance Minister Nirmala Sitharaman has her task cut out for crisis-ridden banking sector
Business

Union Budget 2020: Finance Minister Nirmala Sitharaman has her task cut out for crisis-ridden banking sector

In a normal scenario, these suggestions make sense. But, the state of Indian banking sector is far from normal.

In 2020, muted credit growth, not bad loans, will be banks’ main concern; a lot will depend on early economic rebound
Business

In 2020, muted credit growth, not bad loans, will be banks’ main concern; a lot will depend on early economic rebound

In the first seven months of the current financial year, the credit growth to large industries contracted by 3.4 percent as against a growth of 0.2 percent in the year-ago period.

Banks' asset quality improves as NPAs remain stable at 9.1% as of September: RBI report
Business

Banks' asset quality improves as NPAs remain stable at 9.1% as of September: RBI report

As the bad loan recognition process nears completion, the health of the banking system has improved with the gross non-performing loan ratio remaining stable at 9.1 percent as of September-end, the same level as in FY19, according to the RBI

Financial sector firms pitch for tax break, GST reduction at pre-Budget meeting with Nirmala Sitharaman
Business

Financial sector firms pitch for tax break, GST reduction at pre-Budget meeting with Nirmala Sitharaman

Financial sector players on Monday demanded reduction of GST on term insurance for increasing its penetration and streamlining KYC norms to expand financial inclusion

Banks around the world are increasingly relying on AI to drive their business; here's why
Biztech

Banks around the world are increasingly relying on AI to drive their business; here's why

Machine Learning, Deep Learning, NLP Platforms, Predictive APIs and Image and Speech Recognition are some core AI technologies used in BFSI today