Banking Sector

Showing of 1 - 20 from 157 results
Banking Sector - Total results - 157
Economic recovery taking hold, private investment should resume, says Shaktikanta Das
Business

Economic recovery taking hold, private investment should resume, says Shaktikanta Das

Lauding tech entrepreneurs, the RBI governor said the country has emerged as a top performer in the startup landscape, attracting billions of foreign capital

DICGC asks 21 stressed cooperative banks to prepare list of account holders
Business

DICGC asks 21 stressed cooperative banks to prepare list of account holders

DICGC has also asked the banks to circulate consent forms to account holders for accessing funds up to Rs 5 lakh as per the amended law within 90 days

Indian economy on track for recovery in next fiscal but banking sector to show improvement by 2023, says S&P
Business

Indian economy on track for recovery in next fiscal but banking sector to show improvement by 2023, says S&P

S&P Global Ratings said India faces a permanent loss of output versus its pre-pandemic path, suggesting a long-term production deficit equivalent to about 10 percent of GDP

India's most valuable companies likely to lose $25 bn of brand value as COVID-19 pandemic wreak havoc: Brand Finance report
Business

India's most valuable companies likely to lose $25 bn of brand value as COVID-19 pandemic wreak havoc: Brand Finance report

Brand Finance has assessed the impact of COVID-19 based on the effect of the outbreak on enterprise value, compared to what it was on 1 January 2020

Govt may need to pump $20 bn into coronavirus-hit state banks; soured assets likely to double: Report
Business

Govt may need to pump $20 bn into coronavirus-hit state banks; soured assets likely to double: Report

The government has already pumped in Rs 3.5 lakh crore to shore up state-owned banks in the last five years.

Coronavirus Outbreak: SBI says difficult to take medium, long-term impact on banking sector during lockdown
Business

Coronavirus Outbreak: SBI says difficult to take medium, long-term impact on banking sector during lockdown

The SBI official also said the Indian Banks Association (IBA) is also evaluating measures, which can be taken by the banks in this situation

Markets extend gains: Sensex up 371 points, Nifty closes near 9,400-mark; IndusInd Bank jumps 17%
Business

Markets extend gains: Sensex up 371 points, Nifty closes near 9,400-mark; IndusInd Bank jumps 17%

IndusInd bank surged by 17 percent post-management relieved investor concerns over financials.

Mega-merger of PSU banks on schedule: 6 banks cease to exist from today; experts say exercise will not be smooth, seamless
Business

Mega-merger of PSU banks on schedule: 6 banks cease to exist from today; experts say exercise will not be smooth, seamless

Experts said bank merger at this point of time will not be very smooth and seamless. However, heads of the anchor banks are exuding confidence.

Yes Bank crisis: Indian banks well capitalised, no reason to worry, says CEA Krishnamurthy Subramanian, allaying fears about sector
Business

Yes Bank crisis: Indian banks well capitalised, no reason to worry, says CEA Krishnamurthy Subramanian, allaying fears about sector

After what all unfolded about the crisis-hit Yes Bank recently, top government functionaries including Finance Minister, RBI Governor and the CEA have been trying to assuage panicked investors.

Axis Bank hints at raising stake in Max Life Insurance Co; lender may eye over 20% share: Report
Business

Axis Bank hints at raising stake in Max Life Insurance Co; lender may eye over 20% share: Report

The last major deal done by Axis Bank was an acquisition of digital payments company Freecharge in 2017 for Rs 385 crore

Economic growth set to bounce back as slump bottoms out; govt takes steps to boost investment: Official
Business

Economic growth set to bounce back as slump bottoms out; govt takes steps to boost investment: Official

Sanyal said economic growth was set to accelerate to 6 percent in the financial year beginning in April, compared with an estimated growth of 5.0 percent in the current one

Banking sector in India under 'stress', govt not in a position to bail it out, says Abhijit Banerjee
Business

Banking sector in India under 'stress', govt not in a position to bail it out, says Abhijit Banerjee

Speaking to the media on the sidelines of the 13th Jaipur Literature Festival, Abhijit Banerjee said the demand slowdown in the automobile sector also shows that people are lacking confidence in the economy

No harm in disputing IMF projections on India, but cannot ignore hard realities on growth front
Business

No harm in disputing IMF projections on India, but cannot ignore hard realities on growth front

In January 2019, IMF’s forecast for India was 7.5 percent. This was revised down to 7.3 percent in April, further down to 7 percent in July, 6.1 percent in October and now to 4.8 percent.

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.

Nirmala Sitharaman says states refusing to implement CAA is 'unconstitutional', all have responsibility to ensure law is enforced
India

Nirmala Sitharaman says states refusing to implement CAA is 'unconstitutional', all have responsibility to ensure law is enforced

Defending the Citizenship (Amendment) Act, Nirmala Sitharaman maintained there was no necessity to mix up the National Register of Citizens (NRC) and National Population Register with the CAA and appealed to those opposing the act not to make allegations that would lead to unrest among the public.

Collaboration using blockchain technology is key to solving a lot of systemic issues in banking sector says IBM's Jitan Chandanani
News & Analysis

Collaboration using blockchain technology is key to solving a lot of systemic issues in banking sector says IBM's Jitan Chandanani

In the first phase of this network, the banks set up a live network for supply-chain vendors across India to register themselves

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.

Nirmala Sitharaman to meet CEOs of state-owned banks tomorrow; to review financial performance of lenders, business growth
Business

Nirmala Sitharaman to meet CEOs of state-owned banks tomorrow; to review financial performance of lenders, business growth

Given the importance of the banking sector in generating demand and boosting consumption, sources said Nirmala Sitharaman's meeting with the MD and CEOs of PSBs ahead of the Budget 2020-21 is considered important.

Current economic conditions may pose challenges to banking sector, says Shaktikanta Das; urges banks to tackle stressed assets resolution in a co-ordinated manner
Business

Current economic conditions may pose challenges to banking sector, says Shaktikanta Das; urges banks to tackle stressed assets resolution in a co-ordinated manner

Shaktikanta Das' remarks come amid a slowdown in economic growth to a six-year-low at 4.5 percent for the September quarter. The RBI has also cut its growth estimate sharply to 5 percent for the fiscal year