Banking Sector

Showing of 41 - 60 from 157 results
Banking Sector - Total results - 157
Tata Steel's Q1 consolidated steel output grows 9% to 7.61 MT, production in India up 20% YoY
Business

Tata Steel's Q1 consolidated steel output grows 9% to 7.61 MT, production in India up 20% YoY

In India, the company said that liquidity issues in the NBFC and banking sector along with rural stress have negatively impacted sentiments

Proposed Rs 70,000-cr capital infusion into public sector banks credit positive, to boost economy: S&P
Business

Proposed Rs 70,000-cr capital infusion into public sector banks credit positive, to boost economy: S&P

The capital infusion will help some banks to come out of the central bank's prompt corrective action (PCA) and resume lending and clean up their balance sheets, she added.

Economy will tide over short-term challenges, important to stay optimistic, says HDFC chairman Deepak Parekh
Business

Economy will tide over short-term challenges, important to stay optimistic, says HDFC chairman Deepak Parekh

In a letter to the shareholders, Parekh said he is confident the new govt will prioritise re-instilling a culture of trust across the banking sector

RBI’s financial stability report: Why it’s high time Shaktikanta Das did a Raghuram Rajan-style AQR before shadow bank crisis blows up
Business

RBI’s financial stability report: Why it’s high time Shaktikanta Das did a Raghuram Rajan-style AQR before shadow bank crisis blows up

The RBI’s worry is not without reason. In the recent past, two NBFCs have faced a major crisis situation—IL&FS and DHFL—on account of a severe liquidity shortage.

RBI will continue to monitor activity, performance of shadow banking sector; final guidelines to be issued soon: Shaktikanta Das
Business

RBI will continue to monitor activity, performance of shadow banking sector; final guidelines to be issued soon: Shaktikanta Das

The RBI chief also urged Indian public sector banks (PSBs) to not depend solely on government capital infusions to solidify their balance sheets.

Fitch downgrades ICICI Bank, Axis Bank rating by a notch; India's banking sector expected to be below-average over next two years
Business

Fitch downgrades ICICI Bank, Axis Bank rating by a notch; India's banking sector expected to be below-average over next two years

Fitch further said ICICI Bank's core capitalisation is higher than that of most other Indian banks

Lok Sabha Election 2019: Why investors want Narendra Modi back for another term rather than a fractured Congress-led coalition
Business

Lok Sabha Election 2019: Why investors want Narendra Modi back for another term rather than a fractured Congress-led coalition

The Indian economy's biggest disadvantage is its weak political Opposition that can’t offer a better roadmap for the economy than what the Narendra Modi-government has done so far

SC quashes RBI’s 12 February circular: Judiciary has watered down India’s hard-won reform progress on quicker NPA resolution
Business

SC quashes RBI’s 12 February circular: Judiciary has watered down India’s hard-won reform progress on quicker NPA resolution

The judiciary should have let the RBI run the NPA clean up process in the way it deems fit but decided to meddle with the process.

BoB, Dena and Vijaya Bank merger: India’s third-largest lender is here, but does this exercise make real sense?
Business

BoB, Dena and Vijaya Bank merger: India’s third-largest lender is here, but does this exercise make real sense?

This is a merger of two healthy banks with one weak, capital-starved, NPA-ridden candidate and it is easy to see who stands to gain the most

GDP at 6-quarter low of 6.6%: Growth numbers may not be telling us whole story yet; reality is often masked in statistics
Business

GDP at 6-quarter low of 6.6%: Growth numbers may not be telling us whole story yet; reality is often masked in statistics

Post the disappointing October-December GDP figures, achieving even 7% full year growth seems to be a tough task for Indian economy

EPF interest hike by 10 bps is significant: It gives savers higher returns but banks have to walk tightrope now
Business

EPF interest hike by 10 bps is significant: It gives savers higher returns but banks have to walk tightrope now

With the EPF announcing an increase in the rate by 10 bps is significant because the organization belongs to the government

Finance Minister Piyush Goyal to meet CEOs of public sector banks today, discuss ways to improve financial health
Business

Finance Minister Piyush Goyal to meet CEOs of public sector banks today, discuss ways to improve financial health

Piyush Goyal, who was given additional charge of the finance ministry last Wednesday as Arun Jaitley is away to the US for a treatment, is his expected to discuss a host of issues including credit offtake and bad loan position of lenders.

Trade unions strike: Banking operations partially affected; SBI, private sector banks remain unaffected
Business

Trade unions strike: Banking operations partially affected; SBI, private sector banks remain unaffected

AIBEA and the BEFI have supported the strike, which impacted banking operations where these two unions are strong

Bank of Baroda, Dena, Vijaya Bank merger: No real winners here; one bad apple can spoil the whole bunch
Business

Bank of Baroda, Dena, Vijaya Bank merger: No real winners here; one bad apple can spoil the whole bunch

This is a merger of two healthy banks with one weak, capital-starved, NPA-ridden candidate and it is easy to see who stands to gain the most

Year 2018 showed us farmer suicides and agri distress aren't fake news; will 2019 be any different for the kisan?
Business

Year 2018 showed us farmer suicides and agri distress aren't fake news; will 2019 be any different for the kisan?

Suicides by farmers despite the rollout of freebies should be an important lesson to the government that waiving off farm loans is hardly a way to address farm distress, either in the short-term or long-term.

Year of exits: Borrowers left country as loans went kaput; CEOs forced to leave and RBI governor quits too
Business

Year of exits: Borrowers left country as loans went kaput; CEOs forced to leave and RBI governor quits too

Shikha Sharma was denied extension by the RBI as managing director of Axis Bank, the third largest private sector lender.

Shaktikanta Das says RBI will consult more closely with govt on policy issues, focus on banking sector
Business

Shaktikanta Das says RBI will consult more closely with govt on policy issues, focus on banking sector

While offering assurances that he would defend the RBI's autonomy, Das said it also needed to take the government’s views on board.

No liquidity crisis for any segments except gems and jewellery sector, says govt nominee on RBI board
Business

No liquidity crisis for any segments except gems and jewellery sector, says govt nominee on RBI board

The spike in the cost of funds is due to an increased risk perception, and not due to lack of liquidity in the system.

World Bank Ease of Doing Business ranking: Why strong and efficient laws like IBC create a conducive environment for biz
Business

World Bank Ease of Doing Business ranking: Why strong and efficient laws like IBC create a conducive environment for biz

the dual mechanism of insolvency and thereafter liquidation creates an efficient system of Insolvency Laws, which is very critical for the development of any economy.

Sensex up 530 points over value buying; banking stocks soar over 2.50%, ICICI Bank, SBI, Axis Bank top gainers
Business

Sensex up 530 points over value buying; banking stocks soar over 2.50%, ICICI Bank, SBI, Axis Bank top gainers

All the 19 sectors on the BSE gained, with banking and finance counters leading. Healthy gains were witnessed in export-oriented stocks like healthcare and IT counters.