Banking System

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Banking System - Total results - 39
Only way a bank can survive is by growing or else NPAs will become unmanageable: KV Kamath tells Network18
India

Only way a bank can survive is by growing or else NPAs will become unmanageable: KV Kamath tells Network18

The interest rates have started dropping, but they need to drop even further if the banks have to come around without too much pain, veteran banker KV Kamath tells Network18 Group Editor-in-Chief Rahul Joshi in an exclusive interview.

Bank shares tank after Moody''s changes outlook on Indian banks to negative; deterioration in banks' asset quality expected
Business

Bank shares tank after Moody''s changes outlook on Indian banks to negative; deterioration in banks' asset quality expected

Banks were the biggest drag for the 30-share BSE barometer which ended 674.36 points lower at 27,590.95.

Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers
Business

Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers

Bank shares on Friday dropped up to 15 percent after Moody's Investors Service changed the outlook for the Indian banking system to negative from stable

COVID-19 impact: Moody's changes outlook on Indian banks to negative from stable; move triggered by disruption in economic activity
Business

COVID-19 impact: Moody's changes outlook on Indian banks to negative from stable; move triggered by disruption in economic activity

Moody's said Banks' asset quality will deteriorate across the corporate, small and medium enterprises and retail segments, leading to pressure on profitability and capital.

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.

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.

Gross NPAs of banks may fall to 8% by March 2020, but NBFCs may continue to face challenges: Report
Business

Gross NPAs of banks may fall to 8% by March 2020, but NBFCs may continue to face challenges: Report

The system has been afflicted by the scourge of high NPAs for nearly five years now, which has led to networth erosion and also led to discovery of scams in the sector.

Demonetisation good move to boost economy though people faced hardships, says HDFC MD Aditya Puri
Business

Demonetisation good move to boost economy though people faced hardships, says HDFC MD Aditya Puri

Aditya Puri also backed the Narendra Modi government's endeavour to promote digitisation in the banking system

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

Hard lessons from demonetisation: Try a long-term way to combat black money, avoid Bollywood-style hold-ups
Business

Hard lessons from demonetisation: Try a long-term way to combat black money, avoid Bollywood-style hold-ups

One thing that can indeed be said with certainty is that the effort by Prime Minister Narendra Modi in November 2016 was a gamble.

Hike in small savings rates: Govt may reduce market borrowing in second of FY18, says report
Business

Hike in small savings rates: Govt may reduce market borrowing in second of FY18, says report

Interest rates for small savings schemes are notified on a quarterly basis.

RBI data on demonetisation: NDA's disruptive economic move has some hits, but main targets are missed
Business

RBI data on demonetisation: NDA's disruptive economic move has some hits, but main targets are missed

It does appear that demonetisation has brought back all the cash to the system meaning thereby that cash is still very important.

Reserve Bank of India releases draft norms to modify loan system in order to bring discipline among large borrowers
Business

Reserve Bank of India releases draft norms to modify loan system in order to bring discipline among large borrowers

The Reserve Bank on Monday came out with draft guidelines on loan system for delivery of bank credit to improve discipline among larger borrowers

NPA crisis: Bankers brainstorm with finance minister Piyush Goyal on improving sector's heath, credit flow
Business

NPA crisis: Bankers brainstorm with finance minister Piyush Goyal on improving sector's heath, credit flow

Goyal said the banks may also consider having an oversight company with retired judges or vigilance officers to advise on the health of the banks

ATMs run dry: Lessons learnt from demonetisation seem to be forgotten as cash becomes king again
Business

ATMs run dry: Lessons learnt from demonetisation seem to be forgotten as cash becomes king again

People fear that cash is safer at home than in banks and this is further fueled by the string of scams and frauds that have hit banks

Blockchain to have mixed implication on global banking system, says Moody's report
Business

Blockchain to have mixed implication on global banking system, says Moody's report

Blockchain technology has the potential reduce costs of cross-border transactions for banks. However, it could put pressure on their fees and commissions

Banks' gross NPAs may rise to Rs 9.5 lakh cr by March since last year: Assocham-Crisil study
Business

Banks' gross NPAs may rise to Rs 9.5 lakh cr by March since last year: Assocham-Crisil study

With banks expected to make higher provisioning over and above provisions made for stressed assets, they may sell assets at lower discounts, says report

Under pressure from govt, SBI may further cut Rs 3,000 monthly balance requirement; introduce quarterly rule
Business

Under pressure from govt, SBI may further cut Rs 3,000 monthly balance requirement; introduce quarterly rule

Earlier, SBI had fixed Rs 5,000 as MAB limit for metro city customers, Rs 3,000 for urban, Rs 2,000 for semi-urban and Rs 1,000 for rural customers.

Soon, you will get new Rs 200 notes in ATMs as RBI asks banks to recalibrate cash machines
Business

Soon, you will get new Rs 200 notes in ATMs as RBI asks banks to recalibrate cash machines

The sole purpose of supplying Rs 200 notes through ATMs is to ensure more number of lower denomination currency in citizens' hands

RBI may go in for 25 bps rate cut in April to signal lower lending rate regime, says BofAML report
Business

RBI may go in for 25 bps rate cut in April to signal lower lending rate regime, says BofAML report

RBI in its fifth bi-monthly review of this fiscal had kept repo rate unchanged at 6 percent and reverse repo at 5.75 percent