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
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
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
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
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
In a normal scenario, these suggestions make sense. But, the state of Indian banking sector is far from normal.
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.
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
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
One thing that can indeed be said with certainty is that the effort by Prime Minister Narendra Modi in November 2016 was a gamble.
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
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
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
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
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 technology has the potential reduce costs of cross-border transactions for banks. However, it could put pressure on their fees and commissions
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
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.
The sole purpose of supplying Rs 200 notes through ATMs is to ensure more number of lower denomination currency in citizens' hands
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