Basel Iii

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Basel Iii - Total results - 68
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.

Indian Overseas Bank Q4 loss narrows to Rs 1,985 crore on reduction in bad loans and provisioning
Business

Indian Overseas Bank Q4 loss narrows to Rs 1,985 crore on reduction in bad loans and provisioning

Total income during the quarter was down at Rs 5,473.92 crore from Rs 5,814.42 crore in the year-ago period, the bank said in a regulatory filing

Kotak Mahindra Bank Q3 profit rises 23% to Rs 1,291 crore on higher net interest income; gross NPAs decline to 2.07%
Business

Kotak Mahindra Bank Q3 profit rises 23% to Rs 1,291 crore on higher net interest income; gross NPAs decline to 2.07%

Kotak Mahindra Bank had posted a standalone net profit of Rs 1,053 crore in the October-December quarter of the last fiscal

Indian norms on capital requirements, prompt corrective action are conservative: SBI report
Business

Indian norms on capital requirements, prompt corrective action are conservative: SBI report

The SBI report compared the Indian PCA framework with the US' Federal Deposit Insurance Corporation (FDIC).

Punjab National Bank to seek shareholders' approval for issuing up to 10 crore shares to employees
Business

Punjab National Bank to seek shareholders' approval for issuing up to 10 crore shares to employees

Under the Employee Stock Purchase Scheme (ESPS), Punjab National Bank proposes to issue new shares to its employees, including the managing director and executive directors

Rs 11,000 cr Nirav Modi case: How Punjab National Bank fell victim to one of India's biggest bank frauds
Business

Rs 11,000 cr Nirav Modi case: How Punjab National Bank fell victim to one of India's biggest bank frauds

Punjab National Bank has accused three companies - Solar Exports, Stellar Diamonds and Diamond R US - it said belong to Nirav Modi.

Public sector banks need Rs 2 trillion capital for 8-9% lending growth in FY19: India Ratings
Business

Public sector banks need Rs 2 trillion capital for 8-9% lending growth in FY19: India Ratings

In October last year, the government had announced a Rs 2.11 lakh crore bank recapitalisation plan spread over two fiscals, 2017-18 and 2018-19.

State Bank of India to raise Rs 5,000 cr through long-terms bonds for affordable housing
Business

State Bank of India to raise Rs 5,000 cr through long-terms bonds for affordable housing

The proposed bond raising programme aims at funding infrastructure and affordable housing, SBI said in a filing to stock exchanges.

Govt likely to stick to deficit target, may step up bank reform, says PMEAC member Surjit Bhalla
Business

Govt likely to stick to deficit target, may step up bank reform, says PMEAC member Surjit Bhalla

Economic growth slipped to its lowest level in three years in the first quarter, logging an annual rate of 5.7 percent

Basel-III: Fitch reduces Indian banks' capital need to $65 bn from $90 bn on weaker loan growth
Business

Basel-III: Fitch reduces Indian banks' capital need to $65 bn from $90 bn on weaker loan growth

Capital requirements at Indian state-run lenders remained hefty due to several factors, including low common equity ratios and provisioning requirements for new loans, according to Fitch Ratings.

Govt to speed up state-run bank mergers to strengthen sector, boost economic revival
Business

Govt to speed up state-run bank mergers to strengthen sector, boost economic revival

Nine of the 21 state-run banks reported a net loss for the last financial year ended March. Thirteen had posted losses the previous financial year.

Central Bank of India raises Rs 500 cr through bonds at an interest rate of 8.62 percent
Business

Central Bank of India raises Rs 500 cr through bonds at an interest rate of 8.62 percent

The bank will offer an interest rate of 8.62 per cent per annum to the bond holders

Budget 2017 sticks to bank spending plan, no bumper recapitalization yet
Business

Budget 2017 sticks to bank spending plan, no bumper recapitalization yet

The government's shock move in November to replace about 86 percent of currency in circulation will delay the clean-up of bad loans beyond a March 2017 deadline, bankers and analysts say.

Public sector banks need Rs 2.5 lakh crore capital over 3 years: S&P
Business

Public sector banks need Rs 2.5 lakh crore capital over 3 years: S&P

International rating agency S&P Global Ratings today said that Indian state-run banks will need Rs 2.5 lakh crore capital infusion over the next three years to meet Basel-III requirements.

Bank employee strike: Why the trade unions are fighting a losing battle
Business

Bank employee strike: Why the trade unions are fighting a losing battle

Each bank strike causes disruptions to the general public even though the effectiveness of bank strikes, over the years, have weakened

Govt needs to pump in more liquidity in PSBs than budgeted: Moody's
Business

Govt needs to pump in more liquidity in PSBs than budgeted: Moody's

Moody's estimates that the 11-rated PSBs need Rs 1.2 lakh crore capital to shore up their balance sheets, which far exceeds the Rs 45,000-crore budgeted

Can Narendra Modi cure public sector banks’ ‘begging bowl syndrome’?
Business

Can Narendra Modi cure public sector banks’ ‘begging bowl syndrome’?

The major reason for the current NPA (Non-performing Assets) mess in these banks is their lack of efficiency in credit appraisal process and careless lending practices to grow their loan books.

State-run banks' growth rate to remain at a low 9% for next 3 years
Business

State-run banks' growth rate to remain at a low 9% for next 3 years

The report estimates the value of non-core assets of public sector banks at Rs 19,500 crore.