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.
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%
Kotak Mahindra Bank had posted a standalone net profit of Rs 1,053 crore in the October-December quarter of the last fiscal
The SBI report compared the Indian PCA framework with the US' Federal Deposit Insurance Corporation (FDIC).
SBI shares closed almost flat at Rs 259.95 on BSE.
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
Punjab National Bank has accused three companies - Solar Exports, Stellar Diamonds and Diamond R US - it said belong to Nirav Modi.
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.
The proposed bond raising programme aims at funding infrastructure and affordable housing, SBI said in a filing to stock exchanges.
Economic growth slipped to its lowest level in three years in the first quarter, logging an annual rate of 5.7 percent
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.
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.
The bank will offer an interest rate of 8.62 per cent per annum to the bond holders
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.
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.
Each bank strike causes disruptions to the general public even though the effectiveness of bank strikes, over the years, have weakened
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
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.
The report estimates the value of non-core assets of public sector banks at Rs 19,500 crore.