Iba
Iba News
AIBA rebrands itself as IBA, eyes boxing's reinstatement in 2028 LA Olympics with reforms
Boxing, weightlifting and modern pentathlon were all left off the initial list of sports for the 2028 Los Angeles Games last week and were asked to make changes by the IOC
RBI grants licence to National Asset Reconstruction Company, announces Indian Banks’ Association CEO
This move that will help kickstart operations of the bad bank. NARCL was incorporated in July in Mumbai following registration with the Registrar of Companies (RoC)
Coronavirus crisis: Bad bank debts could double by end of fiscal year, around 25% outstanding loans face risk of default
A fresh surge in bad debt could hit credit growth and delay recovery from the coronavirus pandemic.
Coronavirus Outbreak: SBI says difficult to take medium, long-term impact on banking sector during lockdown
The SBI official also said the Indian Banks Association (IBA) is also evaluating measures, which can be taken by the banks in this situation
Banking declared as public utility service for six months till 21 October; employees will not be able to go on strikes
All public sector banks, old generation private sector banks like HDFC Bank, ICICI Bank, Axis Bank and Federal Bank are members of IBA
IBA urges govt, RBI to double moratorium period to 6 months; seeks credit guarantee for MSME loans
Bankers believed that some safety net has to be created for both industry and banks for survival first, sources said, adding, revival would follow.
Coronavirus Outbreak: Bankers welcome Reserve Bank's steps to enhance liquidity
The second set of measures announced by RBI for the COVID-19 pandemic-stricken economy got a thumbs-up from bankers who welcomed the steps taken as per the evolving market conditions
Coronavirus Outbreak: Most private banks go for 'opt-in' option on loan repayment moratorium
Most of the private sector lenders have decided to go for the "opt-in" option on loan repayment moratorium, putting the onus on the customer to take the initiative of informing the bank of their choice to go for the three-month breather offered by the Reserve Bank of India
Coronavirus Outbreak: Borrowers unlikely to get significant gains from loan moratorium; banks to charge interest later
The three-month suspension of EMI payments may not result in a significant gains for borrowers as they will charge interest for the moratorium period, according to the moratorium scheme announced by state-owned banks
Coronavirus outbreak: RBI likely to allow banks to accept delayed loan repayments from customers
The Reserve Bank is likely to allow banks to give relaxation to customers in paying their EMIs as the forced lockdown across sectors due to coronavirus pandemic
Indian banks to appeal for relief on bad loans amid coronavirus concerns; lenders witness signs of loan repayment delay from small businesses
As fear grips the nation amid health concerns, Indian banks - already burdened with some $140 billion in bad loans - worry their balance sheets could be hit further as businesses grind to a standstill.
Bank strike: Two-day employees’ stir may hit operations, all arrangements in place for normal functioning, says SBI
Bank unions have called for a two-day nationwide strike on January 31 and February 1 after talks over wage revision failed to make headway with the IBA.
Employees of state-run banks threaten two-day strike from 31 January seeking wage revision; say IBA's approach rigid towards demands
If proposed strike materialises, it will coincide with beginning of the Budget session and presentation of Budget 2020-21.
IBA plans to set up framework around April to address issues related with consortium lending to industry
And to address these issues, there are two things which are happening, one is at the IBA level and another by Reserve Bank of India to develop secondary market for loan to corporates.
HDFC Bank allays concerns of depositors after ‘stamped’ passbook image goes viral on social media
After the image started circulating on social media, HDFC Bank spokesperson has clarified that this is part of the mandatory RBI guidelines.
Banks report reduction in bad loans; seek steps to address stress in NBFCs: FICCI-IBA survey
More than half of the bankers have reported a reduction in bad loans, and sought capital infusion in public sector lenders as well as steps to address stress in the NBFC segment, a survey by industry body FICCI said on Tuesday
RBI constitutes high-level committee under IBA Chief Executive VG Kannan to review ATM charges
The use of automated teller machines (ATMs) has been growing significantly and there have been persistent demands to change ATM charges and fees
Piyush Goyal asks banks to meet realty firms within a fortnight to understand industry issues
Finance Minister Piyush Goyal on Thursday asked banks to meet real estate sector representatives within the next fortnight to discuss the issues being faced by them
Water crisis in India could further worsen bank NPA problem in power and agriculture sector: World Wildlife Fund report
Water problems could push the non-performing assets of banks higher as many lenders have loan exposure in sectors where there are risks to water resources, says a report
State-run banks to go on nation-wide strike Wednesday; protesting against Vijaya Bank and Dena Bank's merger with Bank of Baroda
Services of state-owned banks are expected to be impacted on Wednesday due to a nation-wide strike call given by unions to protest against the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda. This will be the second bank strike in less than a week.