Iba

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Iba - Total results - 45
Coronavirus crisis: Bad bank debts could double by end of fiscal year, around 25% outstanding loans face risk of default
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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.

InterGlobe Aviation Chairman M Devadas Mallya passes away in Delhi; was ailing for two years
Business

InterGlobe Aviation Chairman M Devadas Mallya passes away in Delhi; was ailing for two years

Mallya had served as Chairman and Managing Director of Bank of Baroda and Bank of Maharashtra

Ruias bid to regain Essar Steel with late payment smells of moral hazard; banks and govt must look at non-cooperative behaviour
Business

Ruias bid to regain Essar Steel with late payment smells of moral hazard; banks and govt must look at non-cooperative behaviour

From all indications, the Essar Steel insolvency process shows the Ruias need to be put under a lens.