Indian Banks

'Rs 6,000-cr fraud case by Sandesara Group was daylight robbery': Nitin, Chetan Sandesara spun web to funnel illegal funds from India to Nigeria

The Appellate Tribunal, which works under the department of revenue, has termed the Sandesara Group fraud against the public sector banks as 'daylight robbery' seeking stringent action in the case. Sandesara brothers — Nitin and Chetan Sandesara, owners of Sandesara group of companies and now officially designated economic offenders

India's weak banking system to strengthen over 2 years as capital base expanded by government's fund infusion: S&P

The government is working on a four-pronged strategy to improve the health of the banking sector: recognition, recapitalisation, resolution, and reform.

Banks working closely with UK authorities to recover dues from Vijay Mallya after UK court order: SBI MD Arijit Basu

SBI is the leader of a consortium of 13 banks that lent money to Mallya's now defunct Kingfisher Airlines.

UK court ruling: Vijay Mallya's assets in England, Wales may go under hammer to recover money owed to Indian banks

Judge Andrew Henshaw refused to overturn a worldwide order freezing 62-year-old Mallya's assets and upheld an Indian court's ruling that a consortium of 13 Indian banks were entitled to recover funds amounting to nearly $1.55 billion

Bad loan mess: New RBI rules stoke fears of more NPAs tumbling out of the closet

Under the new process, the RBI requires banks to figure out plans to resolve debts of defaulters with 20 billion rupees ($311 million) or more in outstanding debt by 1 September, or take them to bankruptcy court.

FRDI Bill depositor friendly, provides more protection, says finance ministry

The FRDI Bill will "strengthen" the system by adding a comprehensive resolution regime which will help ensure that, in the rare event of failure of a financial service provider, "there is a system of quick, orderly and efficient resolution in favour of depositors", the finance ministry statement said

Moody’s poll: Indian banks most at risk among Southeast Asia peers

Indian banks are most at risk in South and South-East Asia.

Social media payments creating buzz: How Facebook, Twitter, WhatsAPP will make your payments super easy

Social media has a massive database of users, even bigger than a bank, so it makes perfect sense to blend online payments with social media platforms

Vijay Mallya seen at India vs Pakistan cricket match at Edgbaston stadium in Birmingham

Former liquor baron Vijay Mallya was seen in the stands at Edgbaston in Birmingham enjoying the cricket match between India and Pakistan on Sunday

Indian banks' bad loans may rise to 15% by Mar 2018, credit profile unlikely to improve in next 1 year: S&P

Indian banks' credit profiles are unlikely to improve over the next 12 months, said S&P Global Ratings