Search Results for: banking

Finance Ministry seeks details of 40 accounts tagged for insolvency and bankruptcy

Commercial banks had expressed concerns over the extra provisioning requirements which is being looked at and if necessary, the ministry will have further discussions with the RBI.

Sep 16, 2017

Crypto crash: Bitcoin nosedives 50% in India in just 13 days

Bitcoin and newer rivals like Ethereum and Litecoin have in recent times been fighting a losing battle against regulators.

Sep 15, 2017

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Economy meltdown: India's corporate debt soars to seven-year high, says report

One out of five large companies is not earning enough to service even the interest of its loan, says a look at corporate debt data.

Sep 13, 2017

Automation brings another scare: Banking sector may lose '30% jobs in 5 years'

Vikram Pandit went on to explain that advanced technology in the banking sector cuts the need for staff, especially in back office roles and processes.

Sep 13, 2017

Bank employees to stage protests on September 15

The banking sector wants the government to focus on concerns such as staff shortage and real recovery of Non-Performing Assets (NPAs).

Sep 12, 2017

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Indian banks need $65 billion capital to meet Basel rules by March 2019

Stressed loans in Indian banks hit a record $150 billion at the end of December, with state-run lenders accounting for the bulk of it.

Sep 12, 2017

Bad loans: Credit rating must for next set of NPAs, says RBI

The lenders have informally informed companies regarding the on-the-rating requirement, but no official communication on this yet.

Sep 11, 2017

With 99% of scrapped notes coming back, RBI banks on 'sophisticated' machines to check them

RBI in the annual report 2016-17, stated that Rs 15.28 lakh crore, or 99% of the demonetised notes have returned to the banking system.

Sep 11, 2017

Let bank boards decide on hiring and firing CEOs: Raghuram Rajan

If you don't have an independent central bank, you may end up like Zimbabwe: Rajan

Sep 9, 2017

US kicks Pakistan's Habib Bank out of New York over terror financing concerns

Habib, Pakistan's largest private bank, neglected to look out for compliance problems and red flags on transactions.

Sep 8, 2017

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DeMo flashback: 21,000 people disclosed Rs 4,900 cr 'black money' under PMGKY

Surprisingly, revenue secretary Hasmukh Adhia, after the closure of the PMGKY window, had said the response had "not been so good."

Sep 7, 2017

PM Modi suggests 10 'noble commitments' for global transformation [VIDEO]

After pitching strongly for peace yesterday at the Xiamen BRICS meeting, Prime Minister Narendra Modi today followed up with "10 Noble Commitments" to achieve "global transformation"

Sep 6, 2017

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Conditions apply! Bank bosses tells government on PSBs mergers

Union Finance Minister Arun Jaitley said an alternative mechanism will be in place which is going to facilitate fast-track approvals of consolidations.

Sep 5, 2017

RSS, mohan bhagwat, all indians are hindus

Hall for Bhagwat's event cancelled: Using state power to stifle RSS' voice will only make them champions of democracy

Mamata Banerjee needs to counter BJP politically instead of wielding administrative might. Her appeasement policies for the 27 percent are crucial for electoral victory.