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Banking sector News

26 Oct 2023

Canara Bank Reports 43% Growth In Q2 PAT At Rs 3,606 Cr

As on September 30, Canara Bank’s gross non performing assets (GNPA) and net NPA stood at Rs 43,955.59 crore (Rs 52,485.14 crore) and Rs 12,554 crore (Rs 17,286.13 crore), respectively. The capital adequacy ratio stood at 16.20 per cent as at September 2023.

18 Nov 2020

RBI puts cap on money withdrawal from Lakshmi Vilas Bank up to 25,000 in a month

Private sector lender Lakshmi Vilas Bank was brought under moratorium on Tuesday (November 17) with immediate effect till December 16, 2020, thereby retaining all action and proceedings against that banking company during this period.

28 Jul 2020

PM Modi to meet bankers on Wednesday, discuss issues plaguing sector

The meeting with the bankers will be held via video conferencing. Top bureaucrats as well as chiefs of NBFCs will also participate in the meeting. Modi will take stock of the financial situation of the banks, the liquidity situation of the banking sector, highly placed sources told Zee Media.

Nirmala Sitharaman

24 Nov 2019

Govt making efforts for better regulatory mechanism in banking sector: FM

Union Finance Minister Nirmala Sitharaman has said that the Central government is making efforts to ensure better regulatory mechanism in the banking sector in the backdrop of PMC and IL&FS debt issues.

Nirmala Sitharaman

14 Sep 2019

Inflation under control, signs of revival of economy: FM Nirmala Sitharaman

FM Sitharaman said that inflation is under control and there is a clear sign of revival of industrial production.

Nirmala Sitharaman

05 Aug 2019

Nirmala Sitharaman dismisses concerns related to Indian economy slowing down

FM decided to take review and feedback meeting with MSME on Tuesday, Auto sector on Wednesday, followed by industry sector, markets & finances and finally with real estate sectors.

03 Jan 2019

Morning Breaking: Cabinet approves merger of Vijaya Bank, Dena Bank & Bank Of Baroda

The Cabinet Committee on Economic Affairs (CCEA) has approved the merger of state-run Vijaya Bank, Bank of Baroda and Dena Bank. This marks the first-ever three-way merger in the country's banking sector.

06 Nov 2018

Pakistan's central bank denies report of mass data breach

The State Bank of Pakistan (SBP) said the IT security system of a single bank, which it did not name, had been "compromised" on October 27 and it had already instructed all banks to increase their scrutiny.

27 Jun 2018

Banks' NPAs status to worsen to over 12% by March 2019: Reserve Bank of India

There are 11 banks under PCA framework on account of their high bad loans.

18 Mar 2018

Hiring activity sees 6% growth in February 2018: Report

The demand to hire seasoned professionals in senior management roles with experience of over 16 years saw 16% YoY growth.

19 Feb 2018

PNB fraud: After ASSOCHAM, now FICCI joins chorus for privatising state-run banks

FICCI called state-run banks privatisation is in the interest of creating 'a dynamic banking sector' in India.

Union Budget 2018

31 Jan 2018

Union Budget 2018-19: Here is what banking sector expects

It is expected that the FM Jaitley will have a special focus on the banking sector in the Budget 2018-19.

10 Dec 2017

All India bank strike on December 27 for wage revision in IDBI Bank

The IDBI Bank employees went on two-day strike in October demanding revision of wages.

12 Oct 2017

Working on plan to rebuild capacity of banking sector: Jaitley

Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and the World Bank, also said that reforming the banking system is the top agenda of the government.

India debt downgrades

03 Oct 2017

Debt downgrades soar a whopping 70% to Rs 2.9 trillion in H1: Icra

According to Icra's Jitin Makkar, top 10 percentile of non-financial sectors entities downgraded accounted for around 50 per cent of the total debt downgrades in 2016-17.

27 Sep 2017

PM Modi reviews banking, GST, 9 infra projects at Pragati interaction

Modi also called for sustained efforts to boost digital payments and work towards a less cash society.

22 Jun 2017

RBI expands oversight committee; inducts 3 member on panel

The Reserve Bank has expanded the oversight committee by appointing three more members to the high-level panel that will vet the process to resolve mounting bad loans bogging down the banking sector.

Finance Minister Jaitley

12 Jun 2017

RBI actively working on NPA resolution, action soon: Arun Jaitley

Besides NPA resolution and bank finances, the meeting also featured the government's financial inclusion schemes.

Finance Minister Jaitley

12 Jun 2017

FM Arun Jaitley meets PSU bank chiefs; reviews NPA situation

Jaitley also reviewed the financial performance of all the public sector banks (PSBs) at the meeting.

Finance Minister Jaitley

12 Jun 2017

Arun Jaitley to meet PSU bank chiefs today to review NPA situation

Besides, the minister will review the financial performance of all the public sector banks (PSBs) at the meeting, the first between Jaitley and them in the current fiscal.

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