The gross bank credit, including the food credit, was up 10.4 per cent during the same period, as against 3.8 per cent in the year-ago perio...
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PFC aims for Rs 800 cr provision write-back from government projects
During the March quarter, the company managed to decrease the restructured assets by 53 per cent to Rs 19,167 crore, compared with Rs 40,852...
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UIDAI relaxes daily Aadhaar updation target for bank branches
The target - that was so far pegged at 16 daily enrolments or updations per branch - has been relaxed in view of "field difficulties...
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Need to harness technology to make payments system 100 per cent accurate: B P Kanungo
Speaking at NPCI National Payments Excellence Awards function here yesterday, the Deputy Governor, however said that India's payment sys...
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Bank strike: Services hit all over India, impact to continue tomorrow
Operations in the new-generation private banks like ICICI Bank, HDFC Bank, Axis Bank were however almost normal, barring few activities incl...
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Banks told to withdraw advisory for exporters on Iran by August: FIEO
UCO Bank and IndusInd Bank have been advised to withdraw the communications asking the exporters to complete their financial dealings with I...
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Bank strike may hit transactions worth Rs 20k crore: Assocham
Operations in the new-generation private banks like ICICI Bank, HDFC Bank, Axis Bank were almost normal, barring few activities including ch...
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ICICI Bank okays external probe into charges against CEO Chanda Kochhar
The bank informed the stock exchanges that its Board of Directors decided to institute an enquiry, which will be headed by independent perso...
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Banking operations hit in Kerala as 30,000 employees go on strike
In the state capital, as part of the agitation, employees took out a march from Fine Arts College at Palayam to State Bank of India's ci...
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Banking services in AP, Telangana hit as employees go on strike
United Forum of Bank Unions (UFBU), an umbrella body of various bank unions like AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOB...
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Rajasthan: Banking services hit as 30,000 employees go on two-day strike
He added that the bank employees will tomorrow lodge a protest here at Ambedkar Circle. from Banking/Finance-Industry-The Economic Times h...
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Finding the path to reviving India's banking system
India should learn a few lessons from the 1990s' Japanese Banking crisis when poor lending and delayed recognition of losses ended up cr...
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Government expects state-run banks to cut bad loans by Rs 3 lakh crore in FY19
PSBs won’t need capital infusion in excess of what’s planned thanks to this as they improve performance and raise resources through sale of ...
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ICICI Bank appoints former Bank of Baroda boss as a director
Mallya was also engaged extensively with the government as Indian Banks’ Association or IBA chairman. from Banking/Finance-Industry-The Ec...
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Indian banks ask exporters to close Iran deals due to sanctions
India and Iran have long-standing political and commercial ties, but New Delhi has been careful to not fall foul of U.S. sanctions on Iran. ...
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Cash logistics: Private security agencies' grouping flags concerns over RBI directive
In this regard, the grouping of private security agencies has written to Prime Minister Narendra Modi and Competition Commission of India (C...
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How inordinate delays can ruin the purpose of bankruptcy code
NCLT’s strict adherence to the 270-day ceiling is critical. The Essar matter before NCLAT sheds light on the issues that may ensue if things...
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No-frills account holders pay heavy penalty for exceeding withdrawal limit: Report
The key restriction on a BSBDA is that the a/c holder can't make more than four withdrawals in a month, though there is no such limit on...
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ET View: Tribunals cannot ignore the spirit of the bankruptcy code
The government will now amend the code, the biggest reform by the NDA to clean up the mess in the banking sector, to make decision making ea...
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NPS v/s PPF
NPS V/S PPF Hi Guys, We are talking about new topic NPS and PPF. Whenever it comes to saving for retirement, Public Provident ...
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Non-life insurers gross premium up 14% at Rs 13,881 crore in April
Of the 33 non-life insurance firms, 25 are general insurers, six are standalone private players and two are specialised public sector undert...
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Bank unions call for two-day nationwide strike from May 30
Bank employees and officials are protesting the nominal 2 percent wage hike offered by the Indian Banks' Association. from Banking/Fin...
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Airtel Payments Bank appoints ex-ICICI executive Anubrata Biswas as MD, CEO
Prior to joining Airtel Payments Bank, Biswas was the joint general manager and retail business head - South India, for ICICI Bank and was r...
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PNB fraud: ED files charge sheet against Nirav Modi, associates
The charge sheet also details the attachments made by the agency against Modi and his associates in the last few months after it first regis...
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Government move to clear IBC amendments to expedite NPA cases: Ficci
Enabling MSME promoters to bid for their companies under the IBC resolution process will help in speedy resolution in a large number of case...
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