banks - Latest News, Analysis, Opinion

Latest Articles in banks

SBI Puts Up For Sale NPA Account MSP Metallics

The interested ARCs/banks/NBFCs/FIs can conduct due diligence of these assets with immediate effect, after submitting expression of interest and executing a Non-Disclosure Agreement (NDA) with the bank

Second Wave Of COVID Infections Poses Increased Risks For Fragile Economic Recovery, Banks: Fitch

BW Online Bureau

Economy India

Fitch forecasts India's GDP growth at 12.8 per cent for the current financial year ending March 2022 and this incorporates expectations of a slowdown in the April-June quarter due to the flare-up in new coronavirus cases.

SBI To Conduct E-Auctions Of 12 Bad Accounts This Month

BW Online Bureau

Banking & Finance

State Bank of India said Aarya Industrial Products has filed a suit against it in January 2016 before Civil Court, Alipore, Kolkata for claiming recovery damages of Rs 226 crore.

Odisha CM appreciates banks, districts for making coordinated efforts to improve lending to priority sectors

ANI

National

Odisha CM appreciates banks, districts for making coordinated efforts to improve lending to priority sectors

NBFCs continue to lose market share in housing, private auto segments: Emkay

ANI

NBFCs continue to lose market share in housing, private auto segments: Emkay

Banks closed, ATMs shut down in Myanmar following military coup

ANI

World

Banks closed, ATMs shut down in Myanmar following military coup

Tata Motors ties up with banks, NBFCs for commercial customers

ANI

Tata Motors ties up with banks, NBFCs for commercial customers

Banks GNPA May Rise Over 22-yr High Of 13.5% By Sep 2021: RBI FSR

BW Online Bureau

Banking & Finance Banking

If the macroeconomic environment worsens into a severe stress scenario, the GNPA ratio may escalate to 14.8 per cent, the report said. In this case, the GNPAs would be at over 24-year high. In the fiscal ended March 1997, it was 15.7 per cent.

CBI registers case against pvt company for causing approx Rs 4736.57 cr loss to banks

ANI

National

CBI registers case against pvt company for causing approx Rs 4736.57 cr loss to banks

Banks In India To See Capital Decline Over 2 Years Without Fresh Infusion: Moody's

BW Online Bureau

Banking & Finance Banking

Moody's said the uncertain trajectory of asset quality is one of the biggest threats for emerging market banks, as operating conditions remain challenging amid the current COVID pandemic.

Banking Services To Get Affected As Unions Go On One-day Strike

BW Online Bureau

Banking & Finance Banking

Many lenders have informed their customers to use digital channels such as internet/ mobile banking and ATMs for their banking related transactions and other services.

India Handled COVID-19 Pandemic Better Than Estimated; Economy Picked Up Momentum From September: SBI Reports

ANI

Banking & Finance

ILO has come up with estimates for working hours lost (per cent of total, average over first three quarters of 2020) and equivalent fiscal stimulus value for country groups to directly compare the size of fiscal stimulus with the labour market damage due to COVID-19.