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Latest Articles in indian banks

Indian Banks To Remain Closed For 7 In Upcoming Days

And last Saturday, (October 16) banks were closed in Sikkim’s Gangtok on the occasion of Durga Puja. Also, banks are closed in all of India, on Sunday i.e. October 17 Talking about October, there are 21 bank holidays in the entire month.

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Indian Banks To Remain Closed For 21 Days In October, Amid Festivities

As per the Reserve Bank of India (RBI) regulations, Indian banks have to be closed on all public holidays, however, there are going to be few regional holidays, limited to particular states only.

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IDBI Bank Invites Bids To Divest Stake In Asset Reconstruction Company

Arcil was incorporated in 2002 and is owned by banks like SBI, IDBI, ICICI, PNB and strategic foreign investors such as Avenue India Resurgence Pte Ltd.

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ATM Transactions Beyond Free Permissible Limit To Cost More From Jan 1

ATMs are deployed by banks for serving their own customers and also provide services to other banks' customers as acquirers where they earn interchange income.

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Vijay Mallya Loses Bankruptcy Petition Amendment High Court Battle In UK

The Indian banks, represented by the law firm TLT LLP and barrister Marcia Shekerdemian, were also granted costs in totality for the petition hearings, as the “overall successful” party in the case.

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Indian Banks Back In UK Court To Pursue Vijay Mallya Bankruptcy Order

Mallya’s barrister, Philip Marshall, referred to witness statements of retired Indian judges in previous hearings to reiterate that there is “public interest under Indian law” by virtue of the banks being nationalised.

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Indian Banks' Loans Rose 6.1% In Two Weeks To Dec 18 - RBI

Outstanding loans rose 518.61 billion rupees ($7.09 billion) to 105.50 trillion rupees in the two weeks to Dec. 18.

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Indian Bank Gets Shareholders' Nod To Set Off Accumulated Loss With Share Premium Account Balance

ICRA Ratings has said that the recent proposal by some public sector banks (PSBs) to set-off their accumulated losses against the share premium account balances could improve the ability of these PSBs to service their AT-I bonds.

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Gross NPAs Of Banks May Jump To 11.5 Pc By End Of FY21: Care Rating

The GNPA ratio of scheduled commercial banks stood at 8.2 per cent in Q1 FY21 against 9.5 per cent in the same period of last year.

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Economic Recovery Key To Limiting Indian Banks' Loan Losses: Fitch

Banks have been permitted by the Reserve Bank of India (RBI) to undertake a one-time restructuring exercise of loans affected by the Covid-19 pandemic which will provide relief in terms of bad loan recognition and provisioning.

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A-Pac Bank Provisioning Set To Remain Elevated In 2021: Fitch

Annualised credit costs across 79 of the largest Fitch-rated banks in A-Pac increased to an average of 1.26 per cent of gross loans in 1H20 from 0.84 per cent in 2019.

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Debt Revamp Proposal To Prolong Indian Banks' Asset Quality Uncertainty: Fitch

Indian banks are saddled with more than $120 billion in bad loans and the sector is ranked the third-worst among 13 major world economies in asset quality.

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Indian Banks' Bad Debt To Rise Sharply Amid COVID-19 Pandemic-Report

"The challenges that lie ahead have to be addressed with the overarching objective of preserving long-term stability of the financial system, which is critical for nurturing the recovery," he added.

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Indian Banks' Balance Sheet Risks Rise With Increasing Lending Pressure: Fitch

Several of the state banks also have the added challenge of executing mergers and integrating other weaker banks.

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Indian Banking Sector Clobbered Amid Fallout From Yes Bank Crisis

Small private banks were also hit hard. Shares in lenders RBL Bank Ltd and IndusInd Bank Ltd fell 9.7% and 6.7%, respectively.

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