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Latest Articles in banks

PSB Announces Have Written-off ₹91,000 Crore In 9 Months Of FY23

Another set of data underlined the PSBs managed to recover a little over Rs 1 out of Rs 5 in written-off accounts for the financial year 2022, picking up a pace of recovery from around 8 per cent in 2017-18 to a little over 21 per cent in FY22

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RBI Directs Banks To Make Extra Provisions For Top 20 Companies

The decision comes in the wake of the ongoing crisis in banks in Europe and US

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Indian Banks Are Epitome Of Resilience: SBI Report

When compared with other major countries, India has the least foreign claims, both as a counterparty basis and also as a guarantor basis, the report states

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Banks May Increase Loan Interest Rate By 100-150 bps In FY24 Amid Tightening Liquidity: Ind-Ra

The rating agency opines that the transmission of monetary policy in the banking system could intensify in FY24 driven by the sharp rise in bank's marginal cost of funding

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Govt To Hold Financial Bids For IDBI Bank In Sept

After the strategic sale, the 94.72 per cent stake of the government and LIC together will come down to 34 per cent in the bank

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CBI Books Unitech And Its Directors Against IDBI Bank Fraud

IDBI in its complaint said the company was allegedly enjoying a vendor bill discounting (VBD) facility, a kind of credit, of Rs 400 crore from the bank in 2012

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Banks Reluctant To Extend Fresh Loans To Vodafone Idea Before Capital Hike: Report

The company needs the funds to remain in business. But the lenders will wait for either a capital increase by its main shareholders - UK-based Vodafone Group and local investor Aditya Birla Group - or a debt-to-equity conversion by the government before granting the debt-laden operator more funding

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Bank Of Maharashtra Records 22% Credit Growth In Q3

In its regulatory filing, it stated an outstanding of Rs 1.29 lakh crore at the end of 31, December 2021

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The Great Bank Deposit War

SBI has raised interest on retail deposits to 6.75 per cent from 6.1 per cent. IDFC first, HDFC, and Axis bank are at 6.5 per cent, and Kotak Mahindra has hiked the interest rate to 7 per cent

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DICGC Settles Insurance Claims Of 3,06,146 Eligible Depositors Of 35 Banks

Giving more information, the Minister stated that 12 banks have since gone into liquidation after the deposit insurance amount was paid to the depositors of the banks in terms of Section 18A of the DICGC Act, 1961 from 1 September 2021 to 30 November 2022

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Government Raises Maximum Tenure Of PSU CEOS To 10 Years

The central government will have the right to terminate the term of office of a full-time director, including the MD, any time before the expiry of the term specified, by giving him a notice of minimum of three months

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How Banking & Finance Sector Help Small Businesses For Festivals

The festive season brings various opportunities to start and grow a small business, and banks or financial institutions play a vital role in it

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Access To Timely Credit At A Fair Rate Is Essential For MSMEs' Growth: PayNearby Founder

Financial institutions have limited their exposure to this sector mainly due to the small ticket loan size, high cost of servicing the segment, lack of proper documentation in the segment and limited capacity to offer immovable collateral

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Banks See Bad Loans Falling To Decade Low Of 4% By FY24 End

The key indicator of banks' asset quality is likely to improve, "riding on post-pandemic economic recovery and higher credit growth," the agency said in a statement

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