Industry: Banking

The overdependence of local banks on overseas branches through less standardised instruments limits the scope of trade-credit operations.
May 9, 2019, 3:59 p.m.

Our Bureau Rating agency ICRA said on Wednesday it expects financial creditors to realise more than ₹80,000 crore in FY20 from the IBC process, against the ₹66,000 crore realised in FY19.
May 8, 2019, 4:49 p.m.

With the National Company Law Appellate Tribunal (NCLAT) lifting the freeze on banks from declaring the accounts of debt-laden IL&FS and its group companies as non-performing, the Reserve Bank of India, on Wednesday, withdrew its April 24 circular that required them to make specific disclosures in this regard.
May 8, 2019, 3:39 p.m.

Jan-Dhan accounts are seeing increasing deposits and lower private sector participation.
May 7, 2019, 11:18 a.m.

Limited number of information utilities, clarity on priority of claims need to be addressed.
May 6, 2019, 3:17 p.m.

The Reserve Bank of India has decided to enhance the housing loan limits for Regional Rural Banks (RRBs) and Small Finance Banks (SFBs) for eligibility under priority sector lending, in a bid to give them a level-playing field with other Scheduled Commercial Banks.
May 6, 2019, 3:13 p.m.

Banks can now declare defaulting accounts of debt-ridden Infrastructure Leasing and Financial Services (IL&FS) and its group companies as non-performing assets, but cannot initiate recovery proceedings.
May 2, 2019, 10:45 a.m.

More than 30% of the respondents said that information about service charges was not shared by banks at the time of a/c opening.
May 1, 2019, 3:28 p.m.

Non-food bank credit increased by a robust 12.3 per cent year-on-year (YOY) in March 2019, compared to an increase of 8.4 per cent in March 2018, according to the Reserve Bank of India’s data on sectoral deployment of bank credit.
April 30, 2019, 4:16 p.m.

In a bid to restore the attractiveness of raising funds via perpetual debt instrument (PDI) route, banks have suggested to the Central Board of Direct Taxes (CBDT) that interest paid on such borrowings should be allowed as deduction despite their classification as equity under Indian Accounting Standard (Ind AS).
April 29, 2019, 3:53 p.m.