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BANKING NEWS INDIA

Banking-Banking/Finance-News By Industry-News-The Economic Times

04/02/2012 12:46 PM

Banks in Noida assure safety of customers' assets

About 104 Bank branches, which have been operating in Noida from residential areas for decades, have been asked to shift to other locations.Banks in Noida assure safety of customers' assets

 

04/02/2012 12:44 AM

SBI set to publish photographs of defaulters to force them to pay dues

SBI will soon start publish photographs and names of wilful defaulters in leading publications as a last resort to get them to pay their dues.SBI set to publish photographs of defaulters to force them to pay dues

 

03/02/2012 11:31 AM

2G: Indian banking sector should be able to absorb loan-losses, says Fitch

The Indian banking sector should be able to absorb loan-losses stemming from the cancellation of 2G mobile licenses without materially impairing credit quality2G: Indian banking sector should be able to absorb loan-losses, says Fitch

 

03/02/2012 08:04 AM

2G licence cancellation to hit banks' profits by 10%: Fitch

Global ratings agency Fitch said the Supreme Court's decision to cancel 122 telecom licences will hit the profitability of banks2G licence cancellation to hit banks' profits by 10%: Fitch

 

03/02/2012 07:58 AM

RBI directs banks not to overstate value of house property for loans

RBI stated banks have been found overstating value of houses they finance by adopting practices like including stamp duty and other charges in the costRBI directs banks not to overstate value of house property for loans

 

03/02/2012 06:33 AM

RBI hints at more open market operations to infuse liquidity

The Reserve Bank on Friday hinted at more open market operations (OMOs) to ease tight liquidity conditions in the banking system. RBI hints at more open market operations to infuse liquidity

 

02/02/2012 12:11 PM

Banks not sure of meeting priority sector lending target

With credit growth not picking up owing to a high interest rate regime, many banks are now apprehensive about meeting their PSL target in the current fiscal.Banks not sure of meeting priority sector lending target

 

02/02/2012 11:31 AM

Govt to infuse Rs 18,000 cr in 12 PSU banks in 2011-12

The finance ministry will be infusing Rs 18,000 crore in the current fiscal in 12 banks, including SBI, and will be seeking supplementary grants from Parliament in the Budget session. Govt to infuse Rs 18,000 cr in 12 PSU banks in 2011-12

 

02/02/2012 09:53 AM

NABARD incentivises banks to boost investment in warehousing

The refinance scheme from NABARD incentivises banks to accelerate the pace of creation of quality warehousing facilities for agricultural commoditiesNABARD incentivises banks to boost investment in warehousing

 

02/02/2012 07:46 AM

RBI asks banks to evaluate risk of unhedged forex of companies

The RBI has directed banks to evaluate risks from unhedged foreign currency exposure of companies while extending them credit facilitiesRBI asks banks to evaluate risk of unhedged forex of companies

 

02/02/2012 06:01 AM

Indian Bank revises FCNR (B) interest rates

Public sector Indian Bank has revised its interest rates on Foreign Currency Non-Resident (Banks) term deposits with immediate effect.Indian Bank revises FCNR (B) interest rates

 

02/02/2012 05:27 AM

Agri loans down 7%; RBI's tough stance on reclassification of loans cited as reason

The problem with farm loans is not slow growth, but rising non performing loans as farmers expect one more debt waiverAgri loans down 7%; RBI's tough stance on reclassification of loans cited as reason

 

01/02/2012 11:14 AM

RBI rules out special provisioning for debt recast

Despite mounting bad assets being witnessed by many lenders, RBI ruled out any special dispensation on provisioning norms in case of debt recastRBI rules out special provisioning for debt recast

 

01/02/2012 10:04 AM

Indian banks' asset quality to worsen in 2012: Fitch

The non-performing assets of Indian banks are expected to touch 4 per cent of the total assets from about 3 per cent in 2011, Fitch said in a reportIndian banks' asset quality to worsen in 2012: Fitch

 

01/02/2012 08:14 AM

UCO Bank expects govt to infuse Rs 200-300 cr capital by March

State-owned Uco Bank expects the government to infuse Rs 200-300 crore by March to help the lender meet 8 per cent Tier-I capital requirementUCO Bank expects govt to infuse Rs 200-300 cr capital by March