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News
Indian Banks
Indian Banks News
Bank holidays
27 Oct 2022
Bank Holiday today: Banks to be closed in THESE cities on Bhai Dooj
Indian Banks will be closed on Thursday on the occasion of Bhaidooj, Chiragupt Jayanti and Ningol Chakkouba. Banks will be closed to the public for 10 days next month in November. The four holidays will be on November 1, November 8, November 11 and November 23.
Indian Banks
20 May 2021
Banks reduce working hours, check timings and facilities you can avail
IBA has accordingly advised banks to restrict working hours between 10 am to 2 pm. Banks have implemented shorter banking hours on the advice of the IBA.
Indian Banks
21 Mar 2021
Bank holidays: Banking services to be affected for 9 days, check details here
Banks will remain closed for three consecutive days from March 27-29. Bank services on March 31 will remain suspended.
RBI
27 Apr 2020
After the news of money withdrawal from mutual funds, RBI arranged 50 thousand crore for mutual fund companies
After the news of money withdrawal from mutual funds, RBI arranged 50 thousand crore for mutual fund companies. Watch this video to know more.
RBI annual report 2019
30 Aug 2019
Total frauds in Indian banks rose to Rs 71,543 crore in 2018-19: RBI report
Among bank groups, PSBs, which constitute largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19.
Indian Banks
08 Feb 2019
Banks unlikely to match RBI's rate cut any time soon
Banks are reluctant to cut deposit rates in the fiscal year`s last quarter, as they are keen to shore up their books while not losing hefty deposits.
Bank holiday
19 Dec 2018
Banks may remain shut for five days due to strikes, holidays
In the wake of strikes and holidays, the banks will remain closed from next Friday to Wednesday, except Monday and the banking services could adversely be affected on these days.
Indian Banks
07 Nov 2018
Indian Bank raises Rs 110 crore through bonds
According to the statement, the credit rating assigned to these bonds is "CRISIL AAA/Stable" and "CARE AAA".
Arun Jaitley
25 Sep 2018
Banks must strive to be seen as institutions of clean lending: Jaitley
Jaitley said that the formalisation of the Indian economy through the Insolvency and Bankruptcy Code (IBC), GST, demonetisation and Digital Payments have enabled better assessment of financial capacity and risks.
Indian Banks
17 Sep 2018
NPA provisions for banks may stay elevated till FY20: Report
Banks will continue with credit costs or provisions of up to 3 percent for both the ongoing fiscal as well as the one after, according to the rating agency.
Indian Banks
27 Jun 2018
Banks' NPAs status to worsen to over 12% by March 2019: Reserve Bank of India
There are 11 banks under PCA framework on account of their high bad loans.
Vijay Mallya
16 Jun 2018
Vijay Mallya ordered to pay 200,000 pounds to Indian banks by UK court
The fallen business tycoon Vijay Mallya is separately also fighting extradition to India on fraud and money laundering charges worth an estimated Rs 9,000 crores.
Indian Banks' Association
11 May 2018
Bank employees demand salary revision, call for 2-day nation-wide strike
The bank employees across the country will observe a nation-wide strike for two days starting May 30 in order to protest against low hike offered by the management body. Indian Banks' Association (IBA) offered the employees 'a meagre' two per cent increment. This led them to raise their voice demanding the government's intervention in wage revision.
Indian Banks
19 Apr 2018
Indian banks' FY18 results likely to be weak: S&P
In a report titled 'India's Banks Are Bracing For Weak Fiscal 2018 Results', S&P on Thursday said it believes that at a system level the ratio of stressed assets is realistically around 13-15 percent, compared with 12.3 percent in the first half of fiscal 2018.
Year ender 2017
28 Dec 2017
Govt to push ahead with banking reforms in new year
The Finance Ministry would soon announce contours of the recapitalisation bonds and the amount to be front loaded during the current fiscal.
Indian Banks
05 Oct 2017
Stake sale in insurance arms to help banks on bad loans: Moody's
Earlier this week, state-run SBI Life Insurance (SBI Life) completed its initial public offer (IPO) issue, while the privately-run ICICI Lombard did the same last week.
Indian Banks
12 Sep 2017
Banks need $65 billion additional capital to meet Basel III norms: Fitch
Weak capital positions have a major negative influence on the banks' viability ratings which will come under more pressure if the problem is not addressed, it added.
Indian Banks
12 Sep 2017
Indian banks need $65 billion capital to meet Basel rules by March 2019: Fitch
That is far above the $11 billion in capital infusions into state-run lenders the government has budgeted through March 2019.
major economic reforms
15 Aug 2017
Modi govt's landmark economic reforms since last Independence Day
These historic reforms stunned the people nation-wide. Not only it gave new heights to Indian economy but also paved way towards global recognition.
India's GDP
31 Jul 2017
India to grow 6.5-7.5% over 12-18 months: Moody's
According to the estimates of the US-based agency, the economy will grow 7.5 percent in 2016-17 and 7.7 percent in 2017-18.
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