- Mar09By PTI
State-run banks could set up only 14,855 ATMs by December, leaving an uphill task of installing close to 20,000 more cash dispensing machines by March-end to achieve the target of
Bank deposits grew at healthy 16% year-on-year to Rs 7,605,171 crore as on February 21, surpassing the pace of credit growth, according to RBI data.
Deposits at commercial banks stood
The long-awaited new bank licences may happen in a few weeks if the Election Commission clears the announcement, RBI governor Raghuram Rajan said on Friday.
About 25 public and private
The Reserve Bank will issue new bank licences in a few weeks, after seeking approval of the Election Commission, Governor Raghuram Rajan said today.
Over two dozen public and private
The All India Bank Officer's' Confederation has come out against reforms in banking sector holding that the objective of policy makers was to destroy public sector banks in the country.
- Mar05By Reuters
Standard Chartered Plc warned its income and profits would remain "challenged" in the first half of the year, after the Asia-focused bank on Wednesday reported its first drop in annual
Concerned over rising non- performing assets, Finance Minister P Chidambaram today asked public sector banks to focus on recovery of bad loans, which happen to be high among large corporate
- Mar03By PTI
State-owned Oriental Bank of Commerce (OBC) today raised interest rates on fixed deposit of three maturities by up to 3. 25 per cent
- Mar02By PTI
State Bank of India is taking initiatives to reduce bad loans which have reached 5. 73% SBI Managing Director and Group Executive (National Banking) A Krishnakumar has said
The crisis-hit United Bank of India, which has run into losses amid suspiciously high bad loans, now faces fresh probes for possible lapses related to auditing and corporate governance norms.