Outstanding loans rose Rs 63,090 crore ($9.21 billion) to Rs 71.53 trillion in the two weeks to February 5. Non-food credit rose Rs 56,580 crore to Rs 70.45 trillion, while food credit rose Rs 6,510 crore to Rs 1.09 trillion
Read MoreThe sudden deterioration in profitability at PSBs for the third quarter of 2015-16 was triggered mainly by higher provisioning following an RBI order on reclassification of troubled loans
Read MoreStandard & Poor’s Ratings Services has affirmed its ‘BBB—’ long-term rating on Union Bank of India on expectations that the government will infuse capital into the lender
Read MoreThe probe into ICBC follows a slew of allegations of money laundering levied against other Chinese banks
Read MorePrivate sector lender Yes Bank on Wednesday (17 February) said it has partnered UltraCash Technologies to launch payments processing through sound waves.
Read MorePunjab National Bank is the third public sector bank to declare the grounded Kingfisher Airlines and its two guarantors as wilful defaulters
Read MoreThe RBI would need to provide the information within two months, though it could keep details under 'sealed cover', a directive from the Supreme Court said
Read MoreSBI dedicated Japan desk offers wholesale and retail banking products like rupee funding for Japanese businesses and banks, as well as guidance on Indian companies and regulations
Read MoreThe banking sector's problems are an outcome of the tendency of government authorities to draw up overly ambitious targets and be in a perennial promise mode
Read MoreIndia’s banking culture of allowing influential borrowers who default to get away was flagged in January by RBI governor Raghuram Rajan
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