Tag archive for ‘banks’
By Loknath Das On Saturday, August 19th, 2017
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Nearly 9,000 Wilful Defaulters Owe Rs. 92,000 Crore To Public Sector Banks

New Delhi: Public sector banks have reported 20 per cent jump in the outstanding loans by nearly 9,000 wilful defaulters who collectively owed to lenders more than 92,000 crore at the end of March this year. The More...

By Loknath Das On Wednesday, August 16th, 2017
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Banks’ Association Calls For Unions Meet To Avoid August 22 Strike

Chennai: In an attempt to avert the nationwide bankers’ strike on August 22, the Indian Banks’ Association (IBA) and the Chief Labour Commissioner have called the United Forum of Bank Unions (UFBU) More...

By Loknath Das On Wednesday, August 16th, 2017
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Banks’ Association Calls For Unions Meet To Avoid August 22 Strike

Chennai: In an attempt to avert the nationwide bankers’ strike on August 22, the Indian Banks’ Association (IBA) and the Chief Labour Commissioner have called the United Forum of Bank Unions (UFBU) More...

By Loknath Das On Tuesday, August 15th, 2017
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Ensure Safety Of Customers’ Lockers: RBI To Banks

New Delhi: The Reserve Bank has asked banks to ensure customers’ lockers remain safe and there is “no negligence” that could render banks liable to claims by locker holders, Parliament was informed More...

By Loknath Das On Tuesday, August 1st, 2017
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ICICI Bank’s Shares Down 3% As Bad Loans Rise, Weak Q1 Profit Growth

New Delhi: ICICI Bank shares today declined by 3 per cent after the private bank reported a marginal rise of 3.5 per cent in consolidated net profit for the first quarter of current fiscal on asset quality woes. After More...

By Loknath Das On Saturday, July 29th, 2017
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EU explores account freezes to prevent runs at failing banks

By Francesco Guarascio BRUSSELS (Reuters) – European Union states are considering measures which would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs, an EU More...

By Loknath Das On Wednesday, July 26th, 2017
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76 banks report 5,076 cases of active banking frauds

A combined 5,076 cases of active banking frauds involving Rs 1 lakh or more causing losses of Rs 16,78,853 lakh were reported by 76 banks during 2016-17, the parliament was informed on Tuesday. In a written reply More...

By Loknath Das On Sunday, July 23rd, 2017
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Despite 21% spike in bad edu loans, banks ready to lend for higher studies

Despite increasing number of students not paying back their loans spiking NPAs to over 10 per cent, lending continues for higher education with the disbursals topping Rs 20,000 crore in fiscal 2017, according to More...

By Loknath Das On Wednesday, July 12th, 2017
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Have Zero Tolerance On Bad Loans; Fight Cases: Finance Ministry To Banks

New Delhi: Unfazed by the Gujarat High Court order staying bankruptcy proceedings against Essar Steel, the finance ministry has asked banks to maintain zero tolerance against bad loans and be prepared to fight More...

By Loknath Das On Monday, July 10th, 2017
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Have Zero Tolerance On Bad Loans; Fight Cases: Finance Ministry To Banks

New Delhi: Unfazed by the Gujarat High Court order staying bankruptcy proceedings against Essar Steel, the finance ministry has asked banks to maintain zero tolerance against bad loans and be prepared to fight More...