Indian Banks
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RBI cuts repo rate: SBI Chairman reveals when banks may reduce deposit rates
Business | Feb 11, 2025, 02:50 PM ISTSBI Chairman CS Setty confirmed lending rate revision after RBI’s 25 bps repo rate cut. However, deposit rates may not decrease immediately as banks assess credit demand. Know more on how RBI’s monetary policy impacts deposit and lending rates.
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Indian banking system under major ransomware attack, many banks turn offline, NPCI halts services
Business | Jul 31, 2024, 10:59 PM ISTIn a public advisory issued late on Wednesday, the National Payment Corporation of India (NPCI), which oversees payment systems, announced that it had temporarily restricted C-Edge Technologies from accessing the retail payments system operated by NPCI.
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Asset quality of Indian banks will be stable in 2023, claims Moody's latest report
Business | Jan 19, 2023, 12:25 PM ISTIn its report, Moody's asserted that Indian banks will profit from a stable operating environment and considerable increases in their solvency indicators.
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Bank holidays in July 2022: Banks to remain closed for 14 days this month. Here's full list
Business | Jul 14, 2022, 09:17 AM ISTBank holidays in July 2022: Including weekend offs (second Saturdays and Sundays), banks will remain closed for 14 days in the month of July. However, these holidays are going to be state/region specific.
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Need to make Indian banks, currency important part of international trade, supply chain: PM Modi
India | Jun 06, 2022, 05:07 PM ISTThe coins of Re 1, Rs 2, 5, 10 and 20 denominations will have the Azadi Ka Amrit Mahotsav (AKAM) design are not commemorative coins and will be part of the circulation.
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Indian banks risk losing $9 billion revenue to e-wallets by 2025
Business | Oct 31, 2019, 03:58 PM ISTAs much as 14 per cent of Indian banks payments revenue, or $9 billion, is likely to be displaced by the growth of digital payments and competition from non-banks, an Accenture report said on Thursday.
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Indian banks pursue Mallya in UK High Court for assets disclosure
India | Jul 22, 2019, 08:35 PM ISTTwo superyachts, a game reserve, numerous undeclared high-value and vintage cars, valuable paintings and a piano previously owned by Elton John are among the assets in contention as part of a latest legal claim by Indian banks against embattled liquor tycoon Vijay Mallya in the UK High Court on Monday.
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Outlook on Indian banks stable for next 12-18 months: Moody’s Investors Service
Business | Dec 03, 2018, 10:55 AM ISTOn asset quality, Moody's said it will remain stable but weak, as the clean-up of legacy problem loans nears completion and corporate health improves.
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'Worst almost over for Indian banks as stressed loans cleared, capital base expanded by fund infusion'
Business | Jul 31, 2018, 09:05 PM ISTIn a report titled 'The Worst Is Almost Over For India's Banks', S&P said that the ratings on the banks are "more likely to be raised than lowered" in the next 2 years.
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Vijay Mallya loses Rs 10,000 crore lawsuit in UK filed by Indian banks
Business | May 08, 2018, 11:31 PM ISTThe victory for the banks will enable them to enforce the Indian judgment against Mallya's assets in England and Wales.
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56.4 per cent surge in Bank NPAs in 2016
Feb 20, 2017, 01:07 PM ISTState owned banks in India witnessed 56.4 per cent surge in Gross non-performing assets (NPAs) or bad loans in the year 2016.
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Indian banks now face another cyber attack breaching their SWIFT systems: Report
Jan 16, 2017, 10:54 AM ISTWhile the Central government is leaving no stone unturned to turn the nation into a cashless economy, an alarming revelation has raised put a question mark on the security of digital transactions.
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ICICI, SBI among 26 Indian banks being targeted by new phishing website: US report
Dec 01, 2016, 04:49 PM ISTUS-based digital security organization FireEye has asserted that it has found malicious phishing sites created by cyber criminals that farce 26 Indian banks to take individual data from clients. FireEye identified a new domain (csecurepay[.]com)
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Worst over for Indian banking sector, outlook stable for next 12-18 months: Moody’s
Sep 19, 2016, 07:47 PM ISTOwing to the slow pace of bad loan formation, the Indian banking sector is set to remain stable for the next 12-18 months, Moody's Investors Service said today. "While the stock of impaired loans
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Rajan says will not let system fail, but clean-up must continue
Feb 13, 2016, 11:44 PM ISTKochi: Amid mounting bad loan worries at public sector lenders, RBI Governor Raghuram Rajan today said there is no question of going back on the clean-up drive even as he assured full support to all banks including those
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Improvement in banks' asset quality to take time: S&P
Mar 18, 2015, 05:36 PM ISTNew Delhi: Improvement in the asset quality of Indian banks and growth in credit offtake is likely to take more time as the problems in mining and infrastructure sector are yet to be resolved, global
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Iran Allows Part Payment In Rupees For Crude Sale To India
Feb 07, 2012, 03:25 PM ISTNew Delhi, Feb 7: Iran has agreed upon three Indian banks to accept 45 per cent of payment for its crude imports in rupees with both countries formulating mechanisms to avoid any problems in the
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RBI Says Indian Banks Not Facing Any Stress
Nov 11, 2011, 07:54 PM ISTNew Delhi, Nov 11: Amid contradictory ratings by global agencies, the Reserve Bank today said Indian banking sector is not facing any stress, though state-owned lenders need capital infusion.“Overall, we don't see any fundamental stress
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UK Bans Nearly 1,900 Indian Banks For Student Visa
World | Oct 25, 2011, 03:56 PM ISTLondon, Oct 25: Britain today published a list of nearly 1,900 banks in India - most of them cooperative - whose financial statements will not be accepted for student visa purposes, a move that is