• 

  RBI cuts repo rate: SBI Chairman reveals when banks may reduce deposit rates

  Business | February 11, 2025 14:50 IST

  SBI 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.

• 

  Indian banking system under major ransomware attack, many banks turn offline, NPCI halts services

  Business | July 31, 2024 22:59 IST

  In 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.

• 

  Asset quality of Indian banks will be stable in 2023, claims Moody's latest report

  Business | January 19, 2023 12:25 IST

  In its report, Moody's asserted that Indian banks will profit from a stable operating environment and considerable increases in their solvency indicators.

• 

  Bank holidays in July 2022: Banks to remain closed for 14 days this month. Here's full list

  Business | July 14, 2022 9:17 IST

  Bank 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.

• 

  Need to make Indian banks, currency important part of international trade, supply chain: PM Modi

  India | June 06, 2022 17:07 IST

  The 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.

• 

  Indian banks risk losing $9 billion revenue to e-wallets by 2025

  Business | October 31, 2019 15:58 IST

  As 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.  

• 

  Indian banks pursue Mallya in UK High Court for assets disclosure

  India | July 22, 2019 20:35 IST

  Two 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.

• 

  Outlook on Indian banks stable for next 12-18 months: Moody’s Investors Service

  Business | December 03, 2018 10:55 IST

  On 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.

• 

  'Worst almost over for Indian banks as stressed loans cleared, capital base expanded by fund infusion'

  Business | July 31, 2018 21:05 IST

  In 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.

• 

  Vijay Mallya loses Rs 10,000 crore lawsuit in UK filed by Indian banks

  Business | May 08, 2018 23:31 IST

  The victory for the banks will enable them to enforce the Indian judgment against Mallya's assets in England and Wales. 

• 

  56.4 per cent surge in Bank NPAs in 2016

  February 20, 2017 13:07 IST

  State owned banks in India witnessed 56.4 per cent surge in Gross non-performing assets (NPAs) or bad loans in the year 2016.

Advertisement
• 

  Indian banks now face another cyber attack breaching their SWIFT systems: Report

  January 16, 2017 10:54 IST

  While 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.

• 

  ICICI, SBI among 26 Indian banks being targeted by new phishing website: US report

  December 01, 2016 16:49 IST

  US-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)

• 

  Worst over for Indian banking sector, outlook stable for next 12-18 months: Moody’s

  September 19, 2016 19:47 IST

  Owing 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

• 

  Rajan says will not let system fail, but clean-up must continue

  February 13, 2016 23:44 IST

  Kochi: 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

• 

  Improvement in banks' asset quality to take time: S&P

  March 18, 2015 17:36 IST

  New 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

• 

  Iran Allows Part Payment In Rupees For Crude Sale To India

  February 07, 2012 15:25 IST

  New 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

• 

  RBI Says Indian Banks Not Facing Any Stress

  November 11, 2011 19:54 IST

  New 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

• 

  UK Bans Nearly 1,900 Indian Banks For Student Visa

  World | October 25, 2011 15:56 IST

  London, 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