Search For "banking sector"
Gross NPAs to reach Rs. 9, 50,000Cr by March '18
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 23 (ANI): With the Indian banking sector currently under stress, gross NPAs are expected to rise from Rs. 8 lakh crore to Rs. 9.5 lakh crore by March this year, an ASSOCHAM-Crisil study noted.
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Banking sector posts 10.7 pct YoY growth in Dec'17
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 6 (ANI): The banking sector sustained its growth momentum post the Centre's public sector bank (PSB) recapitalisation plan by driving a significant surge in credit growth.
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Rising NPA in education loan propelling banks' stress
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 26 (ANI): Amid the ongoing crisis caused by increasing Non-Performing Assets (NPAs) in the banking sector, default payment in education loans is adding on to this, the data released by the Indian Banks' Association (IBA) revealed.
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CII suggests measures to govt to strengthen banking sector
Updated : 8 years, 3 months ago IST
New Delhi [India], December 6 (ANI): Hailing the government's powerful package of Rs 2.1 lakh crore for bank recapitalisation, Shobhna Kamineni, President Confederation of Indian Industry (CII) has urged the government to take further reforms to strengthen the banking sector.
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If you educate a woman you educate a generation: Chanda Kochhar
Updated : 8 years, 3 months ago IST
Hyderabad (Telangana) [India], Nov 29 (ANI): ICICI Bank Managing Director and CEO Chanda Kochhar on Wednesday highlighted that there is no other country in the world other than India where 40 percent of the banking sector is headed by women.
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'Customer experience an integral part of Indian banking'
Updated : 8 years, 4 months ago IST
Mumbai (Maharashtra) [India] Nov. 7 (ANI): Customer experience an integral part of Indian banking, observed doyens of the finance and banking at a panel discussion during the second day of FIBAC 2017, India's largest banking sector conference organised here by FICCI and Indian Banks' Associa
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Stressed assets core area of concern: FM Jaitley at IBA Annual Meeting
Updated : 8 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 22 (ANI): Union Finance Minister Arun Jaitley on Friday stated that although the banking sector has seen a substantial revamp, the problem of stressed assets still persists and remains the core area of concern.
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Banks may need 20% incremental provisioning for 50 large stressed assets:
Updated : 8 years, 7 months ago IST
New Delhi [India], August 3, (ANI): Banks may require an incremental provisioning of 20 per cent against cumulative debt of 50 large stressed assets worth over Rs 4.3 lakh crore in construction, power, metals and other sectors that constitute about half of the gross non-performing assets of
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FICCI fully supportive of Centre's move to act against NPAs
Updated : 8 years, 7 months ago IST
New Delhi [India], May 5 (ANI): The Federation of Indian Chamabers of Commerce and Industry (FICCI) has said that it fully supports the steps taken by the government and the Reserve Bank of India to address the issue of rising NPAs which have plagued the banking sector.
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RBI's tightening of prompt corrective action framework positive for b
Updated : 8 years, 7 months ago IST
New Delhi [India], Apr 19 (ANI): According to credit rating agency ICRA, the Reserve Bank of India's (RBI)'s revision in the prompt corrective action (PCA) framework for the banks is a positive and a welcome step, given the operating and financial profile of some of the banks.
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Asset quality woes to continue affecting banks in FY2018: ICRA
Updated : 8 years, 7 months ago IST
New Delhi [India], Apr. 13 (ANI): Based on an analysis of the asset quality of the Indian banking sector conducted by credit-rating body ICRA, it can be observed that although the fresh non-performing asset (NPA) generation rate continues to show signs of moderation, declining asset quality
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Banking sector looking at full tax exemption in budget
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan.31 (ANI): The banking sector is expecting a reduction in tax rates as well as liberalisation in the FDI policy, as the country prepares for the announcement of the Union budget proposals for 2017-18, which will be announced tomorrow by Union Finance Minister Arun Jaitl
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