PCR is the ratio of provisioning to gross non-performing assets and indicates the extent of funds a bank has kept aside to cover loan losses. Some banks make record provisions against bad loans.Banks clean up books as NPA additions slow over the past year.
PNB may take control of 2-3 small state-run banks. The government is seeking to consolidate the nation’s debt-burdened state banking sector.
The government is soon likely to invite select lenders for discussion on a second round of merger in public sector banks, according to a finance ministry official.
MUMBAI: The complete integration of Dena Bank and Vijaya Bank with Bank of BarodaNSE -0.86 % (BoB) is expected to take nearly 18 months. But customers will reap the benefits much earlier. BoB will be providing cash deposit and withdrawal facility in all branches by May. In an interview with TOI, BoB MD & CEO PS Jayakumar speaks of what customers, employees and investors can expect.
The Reserve Bank of India (RBI) will, for the time being, leave it to individual banks to decide how best to deal with corporate loan defaulters, and the government will exercise its majority shareholder rights to nudge state run banks to take insolvent companies to bankruptcy courts
Institute is pleased to announce Self-Paced E-learning courses (SPeL) for two of its certificate courses namely 1. Digital Banking and 2. Ethics in Banking.
The Finance Ministry has asked the 6 remaining PSBs, currently under PCA, to improve on 7 parameters to get the Govt’s support for coming out of the PCA framework.
Niti Aayog Vice-Chairman Rajiv Kumar on Tuesday said the central bank’s institutional capabilities are ‘very strong’ and it will do whatever is required for the markets and economy.
The Indian government must heed the RBI’s message on financial stability, IMF’s Chief Economist Maurice Obstfeld has said, amidst reports of friction between the central bank and the finance ministry over several issues, including how much capital the apex bank needs.
With the appointment of Shaktikanta Das as the new governor of the RBI, the top position at the central bank returns to a career bureaucrat after a gap of five years when D. Subbarao demitted office in 2013