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India banking sector News

18 Nov 2021

Government reforms have transformed banking sector, says PM Narendra Modi

PM Narendra Modi was speaking at symposium to 'Build Synergy for Seamless Credit Flow and Economic Growth'

India banking sector

08 Jun 2018

India should address banking crisis to support investment, says IMF

These steps include the recognition of these non-performing assets, the resolution framework under the Insolvency and Bankruptcy Code, IMF said

India credit ratios

03 Oct 2017

H1 credit ratio improves massively, trend may sustain: Crisil

Barring the stressed assets, the rating agency expects the corporate credit quality to continue recovering, driven by further improvement in balance sheets.

Finance Minister Jaitley

12 Jun 2017

RBI actively working on NPA resolution, action soon: Arun Jaitley

Besides NPA resolution and bank finances, the meeting also featured the government's financial inclusion schemes.

Finance Minister Jaitley

12 Jun 2017

FM Arun Jaitley meets PSU bank chiefs; reviews NPA situation

Jaitley also reviewed the financial performance of all the public sector banks (PSBs) at the meeting.

Finance Minister Jaitley

12 Jun 2017

Arun Jaitley to meet PSU bank chiefs today to review NPA situation

Besides, the minister will review the financial performance of all the public sector banks (PSBs) at the meeting, the first between Jaitley and them in the current fiscal.

04 May 2017

Bank stocks surge up to 9% on NPA resolution push

Bank stocks were in the limelight today, surging by up to 9 percent on the government's decision to put in place a mechanism to effectively deal with the problem of mounting bad loans in the sector.

04 May 2017

Cabinet has taken significant decision on banking sector: Jaitley

India`s cabinet has taken significant decisions on the country`s banking sector, Finance Minister Arun Jaitley said, declining to give further details, saying it needed a Presidential accord.

10 Mar 2017

Banks to remain closed for three days; complete urgent bank transactions today

Banks will be closed for three consecutive days from March 11 to March 13.

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