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Private sector banks News

17 Sep 2018

NPA provisions for banks may stay elevated till FY20: Report

Banks will continue with credit costs or provisions of up to 3 percent for both the ongoing fiscal as well as the one after, according to the rating agency.

Moody's Investors Service

04 Jan 2018

Higher NPA provisioning to impact banks in 2018/19: Moody's

The government in October last year announced plans to infuse Rs 2.11 lakh crore into PSU banks over the next two years.

Credit growth banks

02 Sep 2017

Credit growth of banks slowed to 8.1% in 2016-17: Report

"The gross non-performing advances (GNPA) of banks rose to 9.6 per cent in March, 2017 from 7.5 per cent in March, 2016. The net NPA ratio of banks stood at 5.5 per cent in March 2017," the report said.

All India Bank Employees Association (AIBEA)

07 Aug 2017

Bank unions call for all-India strike on August 22

Bank employee unions have called for a nation-wide strike on August 22 to protest against privatisation and merger of public sector banks, among other demands, a union leader said on Monday.

27 Apr 2017

Bandhan Bank reports Rs 1,111 crore net profit for FY17

Private sector lender Bandhan Bank on Thursday reported a net profit of Rs 1,111 crore for fiscal 2017 and announced that the small business segment will be its area of focus in the coming times.

public sector banks

15 Feb 2017

Ind-Ra maintains stable outlook for large public, private banks

Domestic rating agency Indian Ratings and Research on Wednesday released a report on health of large public sector banks and private banks.

13 May 2016

RBI tweaks shareholding norms for private sector banks

The Reserve Bank has issued new guidelines on ownership in private sector banks by bundling shareholding patterns into two broad categories of individuals (natural persons) and legal entities/institutions, but retained the cap on foreign ownership at 74 percent.

29 Jan 2016

No rethink on Mar'17 deadline for banks on balance sheets: RBI

The restructured and bad assets combined together have gone over 13 percent.

04 Dec 2015

Chennai floods: Banks to remain open on Sunday

The banks have also been asked to replenish cash in all ATMs.

social security schemes

12 Jun 2015

10.17 cr people enrolled under 2 social security schemes: FM

"As far as the two insurance schemes, Sukasha and Jeevan Jyoti, are concerned we have now touched a figure of 10.17 crore. In just one month and three days we have already crossed the 10 crore figure," Finance Minister Arun Jaitley told reporters here.

31 May 2015

ATM use: HDFC Bank to stop paper slips,to send detailed SMSes

This is a part of the digital initiative for the bank, under which it had last year launched the 'Green PIN' scheme wherein card-users were given the PIN numbers electronically rather than in a printed kit, the official said.

Yes Bank Limited

22 Apr 2015

Yes Bank plans up to $1 billion share sale

Yes Bank Ltd, India`s fifth-biggest private sector lender by assets, said on Wednesday its board approved a plan to raise up to $1 billion by selling stock in local or overseas markets to shore up its capital base.

17 Mar 2015

Yes Bank targets larger share of retail market

Yes Bank, India`s fourth-largest private sector lender by assets, aims to increase the proportion of retail deposits on its books to 60 percent in three years as it expands its appeal to consumers to take on its bigger rivals.

25 Nov 2014

PSU banks account for over 90% of total bad loans in FY'14

Private sector banks had gross NPAs of Rs 22,738 crore as of March 31, 2014.

Jan Dhan Yojana

26 Aug 2014

PM to launch Jan Dhan Yojana on Aug 28; 1 crore bank A/Cs on day 1

The government plans a mega launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) by Prime Minister Narendra Modi on August 28, which is likely to see opening of one crore bank accounts on the first day itself.

30 Jun 2014

ICICI to open branches in Australia, SA, Mauritius: Kochhar

ICICI has the largest overseas network among Indian private sector banks.

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