‘Seeds’ of the NPA crisis sown during UPA regime, IBC addressed the issue effectively: Sitharaman
New Delhi: The ‘seeds’ of the NPA crisis were sown during the Congress-led UPA era through ‘phone banking’, when loans were given to undeserving businesses under pressure from UPA leaders and party functionaries. Banks were forced to neglect proper due diligence and risk assessment before sanctioning these loans, Finance Minister Nirmala Sitharaman said on X.
Best Banks For Savings Accounts Services In India
In this article, let us look at the top 10 banks in India. A suitable savings account can help you save more money in the long run and invest them in the right avenues to grow your wealth in the future. Here are the top 10 banks in India ranked in order of the efficiency of their savings accounts:
Exposure of domestic banks to Adani Group 'limited', says rating agency Moody's
Mumbai/IBNS: Rating agency Moody's Investor Services has said the Indian banks face “limited” risk due to a massive decline in the value of Adani, according to media reports.
All India bank strike on Nov 19: AIBEA
Hyderabad: To oppose the unlawful and unfair actions of the bank managements, and to protest against these attacks, All India Bank Employees' Association (AIBEA) has given the call for a one-day nation-wide strike next Saturday.
Jamshedpur/IBNS: Financial Market Centre (FMC) of XLRI hosted a webinar on “Structural Changes in the Banking Sector in the light of macroeconomic developments” on July 21, 2021.
Bank privatisation is nothing but just a political agenda, says former Andhra MLC Nageshwar
Hyderabad/UNI: Former Andhra Pradesh MLC, Dr Prof K Nageshwar said the privatisation of banks by the Central government is nothing but just a political agenda and insisted on creating more awareness among the public around the dire need to save Public Sector Banks (PSBS) from the political influence and privatisation in order to safeguard 'People’s money for People’s welfare'.
HDFC Bank Q4 result: Net revenue up 18.2 per cent from year ago quarter
Mumbai/IBNS: HDFC Bank Limited published its fourth quarter and full year (ending March 31, 2020) results on Saturday.
Visit Bank branches only for urgent needs : AIBEA to customers
Hyderabad/UNI: All India Bank Employees' Association (AIBEA) on Wednesday appealed to customers to visit bank branches only for their urgent needs.
Indian Bank rolls out measures for employee safety and customer service
Mumbai/IBNS: Indian Bank on Tuesday said it has reached out to its valued customers under its ‘Pay Safe-Stay Safe’ campaign to play its part of being a responsible organisation of the country in its fight against the coronavirus pandemic.
FM Nirmala Sitharaman assures depositors money is safe in banks
New Delhi/UNI: Union Finance Minister Nirmala Sitharaman on Saturday sought to assure the people that schedule commercial banks and depositors money is absolutely safe and that a robust mechanism is in place to monitor them.
Banks are no more puppets of any govt: Arun Jaitley
New Delhi, Feb 28 (UNI) Union Finance Minister Arun Jaitley said on Thursday that the UPA regime was a great learning experience and taking a cue from them, they have provided public sector banks such a competitive environment and easy norms that they are no more puppets of any government.
Banks may need 20% incremental provisioning for 50 large stressed assets: Study
New Delhi, Aug 4 (IBNS): Banks may require an incremental provisioning of 20 per cent against cumulative debt of 50 large stressed assets worth over Rs.3 lakh crore in construction, power, metals and other sectors that constitute about half of the gross non-performing assets of the banking sector, noted a recent joint study by ASSOCHAM-Crisil.
Banks accelerate Blockchain Investment, reveals Infosys Finacle and LTP study
Bangalore, Feb 7 (IBNS): Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, along with its partner Let's Talk Payments (LTP), on Tuesday released a global survey report - 'Blockchain Technology: From Hype to Reality'.
Budget 2017: Income tax for MSMEs with annual turnover upto Rs. 50 Crore is reduced to 25 per cent
New Delhi, Feb 1 (IBNS): Presenting the General Budget 2017-18 in Parliament on Wednesday, Union Finance Minister Arun Jaitley said that the income tax for smaller companies with annual turnover upto Rs. 50 crore is reduced to 25% in order to make MSME companies more viable and also to encourage firms to migrate to company format.
Following notes ban, tax collection increased: Arun Jaitley
New Delhi, dec 29 (IBNS): Union Finance Minister Arun Jaitley on Thursday said income tax collections have increased to the extent of 14.4 per cent due to government's demonetisation move.