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NPA crisis: PNB’s recovery of bad loans doubled to Rs 20,000 crore in FY19

State-owned Punjab National Bank (PNB) recovered Rs 20,000 crore of bad loans during the financial year ended March 2019, almost double the recovery...

RBI holds meeting over coin-storage crisis of banks in Shirdi

The Reserve Bank of India has instructed nationalised banks to continue to accept coins deposited by the famous Saibaba temple at Shirdi in...

RBI slaps Rs 10 lakh fine on South Indian Bank

The RBI Wednesday said it has imposed a fine of Rs 10 lakh on South Indian Bank for violating norms regarding bank guarantees....

Banks’ non-food credit growth at a 14-month low

Non-food credit growth in the banking system fell for the fifth straight fortnight to 12.26% year-on-year (y-o-y) — a 14-month low — for...

NPA resolution: IBA releases revised ICA draft to help banks

By Mitali SalianThe Indian Banks’ Association (IBA) released a revised draft of the inter creditor agreement (ICA) on Tuesday, in compliance with the...