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Indian banking Sector insulated against Covid-19, expects improved profitability even as asset quality remains monitorable

Indian banking Sector insulated against Covid-19, expects improved profitability even as asset quality remains monitorable

🕔18:13, 24.Oct 2021

Mumbai, Oct 24 (IANS) The second wave of the Covid-19 pandemic posed challenges for banks like increase in overdue levels and higher infection rates among employees, impacting collections and resulting in higher slippages and some increase in the restructured book. However,

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Proposal allowing loan restructuring to extend uncertainty over banking sector’s asset quality: Fitch

Proposal allowing loan restructuring to extend uncertainty over banking sector’s asset quality: Fitch

🕔07:43, 12.Aug 2020

New Delhi, Aug 12  The RBI’s proposal to allow banks to restructure loans will extend uncertainty over the sector’s asset quality, said Fitch Ratings. According to Fitch Ratings, the policy could open a window for banks to build capital buffers

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Banking sector more responsive to people’s needs

Banking sector more responsive to people’s needs

🕔13:20, 8.Mar 2016

New Delhi, March 8  A major change taking place in India’s financial system is the greater responsiveness of the formal banking sector to the articulated needs of the population, the government said on Tuesday.“The culture is changing in India and

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India needs reforms in banking sector: Jaitley

India needs reforms in banking sector: Jaitley

🕔14:59, 3.Jan 2015

Pune, Jan 3  India needs to conceive several reforms in the banking sector, Finance Minister Arun Jaitley said here Saturday. “There is a need to get the best talent into the system. There is a need for far greater autonomy

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