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Tamal Bandyopadhyay: New Challenges Facing Banks - Rediff.com Business

As the fight for deposits intensifies, the cost of money will rise and the margin will be under further pressure, points out Tamal Bandyopadhyay. ....

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Over Rs1.20 Lakh Crore Lying in Inoperative Bank Accounts on Way To Becoming Unclaimed Funds

As 2023 draws to a close, the finance ministry informed Parliament of a surprising 28% increase in unclaimed deposits to Rs42,270 crore on 31 March 2023 (against Rs32,934 crore during FY21-22). ....

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RBI Imposes Rs 10.34-Crore Penalties On Citibank, Bank of Baroda, IOB For Non-Compliance With Norms

The Reserve Bank of India has imposed a penalty of Rs 5 crore on Citibank, Rs 4.34 crore on Bank of Baroda, and Rs 1 crore on Indian Overseas Bank ....

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PSU banks' asset quality up, Q2 bad loan provision drops

The PSU banks continued to show a sustained improvement in the September quarter. At the aggregate level, the provisioning for bad loans or loan loss provisioning for the 12 listed PSU banks fell to Rs 16,552 crore compared with Rs 16,875 crore in the previous quarter and Rs 18,138 crore in the year-ago quarter. ....

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Bad loan provisioning of PSU banks fall in Q2 amid improving asset quality

The PSU banks continued to show a sustained improvement in the September quarter. At the aggregate level, the provisioning for bad loans or loan loss provisioning for the 12 listed PSU banks fell to Rs 16,552 crore compared with Rs 16,875 crore in the previous quarter and Rs 18,138 crore in the year-ago quarter. ....

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