Digitisation and proposed ARC for bad loans and development financial institution will help the banking industry reboot. The 25th edition of the BT-KPMG Best Bank Study brings you future ready banks and Fintechs

Global fintech investments stood at a whopping $105 billion across 2,861 deals in the year, the third-highest annual total ever, as per the data collated by KPMG India

Punjab & Sind Bank will allot preferential shares to the government next month in lieu of Rs 5,500 crore capital infusion into the bank

Although banks have bolstered their capital buffers in comparison to the global financial crisis, the stress in the financial sector's balance sheets could intensify, noted MPC member Michael Debabrata Patra

Private wealth creators are solely responsible for India's banking stress; increasingly fleeing India with their wealth and bank loans, and those making huge profits are doing so by cutting jobs and wages

Future may face liquidation if the deal, already mired in legal wrangling, falls through and banks are actively discussing an alternate one-time restructuring option

Little attention to direct income support, health and education deprivations, and revival of small businesses will keep the demand and production of goods and services depressed in FY22

In spite of criticism and Opposition jibes, the Centre commits itself to selling most PSUs; sets ambitious disinvestment target for FY22

India Stock Market News Updates Today: Sensex scaled record high of 51,073.27 while the Nifty hit record high of 15,014.65 level in early trade. SBI, Kotak Bank, IndusInd Bank, HDFC, ONGC and Axis Bank were top gainers in the Sensex pack

India Stock Market News Updates Today: Earlier today, Sensex rose above the psychological key level of 50,000 and Nifty neared 14,700

With a cohesive effort from both public and private players, the Indian bio-pharma industry has the potential to unlock tremendous growth over the next few years

For people to benefit, the budget needs overhauling to create jobs; revive small businesses; address poverty and health and education deprivations. Pursuing the existing paradigm of growth may push GDP and stock markets up without improving the living standards of the vast majority

The current capital adequacy levels in PSBs do not look too bad, but the current regulatory forbearance post Covid hides the real picture

Setting up a BIC as a holding company or a core investment company was suggested by the P J Nayak Committee in its report on 'Governance of Boards of Banks in India'

Despite continuous and comprehensive attention to industry, its contribution to income (GDP) and employment didn't touch 25% and 14%, respectively. It is time to give equal, if not more, attention to services and agriculture that consistently contribute the most to income and employment, respectively

To save interest burden and ease fiscal pressure, government has decided to issue zero-coupon bonds for bank recapitalisation; RBI has raised concerns over calculation of an effective capital infusion made in any bank through this instrument issued at par

The audit may be going to analyse the impact of capital infusion in PSBs and how it has been able to improve the financial parameters such as Return on Assets (ROA), Return on Equity (ROE) and rate of growth of advances, sources said

The stock price of the private lender opened higher at Rs 17.70 today and gained to day's high of Rs 17.81 on BSE. Later, the stock erased early gains and fell 1.3% to hit an intraday low of Rs 17.49, against the last close of Rs 17.73

Scheme was started by Centre in May under which it decided to link grant of additional borrowing permissions to states undertaking the ease of doing business reforms

Despite the pandemic, the lockdown and the consequent damage done to the economy, there are quick signs of recovery, Financial Services Secretary Debasish Panda said