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A cashier examines Indian rupee banknotes at the Mayuresh Watches and Traders watch and mobile phone store in the Byculla area of Mumbai

Pay loan EMI if you can. Interest payable will increase if you don’t, banks tell borrowers

The Indian Banks' Association has put out answers to customer queries to address confusion over RBI's 3-month loan moratorium.
Yes bank

Indian banks face risk from $13 Billion telecom dues, UBS says

Payment of the dues after the Supreme Court verdict may erode the telecom operators’ cash flows, especially those of Vodafone India.
A cashier examines Indian rupee banknotes at the Mayuresh Watches and Traders watch and mobile phone store in the Byculla area of Mumbai

Indians will soon have greater control over their financial data as banks ready new process

The 'account aggregator' system, offered by banks and licensed by RBI, gives consumers access to a wide swath of their financial data and allows them to share it instantly.
Yes bank

Yes Bank should be merged into SBI if India wants to avoid a banking tragedy

The news coming out of Yes Bank still manages to shake confidence despite the massive bad loans India’s financial system is choking on.
RBI

RBI dismisses claims of commercial banks closing down

This is the second time in less than two years that policy makers had to publicly come out in support of Indian banks, which are grappling with the world’s worst stressed loan ratio.
File image of Finance Minister Nirmala Sitharaman | Photo: PTI

Modi govt creates bank behemoths but Q1 growth slump dampens the mood

Modi govt is counting on larger and healthier banks to spur fresh credit and revive growth that came in far lower than economists expected.
Reserve Bank of India (RBI) headquarters in New Delhi | Anindito Mukherjee/Bloomberg

Improved credit growth doesn’t mean there is an improvement in the health of Indian banks

Latest bank credit data, with highest reported growth to infra sector, highlights lack of fundamental reform in India’s banking sector.

How this small bank from Tamil Nadu has outperformed the giants in the stock market

City Union Bank has beaten larger rivals such as HDFC Bank & SBI, thanks to its successful record in lending to SME sector while keeping a lid on bad loans.
RBI logo displayed on a gate at the central bank's headquarters in New Delhi | Bloomberg/Bloomberg

Good news for banks after Gross Non-Performing Assets decline to 10.8%

Even private sector banks saw gross NPAs falling to 3.8% in September 2018 from 4% in March 2018.
Nitin Gadkari

Nitin Gadkari says India’s infrastructural development needs support from banks

Bankers are dithering about lending decisions as they fear that if a decision goes wrong, they could be subject to probes. 

On Camera

Vir Das incident proves rogue sneezing and coughing are the new guns during Covid-19

Comedian Vir Das’s Twitter post showing a neighbour threatening to sneeze on him points to a growing global trend of people using sneezes & coughs as threats.

Yogi vs Uddhav vs Piyush Goyal: Will politics over migrant workers hurt economic revival?

Maharashtra CM Uddhav Thackeray’s accusation that the Railways is not running enough trains to ferry migrant workers sparked a Twitter war with Railway minister Piyush Goyal.

Defence

Indian Army

Ladakh stand-off, Kashmir, ammunition & training — agenda for Army commanders’ meet tomorrow

The biannual event is attended by the top Army leadership to brainstorm on new security and administrative issues, and plan a roadmap.
Illustration: Soham Sen | ThePrint

PM, CM, DM: India’s 3 big power centres have been exposed by one disaster

The prime minister, chief minister and district magistrate are the three engines of India’s governance, but their handling of the coronavirus pandemic is going awry.