Indian Banks Archives

Mule accounts are used by fraudsters to move illegal funds through the banking system

Indian Banks Association seeks power to freeze accounts in illicit transaction...

Team PGurus - April 13, 2025 1

Banks seek power to block mule accounts To check cyber fraud through mule accounts, banks are seeking authority to freeze accounts involved in channelling illicit...

Mallya remains on bail in the UK while a “confidential” legal matter believed to be related to an asylum application is resolved in connection with the unrelated extradition proceedings

International/ World news

Indian banks win UK bankruptcy appeal in the Vijay Mallya case

Team PGurus - April 9, 2025 1

Vijay Mallya’s appeal against UK bankruptcy ruling rejected A consortium of Indian banks, led by the State Bank of India, on Wednesday won their court...

RBI said it has finalized a strategic action plan for 2024-25 and envisaged liberalization of external commercial borrowing framework

Banking

RBI to allow opening of rupee account outside India

PGurus Newsdesk - May 31, 2024 0

RBI to boost rupee's internationalization, liberalize norms for non-residents On Thursday, the Reserve Bank of India (RBI) allowed the opening of rupee accounts outside India...

The deposits in these accounts are above Rs 2.03 lakh crore and about 34 crore RuPay cards have been issued in these accounts free of cost

Banking

Over 50 cr Jan Dhan accounts opened in 9 yrs since...

PGurus Newsdesk - August 19, 2023 0

Over Rs.2.03 lakh cr has been deposited in Jan Dhan accounts, about 34 cr RuPay cards issued The total number of Jan Dhan accounts have...

India’s lengthy legal processes remain a major impediment to the implementation of an effective framework for bankruptcy and resolution, says the credit rating agency

Banking

Indian banks’ operating environment stronger, but structural issues continue to affect:...

PGurus Newsdesk - August 16, 2023 0

The operating environment for Indian banks has improved, says Fitch Ratings According to a recent report by Fitch Ratings, the operating environment for Indian banks...

Indian banks have benefited from a pickup in credit growth and improving asset quality as the country's economy continues to consolidate a recovery

Banking

Indian banks gave highest returns in Asia-Pacific region for second consecutive...

PGurus Newsdesk - January 13, 2023 1

S&P Global reports: Indian banks outperform Asian peers in Q4 2022 stock returns Indian banks posted some of the best total stock returns among their...

Presenting the figures of the last five years in Parliament, Sitharaman has told that the loans stuck in the banks for the last five years have been transferred to the write-off account as per the RBI guidelines

Finance

Indian Banks wrote off loans amounting to Rs.10.09 lakh crores in...

Team PGurus - December 20, 2022 1

SBI wrote off the highest amount of bad loans in 2021-22 India’s banks have written off loans amounting to over Rs.10.09 lakh crore in the...

The rating agency expected inflation at 6.8 percent for the current fiscal and 5.8 percent in January-March 2023

Economy

Inflation, rate hike won’t knock out Indian Inc: S&P Global Ratings

PGurus Newsdesk - August 26, 2022 0

Banks will not be immune, but in stress scenarios, NPLs could rise modestly, says report Indian companies and banks are expected to feel the bite...

Moody's Investors Service is hopeful that India's economy will continue to recover in the next 12-18 months with GDP growing 9.3 percent in the fiscal year ending March 2022

Banking

With India picking up economic activity Moody’s hopeful for credit growth:...

PGurus Newsdesk - October 20, 2021 0

Moody's Corporation revises outlook for Indian banking system to stable from negative American business and financial services company, Moody's Corporation, has revised the outlook for...