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NPAs may continue to crimp banks’ earnings for rest of FY18

Asset quality concerns continue to plague India’s banks, especially those owned by the government, and analysts expect June quarter’s pain to remain in 2017-18. Thirty-seven of the 38 listed banks that reported June quarter earnings till Saturday have posted a 24.3% rise in aggregate gross bad loans to...
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Learn Kannada or Get Sacked, Bank Staff in Karnataka Told

The Karnataka Development Authority (KDA) has asked senior bank managers working in the state to learn Kannada in six months or get sacked. The directive has been aimed at the non-Kannada speaking regional heads of nationalized, private and rural banks.The Authority also said that the day to day...
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Bank of England picks new markets and banking head

The Bank of England has appointed a new deputy governor of markets and banking, a key post left vacant after its first pick was unexpectedly forced to resign over potential conflicts of interest. The central bank said that Sir David Ramsden, a chief economic adviser to the UK...
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