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New Delhi: The Congress on Tuesday opposed the proposal to allow corporates and business houses enter the banking sector, contending that this move will leave the...
Chennai: The Reserve Bank of India (RBI) should take a prompt and correct action of merging the 93-year-old Lakshmi Vilas Bank (LVB) with a nationalised bank,...
The fund infusion would be for meeting regulatory capital requirements if the need arises in October-December quarter, sources said
Earlier the bank closed down many of its branches in north Indian States owing to inadequate controls which landed the bank into problems.
The parties will endeavour to finalise the Bipartite Settlement within a period of 90 days from July 22, the agreement said.
Mumbai, March 13 : As the Union Cabinet on Friday approved the RBI’s reconstruction scheme for Yes Bank, major private banks have come out with investment...
"Despite the loan waiver of about Rs 8 lakh crore, it was not mentioned whose loans have been waived? Why this privacy," Shrinate said.
The RBI, however, said the financial system remains stable despite weakening domestic growth.
Mumbai, Dec 25 : Banks’ exposure to sensitive sectors that comprise capital market, real estate and commodities edged up to 23.5 per cent of total loans...
"Net NPAs decreased by 51 per cent from Rs 22,086 crore on September 30, 2018 to Rs 10,916 crore on September 30, 2019," it said.
Mumbai, Sep 3 (IANS) Investor panic over the country’s lower than expected GDP growth figure of 5 per cent in the first quarter ending June, released...
New Delhi, July 2 (IANS) The Non-Banking Financial Company (NBFC) sector, which is amidst a liquidity crisis after a series of defaults by IL&FS, is in...
New Delhi, May 21 (IANS) While the banking sector’s non-performing assets (NPAs or bad loans) are receding, the balance sheets of state-run banks, however, continue to...
Chennai, Dec 1: The United Forum of Bank Union (UFBU) – a consortium of nine unions in the banking sector – will strike work on December...
Mumbai, July 21: HDFC Bank on Saturday reported a 18.2 per cent increase in its net profit to Rs 4,601.4 crore during the quarter ended June 30...
New Delhi, May 29: More than 10 lakh bankers in government and private banks go on a 48-hour strike starting from today, against meagre salary hike. According...
United Nations, April 18: The International Monetary Fund (IMF) has urged India to strengthen the ability of banks to go after debtors and warned that debts negatively...
The Prime Minister must tell the nation the reasons for the failure of the fraud detection ability of the entire banking sector and the Finance Ministry.
Hong Kong, July 4: Credit rating agency Moody’s reported on Tuesday that it has revised the outlook for banks in the Asia Pacific from negative to stable....
Chennai, January 30: With lowest credit consumption in the recent times, allocation of money for infrastructure, capital infusion, activation of the new laws are the major...
Mumbai, November 22: In the absence of meatier capital injections and ongoing currency ban in India, premium credit rating agency, Fitch Ratings Inc, retained its “negative”...
COVID-19 affects different people in different ways. Most infected people will develop mild to moderate illness and recover without hospitalization.