Osaka: As ten state-run banks have been swept by a wave of loss in the March quarter, Finance Minister Arun Jaitley vowed to provide greater capital support to lenders while warning that defaulters will not
India will have 8-10 very competitive public sector banks once the "dust settles" and the consolidation phase ends, Union Minister Jayant Sinha said on Friday.
New Delhi: The top 50 defaulters of public sector banks (PSBs) had exposure in excess of Rs 1.21 lakh crore as on December 2015, parliament was told today. "The total exposure of top 50
New Delhi: The consortium of banks on Monday alleged in the Supreme Court that Vijay Mallya, who has been in United Kingdom, is not cooperating in the investigation of cases lodged against him and was
Pune: Former Comptroller and Auditor General of India and Banks Board Bureau chairman Vinod Rai on Wednesday said not all loan defaults are willful and not all lenders are corrupt as he stressed that ongoing
New Delhi: State Bank of India has lowered its lending rate for home loans to 9.45 per cent and further to 9.4 per cent for women customers following implementation of a new interest rate calculation
Mumbai: The Reserve Bank of India (RBI) has asked banks to keep their branches, which conduct government business, open for full day on March 30 and till 8 pm on March 31 to facilitate the
New Delhi: Cyber criminals allegedly hacked the Bangladesh Central Bank's computer system and stole Rs 537 crores ($80 million), amounting to one of the biggest bank thefts of all times. Though, a bigger heist of
New Delhi: Taking a cue from Prime Minister Narendra Modi's ambitious 'Make in India' and 'Digital India' programmes, Tata Mutual Fund plans to launch two new schemes based on these initiatives.Besides, Tata MF plans to
New Delhi: Normal working at banks was affected today due to a nationwide strike called by 10 central trade unions, although the staff of SBI, IOB, ICICI Bank, HDFC Bank and Axis Bank stayed away
New Delhi: Bad loans at public sector banks have increased to Rs 2.67 lakh crore at the end of March 2015 from Rs 2.16 lakh crore a year ago, minister of state for finance Jayant
Athens: Banks in Greece re-opened on Monday after three weeks of closure sparked by the deadlock over the country's debt, a media report said.People will be now able to withdraw up to 420 euros (about
Athens, Greece: Greek banks are reopening Monday after a forced 3-week closure but restrictions on cash withdrawals will remain.In a decree Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($65)
Stanford (California): Praising the positive role being played by public sector banks, Finance Minister Arun Jaitley today said the government has not yet decided on the exact recapitalisation figures for them. “I have not decided
New Delhi: As many as 26 shortlisted candidates, including executives from private sector banks, are to appear for interviews here for two days from Monday, for the posts of chief executive and managing director at
New Delhi: Public sector banks today gave an assurance that they will make “greater” cuts in interest rates in the coming days and weeks, Finance Minister Arun Jaitley said.He disclosed this after a meeting with
Washington: Four big banks will pay $2.5 billion in fines and plead guilty to criminally manipulating global currency market going back to 2007.JPMorgan Chase, Citigroup, Barclays and The Royal Bank of Scotland conspired with one
New Delhi: To ensure that banks and ATMs in the city have foolproof security, the Delhi government has asked them to hire the services of only licensed private security agencies.The government has also directed private
New York: A report from a cybersecurity firm says an international hacking ring has stolen up to $1 billion from banks around the globe in what would be one of the biggest banking breaches known.The
Mumbai: Seeking to increase insurance penetration in the country, the Reserve Bank on Thursday allowed banks to act as brokers for insurers, set up their own subsidiaries and also undertake referral services for multiple companies.“Banks
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