Finance Minister Nirmala Sitharaman is expected to present the fourth budget of the Modi 2.0 government on 1 February
Govt reassures state banks it is ready to provide capital support; coronavirus pandemic may lead to surge in bad loans
The government may need to make a provision of at least Rs 20,000-25,000 crore ($5.90 billion) for capital infusion in state-run banks
Govt, RBI preparing bailout plan for Yes Bank; crisis-hit private lender hopes to tie up funds by next week
Early this month, Yes Bank had appointed Anshu Jain-headed global investment bank Cantor Fitzgerald and two domestic entities for its fundraising plans.
Nirmala Sitharaman says states refusing to implement CAA is 'unconstitutional', all have responsibility to ensure law is enforced
Defending the Citizenship (Amendment) Act, Nirmala Sitharaman maintained there was no necessity to mix up the National Register of Citizens (NRC) and National Population Register with the CAA and appealed to those opposing the act not to make allegations that would lead to unrest among the public.
Union Budget 2020-21: Nirmala Sitharaman may announce second round of capital infusion for non-life insurers
Finance Minister Nirmala Sitharaman may announce second-round capital infusion for public sector general insurance companies in the upcoming Budget to improve their financial health
Union Budget 2020: Finance Minister Nirmala Sitharaman has her task cut out for crisis-ridden banking sector
In a normal scenario, these suggestions make sense. But, the state of Indian banking sector is far from normal.
Indian Overseas Bank has reported widening of net loss to Rs 2,253.64 crore for the quarter ended September 30, 2019.
Yes Bank shares tumble 5% ahead of board meeting; lender to finalise, approve proposed capital infusion
Shares of Yes Bank on Tuesday declined by over 5 percent ahead of the board meeting later in the day to finalise and approve the proposed capital infusion
Yes Bank shares continue to fall, plunge nearly 8%; lender's board of directors to finalise capital infusion details on 10 December
Shares of Yes Bank had tumbled 6.5 percent at close of trade on Monday.
Indian banks need $7 bn additional capital by 2020-21 to support loan growth, cover for bad loans: Fitch Ratings
Indian banks need an additional $7 billion (Rs 50,000 crore) equity by 2020-21 to support loan growth and cover for bad loans, Fitch Ratings said on Tuesday adding a slowing economy could exacerbate asset-quality tension for a sector grappling with weak recoveries and ageing provisions
Former RBI governor C Rangarajan on Friday suggested that recapitalisation of banks should be done through by infusing cash rather than issuing Bonds, as he cautioned that Boards of public sector undertakings, including banks, should maintain "arms length" from the Government
Banks to face capital shortfall of Rs 3.5 lakh cr in event of systemic crisis in NBFC sector: Fitch Ratings
Banks would face a capital shortfall of about $50 billion (about Rs 3.5 lakh crore) in the event of a systemic crisis in the non-banking financial company (NBFC) sector, according to a study by global rating agency Fitch
With 'uncertainty' about Lakshmi Vilas Bank deal over now, it is business as usual with more agility, says Indiabulls MD Banga
Entering the banking space would have given IBHFL access to cheap deposits and saved it from regular crises like being faced by the shadow banks now
The application for the merger of Lakshmi Vilas Bank and India Bulls Housing Finance was made in May after both the parties agreed to the merger in April.
Union Bank board okays merger of Andhra, Corporation Bank with itself; clears Rs 17,200-cr capital infusion
Union Bank of India on Monday said its board of directors has approved the merger of Andhra Bank and Corporation Bank with itself and given nod for a capital infusion of Rs 17,200 crore in the current financial year
Public sector lender Canara Bank on Wednesday said its board will meet next week to consider capital infusion of up to Rs 9,000 crore through issuance of preferential equity shares to the government of India
Shares of IDBI Bank on Tuesday jumped nearly 8 percent after the government approved Rs 9,300 crore fund infusion in the company to help improve the bank's capital base and turn it profitable
IDBI Bank gets Cabinet nod for Rs 9,000-cr fund infusion, move aims at increasing lender's capital base
It will help both IDBI and LIC and shows the government's commitment to take banking to a sound level.
Government announces plan to merge 10 PSBs to 4 to gain size: Eight questions on big bank merger exercise
Isn’t the consolidation plan going against the policy of Reserve Bank of India and government’s own idea to give more bank licenses to increase competition
RBI's annual report confirms pain of economic slowdown may linger for a while; ball is in government’s court now
The Reserve Bank of India’s annual report categorically makes it clear that reviving growth is the highest priority for policymakers at this juncture.