Latest News on Indian Banks
Showing of 0 - 10 from 33 results
Indian Banks - Total results - 33
Feb 06, 2019
'Rs 6,000-cr fraud case by Sandesara Group was daylight robbery': Nitin, Chetan Sandesara spun web to funnel illegal funds from India to NigeriaThe Appellate Tribunal, which works under the department of revenue, has termed the Sandesara Group fraud against the public sector banks as 'daylight robbery' seeking stringent action in the case. Sandesara brothers — Nitin and Chetan Sandesara, owners of Sandesara group of companies and now officially designated economic offenders
Jul 31, 2018
India's weak banking system to strengthen over 2 years as capital base expanded by government's fund infusion: S&PThe government is working on a four-pronged strategy to improve the health of the banking sector: recognition, recapitalisation, resolution, and reform.
Jul 06, 2018
Banks working closely with UK authorities to recover dues from Vijay Mallya after UK court order: SBI MD Arijit BasuSBI is the leader of a consortium of 13 banks that lent money to Mallya's now defunct Kingfisher Airlines.
May 09, 2018
UK court ruling: Vijay Mallya's assets in England, Wales may go under hammer to recover money owed to Indian banksJudge Andrew Henshaw refused to overturn a worldwide order freezing 62-year-old Mallya's assets and upheld an Indian court's ruling that a consortium of 13 Indian banks were entitled to recover funds amounting to nearly $1.55 billion
Feb 15, 2018
Bad loan mess: New RBI rules stoke fears of more NPAs tumbling out of the closetUnder the new process, the RBI requires banks to figure out plans to resolve debts of defaulters with 20 billion rupees ($311 million) or more in outstanding debt by 1 September, or take them to bankruptcy court.
Dec 07, 2017
FRDI Bill depositor friendly, provides more protection, says finance ministryThe FRDI Bill will "strengthen" the system by adding a comprehensive resolution regime which will help ensure that, in the rare event of failure of a financial service provider, "there is a system of quick, orderly and efficient resolution in favour of depositors", the finance ministry statement said
Jul 27, 2017
Moody’s poll: Indian banks most at risk among Southeast Asia peersIndian banks are most at risk in South and South-East Asia.
Jul 17, 2017
Social media payments creating buzz: How Facebook, Twitter, WhatsAPP will make your payments super easySocial media has a massive database of users, even bigger than a bank, so it makes perfect sense to blend online payments with social media platforms
Jun 05, 2017
Vijay Mallya seen at India vs Pakistan cricket match at Edgbaston stadium in BirminghamFormer liquor baron Vijay Mallya was seen in the stands at Edgbaston in Birmingham enjoying the cricket match between India and Pakistan on Sunday
May 30, 2017
Indian banks' bad loans may rise to 15% by Mar 2018, credit profile unlikely to improve in next 1 year: S&PIndian banks' credit profiles are unlikely to improve over the next 12 months, said S&P Global Ratings