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
Can’t expect anything radical this time from Modi 2.0, govt's entire focus will be on matching all numbers
The prime minister has already increased the cash transfer scheme allocation to Rs 87,000 cr as it will include more farmers now.
Expect to come out of PCA framework in second quarter current financial year: United Bank of India MD
Pradhan said UBI is not growing due to lack of capital. Last year the bank got Rs 5000 crore which will help us to meet the regulatory requirements, Pradhan said
Bank of Baroda, the second largest public sector lender after State Bank of India (SBI), now has over 9,500 branches, 13,400 ATMs, and 85,000 employees to serve 12 crore customers.
State-run Bank of Baroda is catapulting itself for a larger play in the system with the merger of Dena Bank and Vijaya Bank with itself from Monday.
ICRA upgrades outlook on PNB, Bank of India, two other lenders; govt's capital infusion key driver of improvement
The stable outlook factors in ICRA's expectations of reduced asset quality pressure, improving solvency levels and expectations of improved earnings indicators in 2019-20, it said.
In January LIC had completed the process of picking up a controlling 51 percent stake in the nearly crippled IDBI Bank
Finance Minister Arun Jaitley on Thursday assured government funding support to public sector banks and hoped that the 6 lenders which remain under the RBI's prompt corrective action framework will soon come out of it
Shares of Corporation Bank, Allahabad Bank and Dhanlaxmi Bank rose sharply by up to 10.10 percent Wednesday after the RBI lifted lending curbs on these lenders by removing them from its weak-bank watchlist
The RBI on Tuesday lifted lending curbs on two more public sector banks (PSBs), Allahabad Bank and Corporation Bank, by removing them from its weak-bank watch list
Finance ministry expects three to four more lenders to come out of Reserve Bank's PCA framework this year
The recent capital infusion of Rs 48,239 crore in 12 PSBs will help Corporation Bank and Allahabad Bank to come out of the PCA framework in the next few weeks
RBI lifts lending curbs on Bank of India, Bank of Maharashtra, Oriental Bank of Commerce; move to expand loan growth
Eight public sector banks—Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Central Bank of India, Indian Overseas Bank and Dena Bank—still remain under PCA framework,
Assuring full support to public sector lenders (PSBs), Piyush Goyal said bankers have also got confidence from the amendment in the Prevention of Corruption Act that bonafide actions are protected by the law.
LIC completes acquisition of 51 percent stake in IDBI Bank; insurer to have strategic investment in large bancassurance channel
IDBI Bank Monday said insurance behemoth LIC has completed the acquisition of 51 percent controlling stake in the bank
Some better performing banks likely to be out of PCA framework in next few months: Financial services secretary
Eleven out of the total 21 public sector banks are under the central bank's PCA framework
Unlike the last meet, which lasted for 10 hours, Friday's meeting is likely to get over by afternoon.
Arun Jaitley admits to issues with RBI on credit flow, liquidity as govt under fire for Urjit Patel's sudden exit
Though Jaitley did not explicitly mention it, the discussions he was alluding to were under Section 7 of the RBI Act, through which the government of the day can force down certain policies for the central bank to implement, citing national interest
Shaktikanta Das, Narendra Modi’s demonetisation man, has a fresh task at hand: Tame a rebellious central bank
Two years after note ban, Shaktikanta Das has been given another task by the Modi government--to douse the raging fire at Mint Road
The next few days will be very crucial for the central bank and markets and the earlier a decision taken on Urjit Patel's resignation, the better it will be to eschew speculation
Country cannot have 'Hotel California' approach towards PCA banks, says principal economic adviser Sanjeev Sanyal
The Reserve Bank of India's PCA framework, which intends to nurse financially weak banks back to health, restricts lending and expansion of lenders.