Union Bank on Wednesday said it has become the country's fifth-largest public sector lender after amalgamating Andhra Bank and Corporation Bank into itself
Three years after demonetisation, Rs 2,000 currency note loses sheen; banks to eject them completely from ATMs in a year
Though the efforts are underway to recalibrate about 240,000 ATMs to replace Rs 2,000 notes with Rs 500 notes, the high-value notes may not be withdrawn immediately .
SBI slashes interest on FDs from today; here are latest rates of various fixed deposit products of PSB
For the FDs maturing between 46 and 179 days, the interest rate has been slashed BY 50 bps. Now, these deposits will fetch an interest rate of 5 percent.
PSB instructs officials to restrict circulation of Rs 2,000 notes, urges customers not to panic as no curbs on accepting
After issuing the directive to restrict the circulation of Rs 2,000 notes, senior officials of the PSB reportedly called branch managers to confirm that it was being executed immediately.
Sensex tanks 770 points, Nifty below 11,000-mark amid deepening economic crisis; ICICI Bank, Tata Steel among top losers
Top losers in the Sensex pack included ICICI Bank, Tata Steel, Vedanta, HDFC IndusInd Bank, Tata Motors, RIL and ONGC — falling up to 4.45%.
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.
Congress election manifesto: Several poll promises will meet implementation hurdles; strict follow-up action key to success of schemes
The manifesto also talks about more public sector bank mergers which will depend a lot on how the Bank of Baroda-Dena-Vijaya Bank alliance works out as there will be several lessons to be learnt.
RBI proposal to revamp bank CEO compensation: Companies Act should take a leaf out of central bank’s gesture
In other words, since the public sector bank honcho salary is abysmally low, what the RBI is doing according to critics is reducing the salary of foreign and private banks.
Daily Bulletin: Upendra Kushwaha to join UPA; US calls troops home from Syria; Priyanka, Nick host reception in Mumbai; day's top stories
Today's top stories: Priyanka Chopra and Nick Jonas host reception in Mumbai; rump declares victory over IS in Syria, orders US troops home; Upendra Kushwaha likely to join Mahagathbandhan today; and more.
The Great Indian NPA Mess: Banks, govt and industrialists worked together to kick bad loans can down the road
We now have one big problem which the Narendra Modi government is trying to postpone further by merging different public sector banks. The trouble is bringing two rotten eggs together is only going to lead to another rotten egg
Bank of Baroda, Dena, Vijaya merger: How NPA-ridden Dena Bank just got an unofficial bailout package
The Narendra Modi government's decision to merge three State-run banks — Bank of Baroda, Vijaya Bank and Dena Bank — isn't an unexpected one, given that this consolidation is an idea that has been discussed for a long time
ICICI Bank posts loss of Rs 120 cr in Q1: Why lender's April-June quarter numbers remind one an old PSB trick
ICICI Bank has ignored the short-term pain in its P&L to put the balance sheet in order. This should help improve the health of the lender in the long-term
How can creation of an official asset reconstruction company make a dent into the problem of NPA especially when we have Insolvency and Bankruptcy Code 2015 already seized of the problem.
Unravelling PNB Rot Part 2: Secret trip by Indian bankers to Hong Kong to cover up scam under scanner
A large chunk of buyer’s credit was raised by PNB's Mumbai branch to various government-owned banks in Hong Kong to facilitate companies owned by the diamantaires.
Governor Patel added that RBI data on banking frauds suggests that only a handful of cases over the past five years have had closure,
Privatisation further means a change of management which does not lead either to a change in the people down the line or the systems or operating practices.
Now that March-deadline for the RBI has passed, have banks reported all of their NPAs keeping to the central bank deadline?
BJP in Kerala on Wednesday urged RBI to initiate an inquiry into the loans allegedly given by some public sector banks to some resorts in tourist town of Munnar, flouting all banking norms.
The government has decided to infuse Rs.6,990 crore in nine public banks out of the current year's budget, for which orders are being issued,
He also said that while it was fine for the government to involve banks to further the social sector agenda, it should ensure that such schemes should be financially feasible for the lenders.<br />