PSU bank chiefs selection: Pvt bankers can apply, too

Last Updated: Thursday, February 26, 2015, 19:22

In a bid to attract talent from a wider pool, the Finance Ministry has invited private sector bankers, besides the regular public sector executives, to apply for the top job at five large state-owned lenders.

Zee Business expose: Operation Jan Dhan

Last Updated: Thursday, January 22, 2015, 18:41

Prime Minister Narendra Modi's ambitious Jan Dhan Yojna was launched with the aim to achieve complete financial inclusion. However, situation at the ground level was not very encouraging as a Zee Business expose revealed that several banks are creating hurdles for opening of account under PMJDY.

Private banks lag behind PSU lenders in opening Jan Dhan a/c

Last Updated: Sunday, January 11, 2015, 15:33

Private sector banks are way behind their PSU peers when it comes to opening financial inclusion accounts under the Prime Minister's Jan Dhan Yojana, with just about 30 lakh in over four months.

RBI permits foreign banks' subsidiary to acquire pvt banks

Last Updated: Wednesday, November 6, 2013, 21:08

The Reserve Bank of India Wednesday permitted wholly-owned subsidiary (WOS) of foreign banks to acquire domestic private sector banks as well as set up branches anywhere in the country.

Q4 Scorecard: PSBs continue downslide, pvt banks shine again

Last Updated: Sunday, May 26, 2013, 17:32

Private lenders also fared much better during the January-March quarter when it came to growth in loans and deposits, as also asset recoveries despite weak economy and choking credit demand.

Three top private banks accused of money laundering

Last Updated: Thursday, March 14, 2013, 16:06

The country's three largest private banks were on Thursday accused of indulging in money laundering both within and outside with an online portal claiming that a sting operation conducted by it has revealed a scam.

New private banks to boost financial inclusion: Central Bank

Last Updated: Friday, March 8, 2013, 21:28

The Reserve Bank move to award new banking licences to corporates will help promote the government's financial inclusion initiative, Central Bank of India said Friday.

Private banks detect maximum fake notes: Finance ministry

Last Updated: Tuesday, February 26, 2013, 17:09

Private banks operating in the country have detected and processed the maximum number of counterfeit currency instances in banking channels surpassing both public sector and foreign banks by a huge margin, an official report of the Finance Ministry has said.

Bankers seek slew of tax incentives in next Budget

Last Updated: Tuesday, January 8, 2013, 23:01

Bankers have demanded tax sops like increasing the TDS limit on fixed deposit to Rs 25,000, incentives for investment in infrastructure bonds and a reduction in the lock-in period for tax saving deposits to three years.

FMCG, pharma, private banks to remain in focus in 2013

Last Updated: Tuesday, January 1, 2013, 14:40

In terms of sectoral performance, BSE banking index was the top gainer, followed by real estate index which saw a smart jump of 52.52 percent last year after suffering massive fall in 2011.