Finmin may relax norms for appt of CEO, MD in 5 PSU banks

Last Updated: Sunday, April 12, 2015, 13:57

The Finance Ministry may relax the eligibility criteria for selection of CEOs and MDs of five PSU banks if applicants in the ongoing selection process fail to pass muster with RBI's scrutiny.

Expect PSU banks to cut interest rates: FM Jaitley

Last Updated: Sunday, March 22, 2015, 13:54

With most PSU banks remaining reluctant to pass on the benefit of monetary policy easing by RBI, Finance Minister Arun Jaitley on Sunday said he expects the lenders to cut interest rates soon.

Yes Bank open to evaluating acquisition in AMC space

Last Updated: Tuesday, March 17, 2015, 22:06

Private sector Yes Bank Tuesday said it is open to evaluating acquisitions for setting up of mutual fund business.

Axis Bank sells $250-m bonds to global investors at 3.25%

Last Updated: Wednesday, March 4, 2015, 21:55

Private sector lender Axis Bank Wednesday managed to price its USD 250-million on-tap 10-year bond sale to international investors at the same rate of 3.25 percent at which it had bonds last November.

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.

Nifty ends below 8,800-level; energy and PSU banks hit

Last Updated: Monday, February 23, 2015, 19:37

Late selling led the market into negative zone as the benchmark CNX Nifty extended its fall for second straight day to end below the crucial 8,800-level.

IBA agrees to meet bank unions today to avert strike

Last Updated: Monday, February 23, 2015, 08:17

The unions have threatened the strike to press wage-hike demand. This will be their fifth strike this fiscal.

Poor show by SBI, 13 others in installing new ATMs: FinMin

Last Updated: Sunday, February 22, 2015, 13:15

The government had given a target to the 27 state-owned banks to set up 19,994 ATMs in the current fiscal and by December end they have managed to cross the halfway mark (10,511).

IBA agrees to meet bank unions on Monday to avert strike

Last Updated: Sunday, February 22, 2015, 11:43

The Indian Banks Association has decided to hold further talks with leaders of public sector bank unions who have given a call for four-day nation-wide strike from February 25.

PSU bank unions threaten 4-day nation-wide strike from Feb 25

Last Updated: Friday, February 20, 2015, 21:01

Public sector bank employee unions on Friday threatened go on a four-day nation-wide strike beginning February 25 to press for their wage-related demands.

Proposed 4-day bank strike from January 21 deferred

Last Updated: Monday, January 19, 2015, 22:20

The proposed public sector bank employees' four-day strike which was scheduled to begin on Wednesday (January 21) has been deferred, reports said late Monday evening.

SC asks its registry to keep fine paid by DLF in PSU bank

Last Updated: Monday, January 19, 2015, 19:31

Supreme Court Monday asked its registry to invest in a nationalised bank the money deposited with it by real estate major DLF as a fine which was imposed by the Competition Commission of India (CCI).