Last Updated: Monday, August 31, 2015, 19:04
A senior Reserve Bank official Wednesday said state-run lenders should use the capital received from the government to grow their credit books rather than clear their large pile of bad assets.
Last Updated: Monday, August 31, 2015, 15:14
It said the board of the bank at a meeting held today approved the proposal of issuing equity shares on preferential basis to the government in lieu of the capital infusion.
Last Updated: Sunday, August 23, 2015, 19:21
Indian banking sector is going through challenging times, characterised by low credit, impairment of assets and low profitability, RBI deputy governor H R Khan said Sunday.
Last Updated: Sunday, August 23, 2015, 18:08
With Bandhan from West Bengal becoming India's newest full-service bank to begin operations, Finance Minister Arun Jaitley Sunday said a 'blue-painted' city has given birth to a new institution which was not the case when it was 'painted red' -- referring to the past Left rule.
Last Updated: Thursday, August 20, 2015, 18:00
The performance review meeting of Public Sector Banks (PSBs) may take place in the first half of September and the exact date will be decided soon, sources said.
Last Updated: Monday, August 17, 2015, 19:19
Bank stocks were in huge demand today, surging up to 15 percent, following a slew of reform measures announced in order to revive the fortunes of the public sector lenders.
Last Updated: Sunday, August 16, 2015, 11:06
During the current financial year, 39,756 employees are retiring. This includes 19,065 officers and 14,669 clerks, sources said.
Last Updated: Tuesday, August 4, 2015, 22:02
Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.
Last Updated: Tuesday, July 28, 2015, 14:22
Indian Bank Managing Director and CEO (Additional Charge), Mahesh Kumar Jain presented the cheque to Finance Minister Arun Jaitley in New Delhi, the Chennai-based bank said in a statement.
Last Updated: Tuesday, July 28, 2015, 13:12
The bank had a net profit of Rs 664.11 crore in the April-June quarter of 2014-15 fiscal.
Last Updated: Friday, July 24, 2015, 17:27
With capital needs for public sector banks pegged at Rs 2.39 lakh crore over the next four years, the Finance Ministry on Friday said they have been allowed to raise funds from market to meet capital requirements.
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