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: Tuesday, August 25, 2015, 23:31
In a U-turn from her earlier stated position on the entry of payments banks, SBI chief Arundhati Bhattacharya Tuesday said there is nothing negative about them and there is a huge opportunity for the entire banking system.
Last Updated: Monday, August 24, 2015, 22:27
State Bank of India chief Arundhati Bhattacharya Monday said state-run lenders' risk-taking during the crisis years is helping private sector lenders report healthy asset growth by "cannibalising" the completed projects.
Last Updated: Sunday, August 23, 2015, 21:12
Bandhan Bank Sunday began operations as a full-fledged bank with 501 branches and 1.43 crore accounts across the country, becoming the newest member of the estimated USD two-trillion Indian banking industry.
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: Friday, August 21, 2015, 14:27
Jaitley was inaugurating 109 new branches and 109 Bunch Note Acceptors (BNA) on the Indian Bank Foundation Day.
Last Updated: Thursday, August 20, 2015, 22:18
An RBI panel Thursday recommended converting urban cooperative banks (UCBs) with business size of Rs 20,000 crore or more into regular banks to allow them to grow and proliferate further for financial inclusion.
Last Updated: Thursday, August 20, 2015, 19:57
As per the guidelines, the selection to the top job in the PSBs would be from the existing pool of executive directors (EDs) or deputy managing directors (DMDs) in state-owned banks with a remaining service period of 2 years.
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.
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