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Banks set for lending rate action this week

SBI, IDBI Bank among a host of lenders holding asset-liability panel meets Days after the Reserve Bank of India lowered the repo rate in a surprise move, banks have set the ball rolling for a......

IDBI Bank to declare Kingfisher Airlines 'wilful defaulter'

Public-sector lender IDBI Bank has said it is planning to announce liquor baron Vijay Mallya's Kingfisher Airlines as a wilful defaulter. The bank, which has a Rs 750-crore (Rs 7.5 bilion) exposure......

IDBI Bank says not being probed over Kingfisher loan

IDBI Bank Ltd said on Tuesday it is not being investigated by the Central Bureau of Investigation over a loan to the now-grounded carrier Kingfisher Airlines Ltd. The CBI has launched an initial......

CBI to probe IDBI Bank's loan to Kingfisher Airlines

The Central Bureau of Investigation has started a preliminary enquiry looking into the Rs 950 crore (Rs 9.5 billion) alleged bad loan given by IDBI Bank to Kingfisher Airlines ignoring the......

RBI slaps Rs 6.5 cr penalty on 6 PSU banks

The RBI on Friday imposed a fine of Rs 6.5 crore (Rs 65 million) on six public sector banks including IDBI Bank, Dena Bank and Indian Bank, for violation of customer identification or KYC norms and......
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IDBI Bank launches mobile banking app

has announced the launch of its Mobile Banking Application in Chhattisgarh. The new Application, with the branding IDBI Bank Go Mobile, is... ...

http://www.dailypioneer.com/state-editions/raipur/idbi-bank-launches-mobile-banking-app.html
NIIF to raise funds via debt, invest in equity

Government's spending in the infrastructure sector will go up by a smart R70,000 crore in 2015-16 with increased allocation to sectors like roads,... ...

http://www.financialexpress.com/article/economy/niif-to-raise-funds-via-debt-invest-in-equity/49106/
central bank as inflation slayer

An RBI panel had suggested a glide path for reducing inflation, which included an intention to lower inflation as measured by CPI to 6% by January... ...

http://www.livemint.com/Politics/MnCWYH7KLMzth6uugVVJDO/Budget-2015--RBI-Act-to-be-amended-inflation-to-be-kept-be.html
NBFCs finally get their due on debt recovery

Finance minister Arun Jaitley has sought to make it easier for lenders to recover their dues. While announcing the introduction of a bankruptcy law... ...

http://www.financialexpress.com/article/economy/nbfcs-finally-get-their-due-on-debt-recovery/49077/
Autonomous bureau to appoint PSB chiefs

The government set aside Rs7,940 crore to capitalize PSBs in 2015-16, lower than the Rs11,200 crore it had budgeted for 2014-15 but higher than the... ...

http://www.livemint.com/Politics/AXDTlPnsxPUe3xlLqmHqcN/Government-to-create-autonomous-board-for-PSU-banks.html

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