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'Losses of PSBs have wiped out govt's $13-bn infusion'

For state-run lenders, the average NPAs shot up to 14.5 per cent, with IDBI Bank, UCO Bank and Indian Overseas Bank having their NPAs at above 25 per cent. Illustration: Uttam Ghosh/Rediff.com......

RBI brings Bank of India under corrective action

The RBI has initiated a 'prompt corrective action' against Bank of India for mounting bad loans, placing various restrictions on it including issuing of fresh loans and dividend distribution, BoI......

CBI quizzes top Kingfisher, UB officials for the 2nd day

A consortium of banks led by State Bank of India wants to liquidate Mallya's assets to recover the loans.  Image: Prosecute Vijay Mallya for not paying taxes and clearing their dues, say......

A tale of two sinking banks

The experiences of HBOS and Indian Overseas Bank show that often loans make money for the lender in the initial years but losses come later when they turn bad, notes A V Rajwade. In one basic way,......

Reserve Bank pulls up bosses for IOB mess

  The Reserve Bank of India has initiated corrective action at Indian Overseas Bank on the grounds that its management is unable to revive it.IOB has reported low return on assets for four......
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Mallya ordered to pay 200,000 pounds to Indian banks

Mallya is separately fighting extradition to India on fraud and money laundering charges worth an estimated Rs 9,000 crore The UK high court has... ...

http://www.rediff.com/money/report/mallya-ordered-to-pay-200000-pounds-to-indian-banks/20180615.htm
Former city police chief, V Dhivaharan’s daughter & son-in-law summoned

The Commission has also summoned, for cross-examinations, former banker with Indian Overseas Bank P Mahalakshmi. According to sources, a loan was... ...

https://economictimes.indiatimes.com/news/politics-and-nation/jaya-death-probe-former-city-police-chief-v-dhivaharans-daughter-son-in-law-summoned/articleshow/64543813.cms
PNB, Syndicate Bank could land up in banking sector's most-hated list

Six more state-run banks are at risk of entering the Reserve Bank of India’s prompt corrective action (PCA) framework, officials said. These... ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/6-more-state-run-banks-may-come-under-pca/articleshow/64534965.cms
India Inc hails RBI's 'neutral', futuristic moves

New Delhi: India Inc on Wednesday welcomed the "neutral" stance taken by the Reserve Bank of India (RBI) on a future rate hike trajectory, along... ...

http://www.sify.com/finance/india-inc-hails-rbis-neutral-futuristic-moves-news-finance-sggxqRceigidj.html
Electrosteel allots shares worth Rs 7,400 cr to lenders; SBI gets largest chunk

The shares allotted to Indian Overseas Bank, SREI Infrastructure Finance Ltd and Oriental Bank of Commerce ranged from 4.43 percent to 4.63 percent... ...

https://www.moneycontrol.com/news/business/electrosteel-allots-shares-worth-rs-7400-cr-to-lenders-sbi-gets-largest-chunk_10984141.html

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