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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......

Govt infuses Rs 13,955 cr capital into 8 PSU banks

Bank of India, Canara Bank, Dena Bank, Corporation Bank and Andhra Bank are among the lenders that received capital infusion from the government. Eight public sector banks, including SBI, Punjab......
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CBI

The 12,000-page charge sheet further claimed that a similar fraud was detected in 2016 following which the RBI took up the issue and issued... ...

http://www.rediff.com/money/report/ex-md-of-pnb-was-aware-of-nirav-fraud-cbi/20180521.htm
Piyush Goyal promises help to 11 PSBs under RBI watch

NEW DELHI: Finance minister Piyush Goyal promised all possible support to the 11 state-run banks that are under the Reserve Bank of India’s... ...

https://economictimes.indiatimes.com/news/economy/policy/piyush-goyal-promises-help-to-11-psbs-under-rbi-watch/articleshow/64211819.cms
CBI chargesheet

Top honchos of Punjab National Bank 'misrepresented' the factual position on letters of understanding (LoUs) to the RBI and ignored its warnings... ...

http://news.rediff.com/commentary/2018/may/14/pnb-misrepresented-factual-position-on-lous-to-rbi-cbi-chargesheet/0d5468007eff35905e6443c5b1c21f8a
PSBs may re-approach Sebi for relaxing promoter equity rule

PSBs were required to bring down government shareholding to at least 75 per cent, to comply with the amended Securities Contract (Regulations)... ...

http://www.rediff.com/money/report/psbs-may-re-approach-sebi-for-relaxing-promoter-equity-rule/20180514.htm
11 more PSBs may face the same fate as Dena Bank

RBI may be inclined to impose severe restrictions on lending in the coming quarters. Illustration: Uttam Ghosh/Rediff.com The Reserve Bank of... ...

http://www.rediff.com/money/report/more-psbs-may-face-the-same-fate-as-dena-bank/20180514.htm

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