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EC letter to RBI, TMC for drafts of Rs 1.33 cr

The Election Commission has asked the Reserve Bank of India to inquire into the conduct of Allahabad Bank and United Bank of India which made drafts of Rs 1.33 crore for Trinamool Congress in......

RBI may soon allow interoperability of Post payment bank ATMs

India Post, the world's largest mail delivery network, is carving out a separate vertical to manage banking services, a move that will help it win RBI nod for interoperability of its ATMs with......

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......

As Rajan tightens screws, banks can still disguise bad debts

A tool provided by the Reserve Bank of India (RBI) to help lenders tackle bad debts is instead helping to camouflage the scale of the problem, evidence of how the country's banks will struggle to......

Central Bank tops list of highest NPAs among PSU banks

Central Bank of India has topped the list of public sector banks with maximum bad loans including restructured assets as a percentage of total advances. According to the data provided by the......

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

United Bank of India and Andhra Bank employees start organising silent protests outside houses and work places of defaulters. Bankers are resorting to 'Gandhigiri' – made famous by Rajkumar......
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21 banks set to go live with new mobile-based payments system

Customers of 21 banks will be able to use the unified payments interface (UPI) for sending and collecting money via smartphones, st­arting today.... ...

http://www.mydigitalfc.com/news/21-banks-set-go-live-new-mobile-based-payments-system-071
Pawan Bajaj

Interview with managing director and chief executive officer, United Bank of India ...

http://www.business-standard.com/article/finance/there-is-space-for-rate-transmission-of-15-20-basis-points-pawan-bajaj-116081500865_1.html
More banks to follow e-verification

After Punjab National Bank (PNB) and United Bank of India (UBI), more banks are likely to start a facility wherein an account holder can verify his... ...

http://www.business-standard.com/article/finance/more-banks-to-follow-e-verification-116081500035_1.html
No one wants to see zombie banks in India

Unless they start lending, they will not earn enough to make profits and strengthen their net worth even as a bonds rally helps them provide for... ...

http://www.livemint.com/Opinion/QHF2krpDQ668s8UGLNrXTO/No-one-wants-to-see-zombie-banks-in-India.html
Small and mid-size public sector banks bear brunt of bad loan troubles

While the situation somewhat stabilized at SBI, most of its peers reported a jump in non-performing assets June-quarter earnings of state-owned... ...

http://www.livemint.com/Industry/6iSVxzc6zGxjZFf5J4Ep0H/Small-and-midsize-public-sector-banks-bear-brunt-of-bad-loa.html

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