Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
Vijay Mallya, the embattled chairman of the UB Group, is not likely to be immediately named a wilful defaulter by the United Bank of India.
Writes to shareholders highlighting its performance, governance practices.
According to RBI sources, some banks had extended credit to existing borrowers to repay their debt, known as evergreening of loans in banking parlance.
ICICI Bank, HDFC Bank and Axis Bank reported healthy loan growth and asset quality.
The committee's suggestion that existing commercial banks be allowed to hold payment banks as subsidiaries is also seen as unviable by RBI and the finance ministry.
IBA has commissioned a study to evaluate the pros and cons of keeping banks shut on Saturdays.
With the advent of new banks, IT firms will get boostto their businesses.
Most players will need to burn the midnight oil to meet the deadline for creating a bank as well as specific norms set by RBI.
The RBI wants to enforce more transparency in public sector banks. Manojit Saha The Apex bank wants the government t oreduce stakes in PSUs.
It is also learnt that Deutche bank has initiated a search for a new head of its private wealth management business in India
According to sources, a few hundred have been issued to Indian businessmen, celebrities and brand experts.
The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.
The Central Vigilance Committee has sought loan data from United Bank
The Jalan panel has recommended to the RBI to keep shady entities out of banking licence race.
The Finance Ministry has asked top rung exectives of United bank of India to furnish bad loan recovery report on daily basis.
Though most foreign banks appear reluctant to establish a subsidiary here, Citi is the only bank that has so far communicated this to the regulator, in writing.
The Reserve Bank of india is likely to tell state-run United Bank of India (UBI), which has seen erosion of capital due to bad loans and higher provisioning to implement prompt corrective action.
Telecom department says spectrum can't be used as collateral because it's government property
Banks have taken this aggressive posture even as liquidity has become comfortable on the back of increased government spending.
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