'We will infuse the next tranche of recapitalisation by mid-December. Close to Rs 42,000 crore remain to be infused as capital in public sector banks in the current financial year,' a senior finance ministry official said.
Among other demands, the unions are also seeking immediate introduction of five-day week in full and reduction of cash transaction hours and regulated working hours.
'A lot of actors auditioned for Wagle Ki Duniya, but R K Laxman rejected them all.' 'He was the decision-maker, as the serial was based on his Common Man.' 'He wanted a natural, who looked like a common man.'
Tata Motors was the biggest gainer in the Sensex pack, rallying 2.94 per cent. It was followed by Vedanta, Bajaj Finance, Sun Pharma, ONGC, ICICI Bank, Bajaj Auto, Tata Steel, RIL, HDFC duo, L&T and SBI, rising up to 2.78 per cent.
The Reserve Bank has asked the public to pay their income tax dues well in advance so as to avoid standing in long queues and stated that 29 agency banks are also authorised to accept such payments.
The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved
A day after its bigger rival ICICI Bank cut its lending rate, the third-largest private lender, Axis Bank, on Friday lowered its base rate by 0.10 per cent to 9.85 per cent, effective June 30.
Bank unions - officers and workmen - had buried their differences and sat across the table on August 29 to work out a fresh deal with the IBA involving a 20 per cent wage hike.
The country's largest lender State Bank of India will get the largest sum of Rs 8,800 crore as government's capital infusion.
The branch is likely to be inaugurated on Saturday by Prime Minister Narendra Modi, who is on a three-day visit to China
More than 50 per cent of SIP accounts come from semi-urban and rural areas.
The CBI has alleged that Justice Shukla received illegal gratification from Justice (Retd) Quddusi and B P Yadav, chairman of Prasad Education Trust which runs a medical college in Lucknow, for getting a favourable order to prevent delisting from counselling sessions for admitting students in 2017.
For Yogi Adityanath the successful management of the fair is a crucial part of building 'Brand UP' and making the state a $1 trillion economy.
Capital infusion seen necessary for banks to maintain regulatory norms at the time of paying interest towards AT-1 bonds
The body of Maharishi Mahesh Yogi will be brought to his ancestral home in Allahabad on Saturday.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
Sitharaman said the government understands that the contours and tone of issues for each sector varied from one to the other.
The University of Allahabad shall conduct an All India Written Test CRET-2007, at Allahabad only, for admission to its Doctor of Philosophy programme in various subjects.
On BSE, 1,469 shares fell and 1,200 shares rose. A total of 190 shares were unchanged.
As many as 142 stocks from the S&P BSE500 index are currently trading below their level of May 12, 2014
Documents accessed by Business Standard show owners of suspected Hong Kong-based shell companies are spread across the globe.
Budget 2015 has blessed the banking sector.
The broader Nifty ended on top of 9,800 again.
Justice Padia stayed the Varanasi civil court order, ruling that the subordinate court passed its order ignoring the fact that the high court had reserved its verdict on the plea challenging the maintainability of the suit which had been filed earlier in the lower court for the survey.
The cumulative loss of 20 state-run lenders stood at Rs 14,000 crore during Q4
RBI may be inclined to impose severe restrictions on lending in the coming quarters.
HDFC Bank, the country's second-largest private sector bank, has cut its base rate by 15 basis points (bps) to 9.70 per cent.
The capital infusion would help improve the financial health of banks. While some banks would get necessary regulatory capital while others would get it for fueling growth.
Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving liquidity in the system, moderating interest rates as well as credit growth apart from addressing stress in the NBFC sector.
Monetary transmission has been an issue for the Indian banking sector.
The Enforcement Directorate, which continued its searches against Modi, Choksi and their companies for the fourth day on Sunday , is also moving to attach at least two dozen immovable properties under the Prevention of Money Laundering Act.
Banks and builders are offering lower rates and freebies, but there is also a case for price correction in the future. Wait, if you are not desperate.
Even under the RTI response, all public sectors banks have washed their hands of any responsibility.
This is the first tranche of capital infusion for the fiscal and more funds would be provided in future depending upon the performance of PSU banks.
As a young management trainee with SAIL, Pallav Mohapatra was spoilt for choice. He had offers from Allahabad Bank, Bank of Baroda, Indian Bank, Indian Overseas Bank and State Bank of India. He chose SBI only because the bank offered him a posting in Lucknow.
Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today's session
The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms
Unlike any other business, banking is a turf where the captain's role is the most critical. Often a bank is defined by the personality of the CEO who runs it. Both HDFC Bank and Kotak Mahindra Bank are the creation of their CEOs, notes Tamal Bandyopadhyay.
Business is down to such an extent that last year these firms could not even meet RBI's capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this line of business.
