Banks have started organising silent demonstration in front of houses of defaulters.
United Bank of India and Andhra Bank employees start organising silent protests.
Railway passengers can book their tickets and do shopping using RuPay pre-paid debit cards.
Datawind, maker of low-cost Aakash tablet PC has announced it will offer one-year free unlimited Internet on its Ubislate tablets sold through south Indian retail chain UniverCell.
The finance minister has said that United Bank has managed to reduce its non-performing assets.
Calcutta HC dismisses United Bank of India's decision on technical grounds
UBI says banking sector to perform well
Poddar-Mallya agreement on running MCF likely to be re-worked.
The country's largest lender, SBI, has reduced marginal cost of funds based lending rate by 0.9 per cent from 8.90 per cent to 8 per cent for one-year tenure, the bank said in a statement.
In fresh trouble for liquor baron Vijay Mallya, United Bank of India has identified United Breweries Holdings, the guarantor of grounded airline Kingfisher, as wilful defaulter.
United Bank of India has denied having defaulted to the tune of Rs 800 crore. It also dismissed any merger talk.
Overall, the Survey warned that unless shifts in the vision of development were articulated and embraced, the Indian economy would lose the chance to move to a high-growth trajectory.
The Central Vigilance Committee has sought loan data from United Bank
Telangana's Rythu Bandhu policy is an embryonic UBI, or rather embryonic QUBI (a quasi-universal basic income, pronounced Kyoo-Bee). And it could potentially also be the future of agricultural policy in India, says Arvind Subramanian.
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
Kingfisher to be lager partner at ICC Champions Trophy to be played in UK.
PSBs were required to bring down government shareholding to at least 75 per cent, to comply with the amended Securities Contract (Regulations) Rules by August 2017.
Bankruptcy proceedings are going at a slower pace than what the bankers had envisaged and many cases have gone beyond the 270-day timeline set under the IBC mainly because of litigation.
UCO Bank will not allow Kingfisher Airlines to be represented by lawyers in the wilful default case hearing.
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.
DataWind has launched affordable phablets or tablets with voice call facility at prices starting from Rs 3,999.
An administrative enquiry is under way to find out why United Bank's non-performing assets had been under-reported.
Britain's UbiNetics, a wireless technology firm, said Thursday it planned to invest $27 million in expanding its operations in India where it already conducts much of its research.
The research found that 50% of the people were receiving either nothing or less cash than they were entitled in lieu of the subsidised grains that were stopped under the pilots starting from September 2015 till May 2016.
The RBI had on August 7 announced a five-member expert panel under former ICICI Bank chairman Kamath to make recommendations on the required financial parameters for recasting corporate loans.
1.9 million Indians have invested in Speakasia.
Aakash 2 aka UbiSlate 7 to be tentatively released in January 2012 comes with a better processor and Wi-Fi + 3G option.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
Bank CFOs may meet next week to discuss minimum public shareholding and takeover rule issues.
IITians make a journey from technology to transport.
At the beginning of this year, his stake in the airline stood at 30.14%.
The bank expects Securities and Exchange Board of India approval for its proposed asset management company in the next few days, Raman said, adding once the approval is secured, the bank expects to start operations of the AMC in a couple of months.
Union Bank of India , a mid-sized state-owned lender, has plans to expand into investment banking to tap a growing global market in which increasingly aggressive Indian companies are acquiring foreign rivals.
Bad loans of PSU banks rose by 28.5 per cent.
Union Bank of India said HDFC Mutual Fund tied up with the bank to distribute its mutual fund schemes across India.
The deadly terror attacks, which crippled Mumbai on Thursday also, will not be able to dent the confidence of India's banking and financial system, which, bankers feel, will bounce back to normal soon.
Embattled liquor baron Vijay Mallya, who lost his UK high court appeal against an extradition order to India, has said that he is "disappointed" with the ruling but will continue to seek legal remedies as advised by his legal team. The 64-year-old former Kingfisher Airlines boss reiterated that he has repeatedly offered to pay the Indian banks the loan amount owed by his now-defunct airline, an offer which the banks have rejected.
The loan facility will be available at all branches of Union Bank of India and 329 sales touch-points of Tata Motors. UBI offers car loans up to 85 per cent of invoice, for tenure ranging up to five years, at a rate of 11-11.25 per cent, Tata Motors said.
The negative aspect about the Budget is that the capital expenditure has been marginally cut to achieve the fiscal deficit target assumptions, and the onus of sustaining investment demand till private capex revives continues to vest with the public sector enterprises, notes Jyotivardhan Jaipuria.
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