The two troubled subsidiaries of Reliance Capital have over Rs 20,000 crore debt of both the companies. Reliance Home Finance has a debt of Rs 11,500 crore and Reliance Commercial Finance owes Rs 9,000 crore to lenders.
Bank of Baroda has decided to provide a 2 per cent interest subsidy on educational loans up to Rs 4 lakh (Rs 400,000) for higher studies.
The meeting will review annual financial performance of public sector banks, credit offtake in the economy, priority sector lending and progress made under various social sector schemes, including Atal Pension Yojana (APY) and Pradhan Mantri Jan Dhan Yojana.
The government started promoting cashless transactions but forgot that it needs infrastructure.
Bank of Baroda on Thursday expressed hope that it would get the Reserve Bank of India's permission to foray into life insurance business this year.
The top seed beat Ankita Bhambri 7-6, 6-4 in the semi-finals of the ITF women's tennis tournament in New Delhi.
Ankita Bhambri had an easy outing as her opponent Shikha Uberoi of USA, retired due to a back spasm in the ITF Women's Tennis Championship.
Third seed Chin Bee Khoo went down to unseeded Wilawan Choptang, while eighth seed Sonal Phadke was beaten by Jie Hao of China in the ITF Women's Tennis tournament.
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
Two Indians, including an 8-year-old boy, were among 39 killed and four other community members injured in the attack by armed terrorists on an upscale mall in Nairobi in Kenya.
Bank of Baroda is likely to merge its housing finance arm with itself in view of duplicating loan portfolio and increased cost of deposits and the need to maintain separate capital adequacy for BoB Housing Finance.
Bank of Baroda is keen on having a common strategic foreign partner for both its mutual fund and the proposed life insurance venture.
Bank of Baroda has shelved its plan to induct a strategic partner in its wholly-owned subsidiary, Bobcards Ltd, even as the public sector entity plans to increase its ATM network to 500 by March 2004.
Canara Bank topped the list recovering Rs 638.41 crore (Rs 6.38 billion) from non-performing assets of the total Rs 4,420 crore (Rs 44.2 billion) recovered by 19 nationalised banks by taking advantage of securitisation laws in the last fiscal.
Banking PSU stocks were being drubbed today following reports that the Centre may charge a premium on returned equity by these banks.
Punjab National Bank, Bank of Baroda, Bank of India and Canara Bank already charge their customers a levy for failing to maintain a minimum balance for a quarter or a month.
PSU bank stocks are witnessing hectic activity these days and are now among the top traded stocks on the bourses.
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
It is also felt that under the current market conditions, the building is unlikely to garner the kind of funds expected from a prime real estate at Nariman Point
The financial position of India's public sector banks (PSBs) has deteriorated sharply over the past financial year.
Between April and August, it issued request seeking LoC against 147 individuals to prevent them from leaving the country, the bank said in response to a Right to Information query filed by Pune-based activist Vihar Durve.
'If the new rate is lower than your current rate, ask your bank to shift you to it.' 'This can be done by paying a fee of Rs 5,000 to Rs 6,000.'
Bank of Baroda on Monday cut its interest rates for loans upto Rs 50,000 for agriculture, SSI and other priority sectors.
In a ruling in May, a UK high court judge had refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that the consortium of 13 Indian banks were entitled to recover funds amounting to nearly 1.145 billion pounds.
Bank of Baroda has revised upwards the interest rates on Non-Resident External deposits for various maturities by 0.05 to 0.1 per cent.
Today, the economy requires a certain amount of push not just from the monetary policy but also from its transmission: Das.
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