The Finance Ministry has invited private sector bankers.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
Private sector banks are way behind their PSU peers when it comes to opening financial inclusion accounts under the Prime Minister's Jan Dhan Yojana
SBI has the highest exposure of Rs 1,600 crore to the beleaguered Kingfisher Airlines.
Diageo, which had acquired Mallya's United Spirits nearly six years ago, is claiming $40 million paid to the liquor tycoon as part of an alleged breach of agreement.
B Sriram, the senior-most managing director at SBI, along with fellow MDs Rajnish Kumar, P K Gupta, and Dinesh Kumar Khara had been interviewed for the post
'Sachin Pilot once calculated that with a million Indians flooding the labour market every month, only an additional 12 million jobs annually could keep unemployment at the same level.' 'That's chickenfeed for the functionaries who cram my e-mail inbox every day with such a constant flow of job offers that trying to empty it is like trying to drink dry the horn connected to the ocean in Norse mythology,' says Sunanda K Datta-Ray.
Nifty snaps 10-day winning streak
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London.
The Indian Consulate in Sydney was on Monday evacuated in view of the hostage situation in a caf near its premises and all the staff members are safe, the external affairs ministry said.
CEA offers three compelling arguments in his case for privatisation of government-owned banks.
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.
In January 2017, the growth in total premium was Rs 13,138 crore, against Rs 10,284 crore in January 2016, a growth of 28 per cent.
The mergers will not involve any cash but only share swaps
After the Insolvency and Bankruptcy Code came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up, said Jaitley.
BoB's offer of a lower home loan rate to customers with credit scores of 760 and above makes it incumbent on everyone to pay heed to this all-important number.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The mass cancellation of coal blocks by the Supreme Court has sent banks in a jittery mode as they have extended over Rs 1 lakh crore loans to power plants that were fed by these mines.
The total quantum of non-performing assets in the Indian banking system increased to Rs 7.33 trillion as of June 2017, from Rs 2.75 trillion in March 2015.
Govt renews search for five PSU bank chiefs; norms relaxed.
Some of the public banks showed improvement; much more still needs to be done
Vijay Mallya left India on March 2, presumably for London.
For financial institutions, it will be an opportunity to provide better lending options. For instance, customers who pay their overdrafts on time will get access to more credit and probably at a cheaper rate.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Shares of rate-sensitive realty, bank and auto sectors were on buyer's radar on Wednesday.
In similarly-worded notices of attachment dated October 17, Sebi asked 11 banks, including ICICI Bank, Bank of Baroda, HDFC Bank, IDBI Bank, Indian Overseas Bank and Standard Chartered Bank, to attach the accounts of the three individuals.
The consortium led by SBI has also initiated the process of recovery.
Budget 2014-15 has done away with the tax sunset clause of March 2014.
Bankers on Tuesday said the RBI's decision to hold key rates, coming after a decisive mandate received by the Narendra Modi government, was on expected lines and interest rates won't change even though the central bank's SLR cut infuses additional liquidity into the system.
Promising swift action on the debit card data compromise issue, Economic Affairs Secretary Shaktikanta Das on Friday said there was no need to panic over the feared security breach that affected over 32 lakh cards.
A few state-owned banks such as IDBI Bank, Union Bank, Indian Overseas Bank have announced results for FY14.
Financial shares were the top losers.
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
A Reuters poll had forecast retail inflation would slow to 8.35 percent from an annual 8.79 percent in January.
Tag for defaults on nearly Rs 7,000 cr loans to long-grounded Kingfisher Airlines
According to the RBI's Financial Stability Report, the industry's gross bad-loan is at a 14-year high. As RBI's March 2017 deadline for banks to clean up soured credit looms closer, Shailajanand Mishra takes stock of just how bad the situation is.
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