A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
The probe into selections for banks such as Bank of Baroda and Canara Bank followed the arrest of Syndicate Bank CMD S K Jain for alleged graft.
A 39-year-old bank executive from Mumbai went missing on September 5 evening.
Soon, farmers in India will be equipped to check out the futures prices of commodities in their villages.
A twitter handle of the Israeli army was taken over by Internet hackers, who posted a message warning that a nuclear facility in Israel has been hit by two rockets, causing a brief torrent of panic.
If only you had thought ahead, you would have stocked snacks and biscuits, bread and cake, and vegetables suited for Amma or pondatti to make your favourite bajji and pakoda, observes N Sathiya Moorthy.
The Andaman and Nicobar police have arrested a Port Blair-based businessman, carrying a reward of Rs 1 lakh, from Haryana in connection with a gang rape case, an officer said on Monday.
Wage revision in PSU banks is done every five years.
The second post of deputy governor became vacant after V Leeladhar superannuated a few months ago. Punjab National Bank chairman and managing director K C Chakrabarty is to take over as deputy governor on Monday. Apart from monetary policy, Subbarao will also handle the department of economic analysis and policy, department of statistics and information management.
Go-getter, ambitious, dynamic, workaholic are some of the adjectives that officials who worked closely with B V R Subrahmanyam use to describe him.
Financial institutions are 300 times more vulnerable to cyberattacks than any other industry.
A college student, who was critically injured during protests demanding a separate Karbi Anglong state, succumbed to injuries in Diphu, even as curfew continues to be in force at a district headquarter town of Assam.
ICICI Bank, HDFC Bank and Axis Bank reported healthy loan growth and asset quality.
This is the first time that a retired officer has been appointed at this position for which a gazette notification was issued to announce the change in rules for the appointment.
Vigilance Commissioner Suresh N Patel was on Wednesday appointed as the Central Vigilance Commissioner, a year after the post fell vacant.
A four-member team of the Delhi Police on Thursday reached AltNews co-founder Mohammed Zubair's residence in Bengaluru as part of the investigation related to his 2018 tweet that led to his arrest, police said.
The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained its guns on the Adani Group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family, charges the conglomerate denied vehemently.
RBI's licensing norms require a bank to bring down promoter holding to 40 % within 3 years of operation - which, for Bandhan Bank, will be by Aug 23
Village residents are asked to eat alone to avoid spreading potentially contagious droplets. Each seat is screened off with plexiglass.
Bengaluru based Dinesh Malhotra, 54, an ex-Army officer who is working as a human resource professional in a construction firm shares some survival tips.
Keeping the contents of the BBC documentary aside, Rishi Sunak's response needs to be viewed in the backdrop of Britain's historically close relations with Pakistan, argues Lieutenant General Prakash Katoch (retd).
However, the department has not changed ITRs significantly, considering Covid-19 crisis.
High voter turnout was recorded in most of the seven assembly constituencies in six states where by-elections were held on Tuesday.
'The stockbroker should have a good balance sheet to support its scale of operations. It should also have proper risk management in terms of margins so that it doesn't go bankrupt during extreme market movements.' 'The broker must have a track record of navigating several market cycles in an ethical and transparent manner.'
Post office savings of 1, 2 and 3 year term deposits and 5-year recurring deposit currently fetch 8.4 per cent interest per annum.
'Imagine for a soldier -- first you conquer territory after fighting a fierce battle, suffer casualties and then you are ordered to come back to your side of the International Border in India.'
'Hamas is going to be prepared. There will be booby traps and tunnels; it's going to be door to door fighting.'
After a sharp sell-off in the past two months, overseas investors were once again seen turning bullish on Indian equities. FIIs bought shares worth Rs 63.5 billion in the past five sessions, their highest weekly investment tally in many months.
Axis Bank dismisses 24 staffers, suspends 50 accounts after I-T raids
A fierce competition among parties to offer freebies and guarantees, a scramble for tribal, OBC, women votes and a touch of Hindutva -- all have combined to make the Madhya Pradesh assembly polls a high-stakes battle with main rivals BJP and the Congress pulling out all the stops to gain power.
Satish Kumar, a resident of Uttam Nagar and who used to work as a vegetable vendor in Keshopur Mandi, collapsed outside an Oriental Bank of Commerce branch, on Najafgarh road, while he was standing in a queue with his friends.
In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
'Which fund manager in the world will put money into a company that hasn't filed its annual account?'
This means beyond 70 years of age nobody "should continue" in the posts in a private bank.
A Europe-like cyber security defence alliance is the need of the hour, say banking technology experts.
New SMS-based service to be offered in association with India Post.
Responding to a query about corruption in the scheme's implementation, Minister of State for Rural Development Upendra Kushwaha said almost all members know about it and added that steps are being taken for improving the scheme.
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