The post of chairman and managing director has been split and the government has appointed managing directors and chief executive officers in four banks -- Indian Overseas Bank, United Bank of India, Oriental Bank of Commerce and Vijaya Bank.
2013 foreign currency non-resident deposits to mature in Sep-Nov
The Reserve Bank of India (RBI) is planning to introduce plastic currency notes as an experiment in five cities.
Latest figures for HDFC Bank aren't available.
The State Bank of India on Friday said Kingfisher lenders have decided to release funds to the debt-ridden airline on "humanitarian grounds" considering that its employees have not been paid for the past seven months.
'Let them put their house in order first.' 'Let the RBI first rectify themselves.'
Corporate lending has not slowed down. There is no slowdown in manufacturing and services, says M D Mallya.
In an effort to soothe nerves of the country's mutual funds and the non-banking finance companies, the bankers today assured that they would come forward to support these financial institutions' funding needs including liquidity to meet redemptions.