While the first three parts of the operation, codenamed 'Red Spider', dealt with Indian banks (both private and state-run), the fourth part targeted a couple of foreign banks.
Rs 2.06 trillion, is the gross non-performing assets of Indian banks.
He claims that his offer to pay back the debt owed by his now-defunct airline had been rebuffed by the banks and the Indian government.
The goalkeeper turned in a fine display as the bankmen beat Mahindra United 2-1 in the National Football League.
The sub-prime mess has presented the foreign units of domestic banks with lucrative investment opportunities. Global banks, struck by a severe liquidity crunch and risk aversion, are selling a lot of their investments in debt of Indian companies at a discount.
American banking major Citibank on Thursday announced that it will exit from the consumer banking business in India as part of a global strategy. The business comprises credit cards, retail banking, home loans and wealth management.
Sri Lankan defender Kamaldeen Fuard's 40-yard strike enabled the bankmen hold the defending champions 1-1 in the National Football League.
The Kolkata side rallied to scored a 3-2 victory in the National Football League.
Indian banks have the potential to go global, says ICICI Bank chief Chanda Kochhar.
Branch licensing (process) for Indian banks is rather slow in the US
In another match in the IFA Shield football tournament, Vasco and Tata Football Academy played out a goalless draw.
Mike Okoro scored twice in a 3-0 win in the NFL match\n\n
Global rating agency Fitch said on Wednesday the credit profile of the Indian banking sector has improved in the recent years, but a great deal still needs to be done on disclosures.
Indian banks operating there are required to meet very high qualifying standards in order to do business.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
M Gopalakrishnan and two others are sentenced to one-year imprisonment for causing wrongful loss of Rs 3 crore to the bank.
As the fight for deposits intensifies, the cost of money will rise and the margin will be under further pressure, points out Tamal Bandyopadhyay.
The Indian banking sector is poised to become the world's third largest in asset size over the next 14 years.
'We are also conducting ongoing training and grooming at the branch level to pre-empt such cyberattacks.'
The bankmen proved too good for ITI in a National Football League match.
Moody's Investors Service on Wednesday said the outlook for global banks for 2024 is negative as central banks' tighter monetary policies have resulted in lower GDP growth. It said Indian banks' profitability will increase further on lower provisioning expenses and robust growth in higher-yielding retail segments. "Our outlook for global banks for 2024 is negative as central banks' tighter monetary policies have resulted in lower GDP growth.
Tata Consultancy Services TCS) said it has bagged a Rs 85-crore three-year deal for implementing smart card-based Financial Inclusion Solution (FIS) for Indian Bank.
The Indian banks' total net level of non-performing loans could be double their reported level, even though asset quality has improved over the years, according to a report by Fitch Ratings India Ltd.
State Bank of India has become the first Indian bank to start commercial operations in China, confident of tapping and aiding the booming trade and commercial linkages between the two Asian giants.
Many of India's sleepy state banks don't have the management capacity they need to tackle bad debts and deals at the same time, says Una Galani.
The Indian banking sector faces the challenge of tackling rising defaults due to slowing economy, even as the banks in the country do not have toxic assets, which triggered financial crisis elsewhere, rating agency Moody's said.
Finance Minister P Chidambaram has urged Britain to allow Indian banks to open more branches in that country.
More than half a dozen private-sector banks are awaiting regulatory approval for the appointment of a second whole-time director on their boards.
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
Being distributed through a fake Flash Player app, the malware is designed for stealing login credentials, hijacking SMSs, uploading contact lists and SMSs to malicious servers, reports Romita Majumdar.
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London.
Put plans on hold after HK caps expansion, Singapore orders stricter asset norms.
Rating agency Moody's has placed 13 Indian banks, including State Bank of India, ICICI Bank and Punjab National Bank, on watch for possible downgrade under a global review of systemic support available for the banking sector.
Differing with the downgrade accorded by Moody's, leading ratings agency Standard & Poor's has upgraded the Indian banking sector saying its domestic regulations are in line with international standards.
