Report says stressed asset level to peak at 15% in 2014-15.
PSB branches will work fulltime on the 1st and 3rd Saturday.
It is also considering to hike FDI cap for public sector from 20 per cent to 49 per cent
"Our preliminary estimates show we may have to provide for around Rs 60 billion in the balance sheet for the quarter ending on March. The due date for LoUs amounting to Rs 60 billion is falling in the present quarter. This will be a contingent liability for the bank," said a senior executive, on condition of anonymity.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
Nirav Modi and his uncle Mehul Choksi are being investigated by the Enforcement Directorate for allegedly cheating the PNB, the country's second largest lender, to the tune of more than $2 billion.
Demands include 5-day banking, PF to be calculated on total salary and allowances, not only on basic
Their sky-high profits in an essentially commodity business reflects too little competition.
the training department in most banks is content with asking branch managers to send employees for drab classroom sessions once a year. The perception about such training is obvious from the fact that most branch managers send the names of employees they can do without.
The CBI on Wednesday directed him to contact the embassy of India in a country where he is staying so that his travel to India can be arranged
Kerala floods take a toll on small businesses, NBFCs brace for losses
McDonald's asks the consumer whether he wants a hamburger with cheese, with tomato or without tomato. We will also have to deliver products as and when and how the customer wants.
On the macroeconomic data front, PMI data on manufacturing and services sector will also influence trading
The staff of public sector banks had gone on a nationwide strike for two days beginning February 10 after discussions with the IBA failed.
Use of blockchain technology will ensure that banks will not be blindsided like in the case of the Nirav Modi-Mehul Choksi blowout at PNB, says Raghu Mohan.
Senior citizens are exempted and they can go to any bank branch to exchange notes tomorrow
Mutual funds have invested nearly Rs 94,500 crore in equities thus far in CY17, compared to Rs 32,000 crore in the year ago period, at a time when foreign investors have turned net sellers of India since August.
The ministry seeks to make lending requirements flexible for banks financing key stalled projects.
Three members will be representatives from the government, and three from the RBI.
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.
The decisions come within 24 hours of the home loan package offered by public sector banks. Chennai-based Indian Bank reduced interest rates of domestic term deposits of Rs 1-5 crore (Rs 10-50 million) by 150-25 basis points across various maturities.
'I love Vijay. My heart is really broken because I know this is not ideal in the short term for him, but the big picture is really different'
Finance Minister P Chidambaram on Thursday expressed hope that some new bank licences would be issued before March next year.
Strike is total, impacts all branches of PSU and private banks. Clearing operation at RBI also hit.
RBI might further cut rates by 50-75 basis points later.
Bad debt rules are steps in right direction.
The Reserve Bank of India also banned with immediate effect issuance of letters of comfort which, like LoUs, are used by importers to fund their overseas purchases.
The judge confirmed that the bulk of the evidence submitted by the Indian authorities will be admissible
While everybody is talking about the vast potential of 5G, the uptake of such services in India depends on operators getting around 100 Mhz 5G spectrum. At the reserve price proposed by Trai, getting this spectrum will cost a telco around Rs 490 billion. Which amount could be difficult for operators to mop up, given the financial stress they are undergoing, says Kiran Rathee.
Aircel executives said the company could offer value to big boys like Airtel or Jio as a low-end mobile services brand
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
The public-sector lenders were yet to get a formal proposal on sale from HSBC.
The government would also take steps to promote exports and restrict non-essential imports, said Jaitley
RBI has already advised banks to stop selling gold coins.
The circular says even a day's delay in servicing loans would be now taken as a 'default'. And once in default, for loans above Rs 2,000 crore, the banks will have to arrive at a resolution within 180 days, else lenders will have to file an application under the IBC within 15 days.
In a message to public sector banks (PSBs) that only performers will survive, the government, in an unprecedented move, has decided to allocate capital to only nine PSBs.
In a rare appearance since shifting base to the United Kingdom, troubled Indian businessman Vijay Mallya was seen having a good time in London as he watched the Indian Premier League final between Royal Challengers Bangalore and Sunrisers Hyderabad on Sunday. In a video gone viral, Mallya senior is seen having a gala time with his son Siddharth along with a few others. The video was posted by Siddharth as he watched the IPL final with his father. Siddharth also mentions about Force India's third place finish in the Monaco Grand Prix, which also took place on Sunday. "Here we are, watching together from London. It doesn't get better than Sergio Perez getting a podium (for Mallya co-owned Force India). Hopefully we can add to what has been an epic day of sports so far," says Mallya junior in the video as he catches the IPL action with his father on the big screen.
'Slowing down of the economy was mainly due to the demonetisation shock...' 'If you cut off the oxygen supply to a patient in the ICU and the patient dies, the patient does not come alive again when you restore the oxygen supply.'
Did the transaction fail? Did you receive your money on time?
BPCL and ONGC raised $4.9 billion in 2016-17 against $1.65 billion raised by Reliance
