The government has already announced infusion of Rs 10,086 crore in Bank of India, Rs 5,500 crore in Oriental Bank of Commerce and Rs 2,159 in United Bank of India.
Out of these seven PSBs, Bank of India is likely to get the highest amount of Rs 10,086 crore, followed by Oriental Bank of Commerce, which might get Rs 5,500 crore through recapitalisation bonds
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
Security at the PCA stadium in Mohali was tightened on Monday as the Pakistan cricket team went through the grind during a practice session ahead of Tuesday's ICC World Twenty20 match against New Zealand.
India Test regulars like Cheteswar Pujara and Ishant Sharma have also thrown their hat into the ring with base prices of Rs 50 and Rs 75 lakh respectively.
In a significant decision aimed to encourage players to hone and perfect their skills first, Punjab Cricket Association has decided not to give NOC to any player registered with the PCA under the age of 21 years who play in T20 game for any club/team/institution including the cash-rich and glamorous IPL.
'It's a toss-up between a fire sale of equity or merger with a strong bank,' points out Tamal Bandyopadhyay.
Yuvi came out to bat when Robin Uthappa's wicket fell and he provided the late flourish allowing India to post 218 runs on the board. India went on to beat England by 18 runs.
RBI says haste in easing norms for banks harmful to economy.
Anderson threw his weight behind Robinson during an interaction with the British media. Asked whether Robinson's apology has been accepted by the team or are some players still uneasy about it, he said, 'No, I think it's been accepted.'
The Indian skipper said the innings was so "special" that everything kept coming off while he admitted to being under pressure.
Balbir Singh Sr met MS Dhoni four years ago when the Indian team was at the PCA stadium in Mohali ahead of their World T20 tie against Australia. Singh wanted to convey his good wishes to the team before the game.
A staunch defender of demonetisation, it would be interesting to see how he handles the government's increasing demand for more cash from the RBI, and letting some weak banks get out of prompt corrective action.
The England and Wales Cricket Board (ECB) has cancelled contracts of the players who were due to participate in the inaugural edition of 'The Hundred' which was pushed to next year due to the coronavirus pandemic. The new 100-balls-per-side format, to be played by eight teams in separate men's and women's tournaments, was scheduled to be held between July 17 and August 15 but had to be postponed because of the pandemic.
Cox & Kings had a total debt of Rs 3,238 crore at end of FY19 and this included both short-term and long-term loans.
'We try to pick up stocks early and hold onto them for the long term.' 'We are not someone who buys and sells on a daily basis.'
Progress on the steps taken by Governor Shaktikanta Das' predecessor Urjit Patel to restore financial system integrity will be a key thing to assess any damage to the institution, Subramanian said.
The coming years could be exciting for Bandhan Bank, IDBI Bank, IDFC First Bank, Federal Bank, and CSB Bank.
The Supreme Court on Tuesday held as invalid and unconstitutional the legal provision which makes sanction of competent authority mandatory for the Central Bureau of Investigation to probe a corruption case against an officer of joint secretary-rank or above, saying it has the propensity of shielding the corrupt.
Let all the stakeholders, especially the government, remember that if the Make in India lion needs to roar and rise again, it won't happen unless India Inc rises too, points out Shekaar Subramanian.
The Rajasthan Cricket Association (RCA) Monday pulled down pictures of Pakistan players from its lobby, protesting against the terrorist attack in Pulwama.
These changes will entail a relook at the various laws governing banks in the country - the two Bank Nationalisation Acts (passed in 1970 and 1980); the State Bank of India (SBI) Act of 1955; and the Companies Act of 2013.
Former Attorney general Soli Sorabjee earlier in the day said that the Jallikattu Bill will pose a serious constitutional challenge.
Rajneesh Gupta previews Game 9 in IPL 12: Kings XI Punjab vs Mumbai Indians.
'His (Das) approach to work seems that of working as a team with ease in communication.'
Ignored for India's first Test against the West Indies at home, Harbhajan Singh was named captain of the Punjab Ranji Trophy team that will take on Uttar Pradesh in their opening encounter at Mohali, beginning November 3.
# India performed a hat-trick of bilateral series wins against England at home for the first time -- 5-1 in 2005-06, 5-0 in 2008-09 and 3-0 in 2011-12.
The board deliberated on the governance framework of the RBI and it was decided that the matter needs further examination
Excited spectators, draped in tricolours and holding placards and posters, started queuing up at the gates of the PCA stadium since morning as the city geared up to host the high-voltage World Cup semi-final clash between India and Pakistan amid unprecedented security in Mohali.
Punjab Cricket Association on Friday said they will prepare a sporting wicket for next week's opening Test match between India and South Africa at Mohali with the pitch expected to help fast bowlers initially and the spinners also coming into play later on, in the five-day match.
Zero-coupon bonds don't give out interest but are issued at a deep discount to the face value, making it difficult to ascertain the net present value.
Once renowned stars of their own sporting arena, former India hockey players Gagan Ajit Singh and Rajpal Singh will be in incharge of security at the PCA stadium, in Mohali, during ongoing ICC World Twenty20.
The England and Wales Cricket Board (ECB) has said the season will not start before May 28 and speculation has been mounting over how their leading players would respond to the situation. The ECB's centrally contracted women players have volunteered to take a salary reduction for the months of April, May and June in line with their coaches and support staff.
The Professional Cricketers' Association (PCA) is investigating claims that players were pressured to go ahead with Saturday's Indian Premier League match between Royal Challengers and Mumbai Indians despite a bomb blast outside the stadium in Bangalore.
It is without doubt one of India's best stadiums. However, it won't stay that way in the future. Ever since hosting its first international match a One-dayer featuring India and South Africa in November 1993 - the Punjab Cricket Association (PCA) stadium in Mohali has been everyone's favourite.
Prolonged spells of rain in the region have affected preparation of pitch at the PCA stadium here which is to host the first Test against Australia next month, its curator said in Mohali.
Indian Premier League side Rajasthan Royals (RR) on Monday appointed former CEO of the Professional Cricketers Association (PCA) Sean Morris as its new chief executive officer.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
Is the worst over for Indian banks? The past two years saw them ride on treasury trades as deposits soared and credit growth dipped sharply. Gross and net non-performing assets (NPAs) moved south, and the provision coverage ratio (PCR), capital buffers, and profitability indicators are back at pre-pandemic levels. So, what's the plot ahead?
The Haryana Cricket Association officials indicated that it would field HCA President Ranbir Singh Mahendra for the top job.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances