The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms
This is the first tranche of capital infusion for the fiscal and more funds would be provided in future depending upon the performance of PSU banks.
The case of alleged bribery of Syndicate Bank Chairman-cum-Managing Director S K Jain may come up for discussion in the meeting of Special Investigation Team on black money, as it is a "classic" case of how proceeds of corruption were transferred through hawala channels.
'There's a huge need for advancements in current security incident logging and monitoring practices.'
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
The incidence of corruption cases can be checked to a large extent if the suggestions already available with RBI and the government are taken seriously, says Shyamal Majumdar.
As industrialist Vijay Mallya fights his wilful defaulter tag, former CAG Vinod Rai has said Kingfisher Airlines' loan default is just a "trickle" and the overall problem of huge bad loans at public sector banks can be blamed on 'cronies' using connections to borrow money.
If a name does not unify the three, there could be continued clash of identities, which could splinter the brand even before it takes shape, say Abhijit Lele and Nikhat Hetavkar.
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Banks had a tough time in recovering loans from corporates in 2014.
Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own.
Government to infuse funds in cash-strapped banks.
High interest rate, policy uncertainty in the year of elections, along with risk aversion led to slow takeoff in credit demand on the corporate front.
The Central Bureau of Investigation (CBI) had told the finance ministry some "well-known" companies in the power, oil, and telecommunications sectors were involved in round-trip trading by indulging in third-party transfers in violation of law.
LIC, ICICI Bank, PNB to have nominees on board; firm asked to sell non-core assets.
Earlier, a special CBI court had issued non-bailable warrants against Neeraj Singal, Vice Chairman and Managing Director of Bhushan Steel Ltd, and Purushotam Totlani, an alleged middleman, in connection with the Syndicate Bank bribery case.
The judge had on Wednesday dismissed the anticipatory bail plea of Singal.
The rally in most of these stocks is partly attributed to impressive financial performance.
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SpiceJet's ex promoter Ajay Singh is trying hard to pump in huge money into the airline.
The Nafed has outstanding dues of Rs 224.26 crore (Rs 2.24 billion) as of February 15.
Vaihayasi Pande Daniel reports on the Sheena Bora Trial.
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Bank stocks have underperformed in the second quarter of FY'14 with the BSE Bankex declining 18 per cent compared to fall of 1 per cent in the BSE 30-stock index, Sensex, during this period.
Bank CFOs may meet next week to discuss minimum public shareholding and takeover rule issues.
Despite high exposure of public sector banks to power, iron and steel sectors, analysts remain in a wait-and-watch mode.
The Central Bureau of Investigation has started a preliminary enquiry looking into the Rs 950 crore (Rs 9.5 billion) alleged bad loan given by IDBI Bank to Kingfisher Airlines ignoring the company's negative credit ratings and net worth.
With the stock market entering a bull phase, many believe the Singals can bring in the much-needed equity capital and reduce their debt.
Three or four accounts are enough for one family. Having more increases paperwork and can be misused as well.
State Bank of India's push among fellow bankers to appoint an external agency to run debt-heavy Bhushan Steel might not be smooth sailing.
Vaihayasi Pande Daniel reports from the Sheena Bora murder trial.
Insolvency professionals feel the bankruptcy code will deter defaulters, but NPAs will not cease unless banks are sensitised on credit appraisal and experts are hired by banks to inspect what is happening with their loans.
The government's step to curtail fiscal deficit is helping the central bank's monetary policy, Rajan said.
FM says government policies aim to contain inflation, spur growth.
Stung by the crisis arising out of the Syndicate Bank bribery case, lenders have gone into a fire-fighting mode to avoid fresh bad loans from their exposure to Bhushan Steel, one of the most indebted steel companies in the country.
'Quite the raconteur, much to the dismay of Courtroom 51's CBI Special Judge Jayendra Chandrasen Jagdale, Christopher 'Doglis' Marquis, a Bandra dog-breeder who was Prosecution Witness No 57 and a panch or witness, seemed to move into the witness box with glee, embellishing every answer that he gave to the lawyers' questions with a variety of additional details.' Vaihayasi Pande Daniel reports from the Sheena Bora murder trial.
Firm terms lenders' move to appoint monitoring agency 'unwarranted'.
To boost fund raising from markets, Sebi on Thursday proposed e-IPO norms where investors can bid for shares through Internet and eventually on mobiles, while already listed PSUs will be provided a 'fast-track' route for share sales to meet the disinvestment targets.
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
GIFT is a financial centre almost entirely devoid of bankers and, indeed, of people.
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With new private banks in the play, the going could become more difficult for the old-school state-run banks, already losing business and market position, forcing them to think hard towards consolidating and forming larger entities to garner big-ticket deals.
The BJP had not filed till May the expenses statement for the Karnataka Assembly elections held last year in July.
Peter told Judge Jagdale that there was only jewellery in the locker -- some of it that he had "gifted to my wife" and some that "she had received" at the time of their marriage, that the CBI had already inspected the locker in his presence and were aware of what was there.
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