To combat terror financing, India and the US committed to work together to check illicit money transfers.
Apart from streamlining loan processing, most public sector banks charge lower interest rate, an aspect which seems to be game changer.
SBI leads a 17-member consortium of lenders that is trying to recover dues running into over Rs 7,500 crore (Rs 75 billion) in principal alone from Kingfisher Airlines.
SBI, PNB, Bank of Baroda, Canara Bank, Dena Bank, Central Bank of India ended down 3%-12% each.
At 12:25 PM, the barometer index, the S&P BSE Sensex was down 358 points or 1.3% at 26,368.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
The estimated cost breakdown is one of the most important forms in the construction loan package.
S.Kumars chief Nitin Kasliwal is charged with non-performance by company shareholders in the recently help AGM of the company.
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
More than 10% (40 of 498 companies) have lost at least half their market value.
The prime minister, on his first trip to his Lok Sabha constituency in over eight months, claimed poverty alleviation measures have lacked a proper direction and they are spoken about during election time as a "tradition".
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The 30-share Sensex ended 117 points higher at 26,560 and the 50-share Nifty gained 31 points to end at 7,936.
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Bankers remained ambivalent on the impact of Tuesday's policy announcement by Reserve Bank on the cost of funds and refrained from giving a guidance on the direction in which lending rates are headed.
'The critics were writing so well about me, I was shocked!' 'My phone didn't stop ringing!' 'This is the biggest tribute for a senior actor.' 'Now, I can pack up.'
The move also invalidates, albeit temporarily, Mallya's repeated assurances to the court and the public of a revival plan for the carrier.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
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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.
With the first salary date after demonetisation around the corner, will India's labourers be able to take their hard-earned wages home?
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
Many from this small lender have made it to other bank boards over the past 5 years
Could this reluctance be tied to the family's projection of themselves as the last bastion of the aam-aadmi's interests? Do they fear that a full disclosure of their not-inconsiderable assets would go against their carefully-cultivated pro-poor image, wonders Saisuresh Sivaswamy.
'These are only passing clouds. The banking industry is a century-old industry and this is not the first time it is going through such a crisis.' 'When the economy revives, those companies that are in the infrastructure fields will also get revived.' 'After all, a lot of money has gone into creating assets like power projects and roads, so you can't say money has been wasted.'
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy Guha Thakurta.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
