He said the Finance Minister assured the delegation that the Financial Services Secretary would look into the matter and the settlement process would be expedited.
She was the managing director and the CEO of PNB since August 14, 2015 before being appointed in Allahabad Bank on May 6, 2017.
Meanwhile, for the fortnight ended March 20, deposits grew 11.42% y-o-y.
All the 27 public sector banks together have market share of about 70 per cent.
If you default, it will affect your credit score and your career.
Business houses expect rate cut in next RBI policy.
Microsoft will stop technical support for its most popular operating system (OS) Windows XP globally from Tuesday, bringing down curtains on the software giant's longest running OS.
The current process for selecting auditors could compromise their "independence".
RBI might further cut rates by 50-75 basis points later.
A Reserve Bank panel has suggested a benchmark floating interest rate, especially or home loans, to bring greater transparency in the pricing of credit.
RBI deputy governor N S Vishwanathan has said the new framework was in line with the Insolvency and Bankruptcy Code guidelines.
The Reserve Bank will consider reducing the number of free ATM withdrawals, as recommended by Indian Banks' Association, in an effort to cut down on cash transactions in the economy.
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After scrapping the selection of six UPA-appointed bank chiefs, the government has now decided to make significant changes to the selection process.
Bad loans of PSU banks rose by 28.5 per cent.
Head of state-run Indian Bank T M Bhasin had called for a CRR cut.
Banking services are likely to be affected for the next four days as employees of PSU banks plan to go on a zone-wise relay strike beginning with Southern region from Tuesday, after wage revision talks failed.
Banks Board Bureau chief Vinod Rai has proposed performance-linked incentives for bank employees, but the staff unions are dead against the idea.
Bank employees body AIBEA, which is a major constituent of the United Forum of Bank Employees' Association that has called a nationwide strike, on Tuesday said Finance Minister P Chidambaram rejecting wage demands of bank employees is "unfortunate" and the strike was forced on them.
India Inc has pitched for rate cut to boost economic activities.
The Reserve Bank is unlikely to lower the interest rates.
Is the SBI chairman leaving the bank in a stronger and better position than what it was? Abhijit Lele finds out.
As Microsoft ends support for its Windows XP next month, the software giant said a number of ATMs are yet to upgraded and such cash vending machine may face security risk.
These numbers show overall exposure and are not a reflection that all loans are going to be impacted.
Jaitley said the government had earmarked Rs 25,000 crore (Rs 250 billion) for recapitalisation.
Slow credit off-take to put pressure on margins
IBA has commissioned a study to evaluate the pros and cons of keeping banks shut on Saturdays.
Stating that its ATM operations are making losses, nation's largest bank SBI has said it is all for charging customers for transactions.
The 30-share Sensex ended lower by 46 points at 27,842 and the 50-share Nifty slipped 17 points to trade at 8,378.
Banks want lower provisioning burden on recast debt, interest on cash reserve ratio deposits.
The changes would be the most ambitious overhaul to date of rules governing the liquidation or revival of companies in India.
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The Reserve Bank on Monday warned lenders against outsourcing their credit processing activities to third-party entities.
'NiMo having skipped, the next best bet is a high-profile banker.' 'Ms Usha happens to be in the wrong place at the wrong time.' 'Ms Usha's crime? That's as thin as it gets.'
Rush to offload bad loans indicates a revival in asset-sale market
Reserve Bank Governor Raghuram Rajan is widely expected to hold the key rates citing high inflation at the fourth bi-monthly monetary policy announcement on Tuesday, even though the pro-growth lobby has been wishing for a rate cut.
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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 suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM network of Yes Bank
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
It is to keep labour unions away and make the employees feel important.
Addressing bankers and economists at Bancon 2013, a flagship event of the Indian Banks' Association, Chidambaram told the lenders to deal firmly with wilful defaulters, but handhold those who are reeling under the impact of the economic slowdown.
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