The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms
Moody's Investors Service on Thursday downgraded subordinated debt ratings of 11 Indian banks, including SBI, ICICI Bank and HDFC Bank.
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.
Jayesh Gandhi, Fund Manager, Birla Mutual Fund says that they have exposure to Allahabad Bank, IOB, PNB and Union Bank.
The BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1.1%, respectively
With hike in deposit rate for expatriates, RBI has reversed the trend of fall in NRI deposits and ensured that banks have additional funds to lend to needy sector of the economy.
Rajan sees banks passing on the benefit of lower rates regime to customers.
The board of directors at its meeting held on October 22, approved the said appointments, the exchange said in a regulatory filing on Wednesday.
Sensex ended up 110.10 points at 11,660.79, while Nifty closed up 24 points at 3390.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
These consistent performers are expected to maintain momentum.
The Reserve Bank of India's move to raise ceiling on NRE rupee deposits have prompted IDBI, Union Bank of India and Yes Bank to increase interest rates on fixed deposits of non-resident Indians.\n\n
Bankers expect a stable interest rate this year after Finance Minister P Chidambaram promised to keep government borrowings lower than the budgeted Rs 1,00,836 crore (Rs 1008.36 billion) during 2005-06.
P K Ajwani was wanted in connection with a disproportionate assets case.
The markets have opened in the green in line with global peers and buying was seen in oil, pharma, capital goods and technology stocks.
12 banks have been authorised to receive such donations to the Prime Minister's National Relief Fund.
At 11.58 am IST, the Sensex is up 59.24 points or 0.47% at 12682.52, and the Nifty up 8.10 points or 0.22% at 3665.4.
Railway passengers can book their tickets and do shopping using RuPay pre-paid debit cards.
The two Grandmasters lead the field with six points in the Commonwealth chess championship.
Despite no change in interest rates, India's largest lender, State Bank of India, last week became among the latest to lower deposit rates, often a precursor to lower lending rates, something some banks have already done for certain consumer loans.
The broader NSE index has fallen about 0.9% as investors wait for corporate results
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
Moody's Investors Service has changed the outlook for the long-term foreign currency deposit ratings of a number of Indian banks -- currently rated Ba2 -- from 'negative' to 'stable' for India.
We will continue to grow at 25 per cent -- we can't handle more than that.
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