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The finance ministry is studying the price movement of the probable stocks which could form part of the index.
The Finance Minister said that the economies of scale as far as the banking sector is concerned are of great help whether from borrowing rates to optimum utilization.
Following Anil Ambani's RCom filing for bankruptcy, the telecom sector proves its deep crisis and the disruption has almost entirely to do with the predatory pricing and tactics of Reliance Jio.
According to the central bank, Yes Bank has apparently made a 'confidential' Risk Assessment Report public and also misreported its gross NPAs.
However, the official clarified that this is only the general procedure followed when such allegations come up.
The CBI refuted the argument in a reply filed before special judge JC Jagdale here earlier this week.
Yes Bank shares surged 31 per cent on Thursday to close at Rs 221, up Rs 52, a phenomenal single day gain following “nil divergence” observation from the Reserve Bank of India.
The Reserve Bank of India (RBI) assesses compliance by banks with extant prudential norms on income recognition, asset classification and provisioning (IRACP) as part of its supervisory processes.
On day two, when the retail portion was on offer, with 77.09 lakh shares on sale, the issue was subscribed 3.86 times though retail bids were only 0.32 times of the issue size.
The attempt to rob the bank was made at the State Bank of India Bangarupalem branch. According to police, at least three persons were involved in the attempt.
Allahabad Bank, Bank of Maharashtra and Indian Overseas Bank have been fined Rs 1.5 crore each, Rs 1 crore fine has been put on Andhra Bank and HDFC, IDBI and Kotak Mahindra fined Rs 20 lakhs each.
While Singh praised the banking sectors concern about the Non-Performing Assets and bad debts, he highlighted that recoveries have been more than 99 percent on need based financing.
Retail business is going to be the richest prizefight among banks in the coming quarters and newly merged IDFC First Bank has chalked out a mid-term plan to claim a sizeable chunk of that segment.
State Bank of India (SBI) had to compensate damages for deficiency in service in the payment of insurance premium of a vehicle.
The Cabinet meeting on Tuesday asked bankers to not attach properties in the flood hit areas of the state.