• Tag results for banks

PSU banks may need more than budgeted capital infusion of Rs 10,000 crore: RBI Deputy Governor Mundra

The process of NPA resolution and capitalisation are closely associated, Mundra said, adding that, it appears banks may need additional capitalisation post the exercise.

published on : 16th June 2017

RBI deputy governor Mundra says state-run lenders may need more capital

The RBI this week had identified 12 of the largest loan defaulters and said creditors must pursue bankruptcy proceedings against them.

published on : 16th June 2017

Cabinet clears Bill to deal with bankruptcy in insurers, financial entities

The proposed Bill will provide for a comprehensive resolution framework to handle any bankruptcy situation in banks, insurers and financial sector entities.

published on : 14th June 2017

Arun Jaitley to meet PSU bank chiefs tomorrow to review NPA situation

The minister will review the financial performance of all the public sector banks at the meeting.

published on : 11th June 2017

Big Indian state-run banks need up to USD 14.8 billion capital by March 2019: Moody's

Moody's believes that capital infusions from the government remain the only viable source of external equity capital.

published on : 8th June 2017

Government expands Banks Board Bureau, appoints two more members

The government has expanded the Banks Board Bureau (BBB) headed by former CAG Vinod Rai by adding two more members.

published on : 29th May 2017

Non-bank finance firms cash in on Indian lenders' bad loan pain

Public sector lenders led by State Bank of India and Punjab National Bank are saddled with bulk of India's $150 billion in stressed loans.

published on : 17th May 2017

Small businesses suffer in India as bad loans force banks to sit on deposits

A mountain of bad debt in India's banking system has led to a prolonged credit crunch.

published on : 17th May 2017

Organisations hit by global cyberattack

A huge range of organisations around the world have been affected by the WannaCry ransomware cyberattack.

published on : 13th May 2017

Russian banks, ministries hit by viral attacks

Russian health ministry aide Nikita Odintsov said on Twitter that the ministry had quickly thwarted the attempted attacks.

published on : 13th May 2017

Fast-moving cyber attacks wreak havoc worldwide

The hunt was on for the culprits behind the assault, which was being described as the biggest cyber ransom attack ever.

published on : 13th May 2017

Australian banks lick wounds after tax hit, investors brace for impact

The announcement was seen by political analysts as payback for the government's efforts to block opposition calls for a wide-ranging inquiry into misconduct in the banking sector.

published on : 10th May 2017

Brexit-inspired Banksy mural appears in England

The mural, which was confirmed by Banksy's representatives to be a genuine work by the elusive artist, is his first comment on the Brexit vote last year.

published on : 8th May 2017

London finance centre to stall on Brexit: Goldman boss Lloyd Blankfein

UK-based banks and other financial firms face losing passporting" rights to sell services to clients operating in the European Union. 

published on : 5th May 2017

RBI given more powers to tackle bad loans, says Arun Jaitley

Non-performing assets or NPAs of banks have risen to about 17 per cent of total loans, the highest level among major economies

published on : 5th May 2017
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