- Tag results for banks
India likely to stick to deficit target, may step up bank reform: Economic Advisory Council member Surjit Bhalla
Prime Minister Narendra Modi's government has already used up nearly all of its budget for the current fiscal year and tax revenues are expected to fall far short of initial expectations.
The state government will provide bank guarantee of Rs 150 crore to the Kerala State Women’s Development Corporation for availing of loans from Central agencies.
Banks are likely to need nearly Rs 3.3 lakh crore this fiscal as provisioning for large NPA accounts in the current financial year, said a Crisil report.
The government has approved the appointment of executive directors for nine public sector banks.
The finance ministry is mulling reducing the number of public-sector banks in India by merging some of the banks.
The panel proposed to remove some of the .leeway that banks have enjoyed, including allowing lenders to use only one of three benchmarks to set their lending rates.
The US Treasury announced tighter financial sanctions on Russian banks and energy firms because of Moscow's continued interference in Ukraine.
After the note-ban last November, the Modi government has pushed banks into deploying millions of points-of-sale machines to encourage online payments.
Ambani said the telecom sector needed a minimum of Rs 100,000 crore a year to expand and maintain quality of service.
UK banks will carry out immigration checks on 70 million current accounts from January in the biggest extension of Prime Minister Theresa May's plans to create a "hostile environment".
India has taken a series of steps to ensure the common man has access to financial services, SBI chairman Arundhati Bhattacharya said as she called for collaboration.
Chinese state-owned investment firm CITIC has provided USD 10 billion credit line for Iranian banks to finance water, energy and transport projects.
When it comes to engaging with the formal banking system, nearly 50 per cent of the women preferred depositing money in formal banks and almost 72 per cent in rural banking institutions.
That is far above the $11 billion in capital infusions into state-run lenders the government has budgeted through March 2019, with $3 billion due to be injected in the 2017/18 and 2018/19 fiscal years
The case in which a nationalised bank was ordered to pay compensation to one of its customers after his cheque got encashed by someone else proves that even the cheque drop boxes in banks aren't safe.