• Tag results for banks

SBI Caps’ ownership rejig plan could trouble PSBs

The country’s largest lender SBI wants to revamp the ownership structure of its money-spinning subsidiary SBI Caps, but the proposal has put Public Sector Banks (PSBs) in a spot. 

published on : 22nd April 2018

Public sector banks among leading government bodies in rejecting RTI pleas: Study

The 26 public sector banks, including the RBI, got 9 per cent of the total RTI applications received by all central authorities.

published on : 19th April 2018

All-India Banks Employees Association ​threatens agitation on cash crunch issue

For the past few weeks, banks in many states, especially those in Uttar Pradesh, Madhya Pradesh, Rajasthan, Gujarat, Telangana, and the poll-bound Karnataka have been facing severe cash shortages.

published on : 19th April 2018

'Fund managers may trim exposure to PSU banks'

According to mutual fund tracker Morningstar India, equity funds exposure to the sector in 2017 was highest at nearly 28 per cent and the trend is likely to continue this year as well.

published on : 15th April 2018

Eviction of residents on Cooum banks stalled

The Madras High Court has ordered maintenance of status quo in the matter relating to eviction of residents of Sri Shanmuga Nagar at Thiruverkadu by revenue officials of Tiruvallur administration.

published on : 15th April 2018

All India Bank Employees' Association opposes demands for privatisation of public sector banks

AIBEA General Secretary said ever since PNB-diamantaire Nirav Modi's Scam came to light, there has been strong voice from different corners demanding privatisation of PSBs

published on : 14th April 2018

Reliance Jio plans to raise USD 500 mln from Japanese banks 

Telecom operator Reliance Jio is learnt to be in talks with three Japanese banks to raise USD 500 million (around Rs 3,250 crore) in debt

published on : 13th April 2018

Time ripe to nationalise private sector banks: Employees unions 

Employees unions of public sector banks have made a strong pitch for nationalisation of private sector lenders amid allegation of corporate governance lapses and concealing of information.

published on : 13th April 2018

Former DoPT Secretary Bhanu Pratap Sharma replaces Vinod Rai as Banks Board chief 

The BBB's term under Rai ended on March 31 and the new board has been set up at a time when the banking sector is grappling with mounting bad loans and frauds.

published on : 12th April 2018

India, Pakistan central banks clamp down on crypto-currencies

State Bank of Pakistan told banks to refuse customers seeking crypto-currency transactions. Indian government and RBI have previously cautioned the public over crypto-currencies

published on : 7th April 2018

Some PSU banks can be privatised, though time is not right now: SBI Chairman

The SBI chairman's attention was drawn to an article by economist Arvind Panagariya which had argued that all the PSBs, except the SBI, could be privatised.

published on : 6th April 2018

Honest citizens ultimately bear burden of bank defaults: President Ram Nath Kovind

The banking sector has also been hit by scams, with the most glaring one seen in the state-owned Punjab National Bank, he said.

published on : 5th April 2018

Indian banks' credibility at all-time low, says Congress

With several fraud cases worth thousands of crores of rupees surfacing in Indian banks, the banking sector gone into a "deep crisis" with credibility at all-time low due to the failure of regulatory .

published on : 30th March 2018

Nepal banks allowed to borrow from foreign banks for the first time

Nepal Rastra Bank's (NRB) board of directors yesterday held a meeting and made a decision to this effect, according to sources at the central bank.

published on : 30th March 2018

Rs 370 crore bungled in Odisha cooperative banks

Audit reports have unearthed financial irregularities to the tune of Rs 370 crore in cooperative banks of the State where thousands of small depositors park their hard-earned savings.

published on : 29th March 2018
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