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June 25, 2017

The UKs largest government-owned bank said it was moving the jobs, which help handle loans for small businesses, as part of an ongoing cost-cutting drive.

BT Online
June 23, 2017
The three steel firms have to repay loans worth nearly Rs 1 lakh crore to the lenders.
PTI
New Delhi, June 23, 2017
The decision was taken at a marathon meeting chaired by the SBI. While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore.
Reuters
New Delhi, June 22, 2017
Pradeep Kumar, a former vigilance chief, was named chairman of the five-member panel, which has three former bank chief executives and a leading corporate sector executive among its members.
PTI
New Delhi, June 22, 2017
So far, Maharashtra and UP have waived nearly 30-40 per cent of outstanding agri-bank credit, while for Punjab it was 15 per cent, according to the report.
BT Online
June 22, 2017
According to a report in The Economic Times, the three steel firms have to repay loans worth over Rs 1 lakh crore to the lenders.
PTI
Mumbai, June 22, 2017
The BSE Sensex made a strong recovery of 136 points at the start today on the back of a slew of steps by regulator Sebi to make markets more attractive for investments.
Mail Today Bureau
Mumbai, June 22, 2017
Capital markets watchdog Sebi steps in to facilitate the restructuring of listed companies with stressed assets which will make it easier for banks to resolve the Rs 8-lakh crore bad loans crisis.
PTI
New Delhi, June 21, 2017
RBI Chief Urjit Patel, during the MPC meeting held on June 6-7, also underlined the need for resolution of stressed assets of banks and timely recapitalisation of public sector lenders.
PTI
New Delhi, June 21, 2017
Markets regulator Sebi today relaxed norms for stake purchase in distressed listed companies by lenders, exempting them from making open offers for shareholders.
BT Online
June 21, 2017
Siddaramaiah-led Congress government has been facing intense pressure for long to dole out loan waivers to farmers after Uttar Pradesh, Maharashtra and Punjab made similar announcements to fullfill their poll promises.
Diksha Ramesh
New Delhi, June 21, 2017
Can waiving loans solve the larger agricultural crisis that have plunged the farmers into despair?
PTI
June 21, 2017
Punjab Finance Minister Manpreet Singh Badal today blamed commercial banks for "unethical" loaning to farmers which made growers "debt ridden".
PTI
New Delhi, June 20, 2017
"There is no such proposal. We have got FRBM Act and fiscal deficit target, we intend adhering to it," Finance Minister Arun Jaitley said in New Delhi.
BT Online
June 20, 2017
Punjab has announced crop loan waiver of up to Rs 2 lakh for farmers who own less than five acre of agricultural land and a flat relief of Rs 2 lakh for all other marginal farmers, irrespective of the loan amount.
PTI
New Delhi, June 19, 2017
Moody's Investors Service today said the initiation of insolvency proceedings on 12 large loan defaulters is credit positive for Indian banks as it will improve their overall asset quality.
BT Online
June 16, 2017
Amid growing concerns regarding stress in the public sector banks due to bad loans, the Reserve Bank of India (RBI) has reportedly sent bankers the list of 12 stressed accounts that they must resolve through the Insolvency and Bankruptcy Code.
Anand Adhikari
Mumbai, June 15, 2017
The Central Bank of India has become the fifth public sector bank (PSB) to come under the Reserve Bank of India's Prompt Corrective Action (PCA).
BT Online
June 15, 2017
The Central Bank of India is the fifth bank in the past couple of months that the RBI has imposed Prompt Corrective Action (PCA) on. IDBI Bank, Indian Overseas Bank, UCO Bank and Dena Bank are the other four panks who have been placed under the PCA.
Mail Today Bureau
June 15, 2017
Vijay Mallya, sought by India for defaulting on several bank loans of nearly Rs 9,000 crore, has been in the UK since March 2016 and was arrested by the Scotland Yard on an extradition warrant on April 18.
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