Since loan has been declared as \"fraud\", PNB will have to set aside 100% loan amount as \"provision\" as per RBI rules; this can either be done in four quarters or one go

The company is a 100 per cent subsidiary of Reliance Capital Ltd, and offers a wide range of financial products including small and medium enterprise loans, loans against property, infra financing, agriculture loans and supply chain financing

Bank of Maharashtra, UCO Bank, Central Bank of India, Jammu & Kashmir Bank were among top gainers from the Nifty PSU Bank index, gaining between 5-7 per cent

IDBI Bank share price opened with a gain of 4.97% at Rs 40.15 today and was locked in upper circuit in afternoon session

Share price of IndusInd Bank rose 6.99% intraday to Rs 563.75 against previous close of Rs 526.90 on BSE

India Stock Market Highlights Today: Infosys, HCL Tech, Nestle India, M&M, Reliance Industries and Tech Mahindra were among the laggards today, while IndusInd Bank, followed by UltraTech Cement, Tata Steel, Sun Pharma, L&T and ICICI Bank were among gainers.

Stocks to watch today on July 29: IDBI Bank, YES Bank, Castrol, IndusInd Bank, Nestle, Bank of Baroda among others are the top stocks to watch out for in Wednesday's trading session.

Top companies that hit the primary market with initial public offerings (IPOs) last year included IRCTC, CSB Bank, Ujjivan Small Finance Bank, Prince Pipes, IndiaMart, Neogen Chemicals, Rail Vikas Nigam, Sterling and Wilson Solar, and Affle India among others

In his book, Patel is also critical of Mudra loans where government has set targets in the past for banks to give collateral-free loans up to Rs 10 lakh. Currently, the NPAs in the Mudra loans are one of the highest, even reaching 20 per cent-plus level for some PSBs

The customers can use the new feature for their mobile bills, mutual funds and loan payments, transit or metro fares, EMI payments,insurance, electricity bills, and others

Earlier in 2019, the government created a handful of larger banks by merging ten state-owned banks into four. \"Now we are thinking of selling the unmerged banks to private players,\" government sources said

Stock Market Highlights on July 21: ICICI Bank, followed by Maruti, Kotak Bank, Axis Bank, Power Grid and HDFC Bank were among the top gainers today, while Bajaj Finserv and ITC were the top laggards.

Higher voting rights in private bank may come as a dampener for attracting new investors into the bank; investors may feel that SBI would call shots in deciding future strategy

Bank home loan interest rates: The reduction in MCLR for shorter tenor - up to three months - is aimed at boosting credit offtake and revive demand

Public sector banks sanctioned Rs 65,863.63 crore to 32,00,430 account holders, of which Rs 35,575.48 crore have already been disbursed; private sector banks sanctioned loans worth Rs 48,638.96 crore to 4,28,014 account holders, of which Rs 20,515.7 crore have already been disbursed

Veteran banker and CII President Uday Kotak had said the public sector banks would need financial support from the government to drive the economy, while private sector banks need to raise capital from various sources to meet the future challenges

Intel Capital to pump in Rs 1,894.5 cr in Jio Platforms; 12th investment in 11 weeksIntel Capital, investment arm of Intel Corporation, will invest Rs 1,894.50 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Intel Capital's investment will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis. Intel Capital joins the list of marquee firms that have recently invested in Jio Platforms, taking the ...

Banks flush with funds are willing to lend for short-term, especially because there are not enough good lending opportunities because of slowdown

ONGC share price slipped 3.93% to Rs 78.2 against previous close of Rs 81.40.

The domestic unit today opened flat at 75.50 per dollar and later fell 4 paise lower at 75.54 against the US currency as compared to its previous close of 75.50 on Tuesday