As many as 23 banks, public and private alike, may face penalties with retrospective effect if they are unable to ensure eight Aadhaar enrolments or updations per branch per day from November

All the 38 listed banks accounted for gross NPAs totalling over Rs 10.17 lakh crore in the quarter ended March.

Earlier this week, reports pointed out that India's private banks have recorded a 450 per cent jump in gross NPAs in the past five years. But according to a recent CARE Ratings report, there has been a significant spurt in NPAs even on a quarterly basis where the fourth quarter results of the last fiscal are concerned. 

RBI showed a lot of spine in nudging Sharma to look for an honourable exit. Even after the Axis Bank board had approved a fourth 3-year term for Sharma starting June 1, the banking regulator wrote back to the board to reconsider its decision.

How a little-known bank lending to local traders in Maharashtra turned into one of India's top 10.

The Unions call for nation-wide strike came in the backdrop of a news that the government was working on a consolidation agenda with a view to creating 3-4 global-sized banks and reduce the number of state-owned lenders to about 12.

Sensex ended the day 76.17 pts higher at new closing peak of 30,658.77 while the Nifty gained 13.50 pts to record a closing of  9,525.75.

Indian benchmark indices opened flat, with a negative bias, tracking muted global cues.

The market rallied after the RBI kept key policy rates unchanged but said it would remain \"accommodative\" as it keeps watch on inflation after it climbed unexpectedly in April.

Strike call given by a section of public sector banks' officers for tomorrow has been called off and all the branches of the lenders will function normally.

In a filing to the BSE, State Bank of India said, \"All India State Bank Officers' Federation being affiliated to All India Bank Officers Confederation, will also participate in the strike.

Strike, if happens, will coincide with the unveiling of Budget for 2016-17 in Parliament.

Consumer prices are expected to have risen 4.82% in October from 2014, faster than September's 4.41% increase but still below RBI's January 2016 target of 6%.

It had issued a Show Cause Notice to the bank for not complying with KYC and AML guidelines in respect of a current account under investigation of the Economic Offences Wing (EOW), Mumbai.

The rupee fell to more than one-month low on fresh demand for the American currency from banks and importers amid higher greenback in overseas markets.

The case was busted after Enforcement Directorate got leads from an accused in Bank of Baroda case. On the trade-based money laundering radar, are Oriental Bank, ICICI, Kotak Mahindra, among others.

There are expectations from the new government under Prime Minister Narendra Modi that bank consolidation will gather steam.

Expectations that government will come out with more reforms in Winter Session of Parliament also influenced sentiments, brokers said.