There is a compelling reason for banks to monitor the credit worthiness of borrowers with the use of technology, CEA KV Subramanian said.

The shares of many PSU banks closed higher on stock markets due to buying interest in them following the government's plan to recapitalize banks with funds

The survey witnessed the participation of 23 banks, including public sector, private sector, foreign and small finance banks, which together represent over 65% of the banking industry, as classified by asset size.

The Bank Led Resolution Plan (BLRP) by lenders estimated a funding gap of Rs 8,500 crore (including proposed repayment of aircraft debt of Rs 1,700 crore) to be met by appropriate mix of equity infusion, debt restructuring, sale and lease back of aircraft, among other things.

Finance Minister Piyush Goyal says the GST Council is working out a mechanism for bringing the real estate sector under GST purview.

According to Arvind Gupta, the ICICI Bank-Videocon Group quid pro quo loans whistleblower, SBI's \"financial adventurism will expose public funds to a serious NPA risk\" and, hence, calls for \"serious reconsideration\"

Budget 2019: Though it is an Interim Budget, the government could throw several surprises to please the biggest drivers of the economy, including farmers, middle class, and corporate sector.

A major setback for the developers is that the end-users search for finished inventory as they don't want their investment to get stuck, resulting in the slow velocity of sales.

The All India Bank Employees Association and Bank Employees Federation of India has informed the Indian Banks' Association of the two-day nationwide strike on January 8-9, 2019, IDBI Bank said in a filing.