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BusinessToday.In
New Delhi, June 29, 2018
The proposal, still at a nascent stage, envisages borrowers filling in relevant details online, based on which they will subsequently receive competitive offers from interested lenders.


BusinessToday.In
New Delhi, June 28, 2018
The government is also, at best, lukewarm to the idea of an asset reconstruction company (ARC) to take over the public sector banks' toxic loans as it's not keen on diverting more of taxpayers' money toward their resolution in this manner.


BusinessToday.In
June 28, 2018
State Bank of India (SBI) is in the process of closing down nine branches, said its Managing Director Pravin K. Gupta. India's largest public sector lender operates in about 36 countries with nearly 190 branches.


BusinessToday.In
June 27, 2018
In the RBI's Financial Stability Report, the apex bank said that the Gross NPA (GNPA) ratio of scheduled commercial banks (SCBs) is likely to rise in the current fiscal.


BusinessToday.In
June 25, 2018
The stock was reacting to a media report claiming that Housing Development Finance Corp (HDFC) and Kotak Mahindra Bank are vying for a controlling stake in PNB Housing Finance.


BusinessToday.in
New Delhi, June 25, 2018
Maharashtra plastic ban to cost India Rs 15,000 crore, 3 lakh jobs, claims industry officialA day after the Maharashtra government enforced the ban on a variety of plastic items, the plastic manufacturing industry on Sunday said that the state-wide ban will result in loss of up to Rs 15,000 crore and nearly 3 lakh job. In a statement to PTI, Plastic Bags Manufacturers Association of India General Secretary Neemit Punamiya said that nearly 2,500 members of the association have been...


PTI
June 24, 2018
Top officials of IDBI Bank, UCO Bank, Central Bank of India, Bank of India, Indian Overseas Bank, Dena Bank, Oriental Bank of Commerce, Bank of Maharashtra, United Bank of India, Corporation Bank and Allahabad Bank, will make presentations before the panel and respond to queries on June 26.


BusinessToday.In
June 18, 2018
NCLT's only success stories so far have seen banks taking a significant hair-cut and settling for recovery of Rs 50,000 crore.


BusinessToday.In
New Delhi, June 18, 2018
\"These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates from PSBs towards appointment against vacancies in PSBs for the period 2018-19,\" the BBB said in a statement.


PTI
June 18, 2018
This is the first major exercise undertaken by the BBB, headed by newly appointed chairman B P Sharma, former Secretary, Department of Personnel and Training. Sharma was appointed head of the panel in April after completion of two-year term of former CAG Vinod Rai.


BusinessToday.In
New Delhi, June 15, 2018
Of the total NPA write-offs in 2017-18, India's biggest public sector bank SBI alone wrote-off around 25 per cent of the total bad loans at Rs 40,196 crore.


BusinessToday.In
New Delhi, June 14, 2018
Technically, a bad bank is an Asset Reconstruction Company (ARC). Once it is formed, banks divide its assets into two categories -- one with non-performing assets and other risky liabilities and the other with healthy assets, which help banks grow financially.


BusinessToday.in
New Delhi, June 13, 2018
5G subscription by 2022, 78% to use 4G by 2023 in India: Ericsson  Indian mobile users can expect to access 5G services by 2022 while 4G connections are estimated to soar around four-folds in the country , according to a report released by Ericsson Mobility today. \"We expect 5G smartphone subscriptions to become available by 2022. And by the end of 2023, there will be some 10 million subscriptions on 5G in India,\" Ericsson Mobility Report (EMR) Editor Patrik Cerwall told PT...


BusinessToday.in
New Delhi, June 11, 2018
A debate has broken out over the government's decision to invite even those who have not cleared the Civil Services into the nation's top administrative jobs; a bad bank is a bank to which all the stressed assets are transferred by the banking system so that there can be a focused resolution; China and Sri Lanka are again locked in a dispute after China withheld $585 million to be paid to Sri Lanka for the Hambantota port deal. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


Anand Adhikari
New Delhi, June 11, 2018
The bankruptcy proceedings would force Indian banks to book heavy losses. They are now focussed on mini- mising the damage


BusinessToday.In
June 11, 2018
This year in February, Punjab National Bank informed that it had detected fraudulent transaction of over Rs 11,000 crore - which later turned out to be worth Rs 14,000 crore - at its Brady House branch in Mumbai.


BusinessToday.In
June 11, 2018
Currently, the Central bank has put 11 out of 27 public sector banks or PSBs  - which together account for three-fourth of the banking assets - under the PCA framework. Among the banks that could be put under the RBI's PCA framework are Punjab National Bank, Union Bank of India and Syndicate Bank.


Mail Today Bureau
June 11, 2018
Indian Bank posted the highest profit of Rs 1,259 crore and Vijaya Bank's profit was Rs 727 crore during the fiscal year. After factoring in the profit of these two banks, the net loss piled up by public sector banks works out to around Rs 85,370 crore in 2017-18 compared with a net profit of Rs 473.72 crore in 2016-17.


PTI
New Delhi, June 10, 2018
Out of 21 state-owned banks, only two -- Indian Bank and Vijaya Bank -- posted profits during 2017-18. Indian Bank posted highest profit of Rs 1,258.99 crore and the Vijaya Bank's profit worked out to be Rs 727.02 crore.


PTI
June 10, 2018



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