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PTI
June 9, 2018



PTI
June 8, 2018



PTI
June 8, 2018



BusinessToday.In
New Delhi, June 5, 2018
As per the RBI Act, the central bank should have four deputy governors - two from within the ranks and one commercial banker and an economist to head the monetary policy department. Other serving Deputy Governors are Viral V Acharya, NS Vishwanathan and BP Kanungo.


BusinessToday.In
June 4, 2018
Except Bank of Baroda, all three banks - IDBI Bank Ltd, Oriental Bank of Commerce and Central Bank of India - are under the RBI's Prompt Corrective Action (PCA) framework. The framework is a mechanism to maintain sound financial health of the banks.


PTI
June 1, 2018



BusinessToday.In
May 31, 2018
Banking services took a hit on the second consecutive day of the nationwide bank strike which was called by employees' unions of state-run banks.


BusinessToday.In
May 31, 2018
All the 38 listed banks accounted for gross NPAs totalling over Rs 10.17 lakh crore in the quarter ended March.


BusinessToday.in
May 30, 2018
Given that the public sector banks alone control 75 per cent of the total business in the country, the public is sure to face some inconvenience till the strike ends, or is called off.


Anand Adhikari
New Delhi, May 28, 2018
The RBI's move to clean up bank balance sheets has made close to half a dozen banks nearly dysfunctional. There is little hope of their recovery in the near term.


Anand Adhikari
New Delhi, May 28, 2018
Public sector banks have a lot of catching up to do to engage with fintech players.


Anand Adhikari
New Delhi, May 28, 2018
Banks are joining hands with fintech companies to provide new services to customers.


BusinessToday.In
May 28, 2018
To begin with, the 21 public sector banks (PSBs) together took a hit of whopping Rs 25,775 crore from bank frauds in the last financial year. PNB had incurred the highest loss of Rs 6461.13 crore due to different cases of fraud followed by State Bank of India's loss of Rs 2,224.86 crore.


BusinessToday.In
May 25, 2018
The employees of public sector banks will go on a two-day strike from May 30-31 to protest a 'meagre' 2 per cent wage hike offered by the Indian Banks' Association (IBA).


BusinessToday.In
New Delhi, May 24, 2018
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. 


PTI
May 23, 2018



BusinessToday.in
New Delhi, May 18, 2018
New finance minister Piyush Goyal has reiterated that the government is committed to strengthen public sector banks under the PCA mechanism. Crude has breached yet another psychological mark of $80 per barrel. As a result, India's oil import bill has shot up more than 25 pc to over $109 billion in 2017-18 and Harvard economist Carmen Reinhart has shocked the world economists by claiming the world economy is in worse shape today than what it was during the 2008 financial crisis or recession. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


BusinessToday.in
New Delhi, May 18, 2018
Trump attacks China over US trade deficit  US President Donald Trump today hit out at China for \"fleecing\" his country with hundreds of billions of dollars every year, even as high-level delegations from the two countries were holding intense negotiations in Washington over a series of trade disputes between them.\"China has taken our hundreds of billions of dollars a year from the United States. And I explained to (Chinese) President Xi (Jinping), we can't do that anymor...


Mail Today Bureau
May 18, 2018
Finance Minister Piyush Goyal on Thursday assured all possible help from the government to strengthen the 11 public sector banks that have been placed under the RBI's 'Prompt Corrective Action' framework to check their deteriorating financial health.


BusinessToday.In
May 17, 2018
While Goyal's tenure as the Finance Minister is going to be ephemeral, the former chartered accountant turned investment banker has already set the ball rolling to improve the financial health of country's public sector banks.


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