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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



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.


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