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PTI
New Delhi, December 11, 2014
Pitching for consolidation in the banking sector, State Bank of India Chairperson Arundhati Bhattacharya said that it was important to have three-four major banks.


PTI
New Delhi, December 11, 2014
Coal and Power Minister Piyush Goyal said the government was working on an arrangement under which coal blocks will supply fuel to the nearest power plants.


PTI
New Delhi, December 11, 2014
\"The quantum of capital support needed by banks is huge, which cannot be funded by budgetary support alone,\" an official statement said, detailing the decision taken by the Cabinet, headed by Prime Minister Narendra Modi, to allow PSBs to raise equity capital from market.


PTI
New Delhi, December 9, 2014
At present, investment in private category bonds has not been more than 4% of the total allotted 10%, mainly due to very restrictive guidelines.


PTI
Mumbai, December 5, 2014
For deposits of five years and above, the rate has been reduced to 8.25 per cent as against the earlier 8.50 per cent, SBI said in a filing to the bourses.


S.P.S. Pannu
New Delhi, December 4, 2014
The smart city scheme as of now envisages only a \"viability gap funding\" from the government side, which is expected to be a small portion of the total investment and may not be a sufficient attraction.


PTI
Mumbai, December 2, 2014
A few analysts said that the spike in UB group stocks could be like a 'dead cat bounce', which speculators might use to exit from their long-held positions.


PTI
New Delhi, December 2, 2014
With an aim to help public sector banks raise capital, the government is considering to reduce its stake up to 52% in these banks, Finance Minister Arun Jaitely said.


PTI
New Delhi, December 2, 2014
A total of 81 companies have been probed for corporate frauds by SFIO since 2011-12. SFIO investigated 22 firms each in 2012-13 and 2013-14 for alleged frauds.


PTI
New Delhi, December 1, 2014
In case of 42 coal blocks (37 producing and five likely to come under production), cancellation shall take effect from March 31, 2015.


PTI
New Delhi, November 29, 2014
At the moment, auditors are being appointed by a panel headed by Additional Secretary of Department of Financial Services, Indian Banks' Association Chairman and representative of  CAG.


Manoj Kumar
New Delhi, November 29, 2014
India's economy lost momentum in the first three months of Prime Minister Narendra Modi's government, amplifying industry calls for faster and deeper economic reform.


Mail Today Bureau
New Delhi, November 29, 2014
Given the drop in growth rate, low oil prices and declining inflation, Union Finance Minister Arun Jaitley is expected to push for an interest rate cut by the Reserve Bank of India.


PTI
New Delhi, November 28, 2014
The gross NPAs of state-run lenders stood at 4.72 per cent of total advances at the end of March 2014.


Manoj Kumar
November 28, 2014
The state-run lenders are estimated to need as much as $60 billion in capital over the next four years to meet upcoming global regulations and to build a buffer against rising bad loans.


Manoj Kumar
New Delhi, November 28, 2014
Officials in the finance ministry say the federal cabinet headed by Prime Minister Narendra Modi is expected to take a final decision on the issue of stake sale soon.


Anand Adhikari
December 3, 2014
There are expectations from the new government under Prime Minister Narendra Modi that bank consolidation will gather steam.


Team Money Today
November 26, 2014
The re-launched KVP offers 8.67% interest and will double the principal during its maturity period of 100 months.


Devidutta Tripathy and Tripti Kalro
Mumbai, November 26, 2014
With their asset-quality deteriorating and credit demand slackening due to a sluggish economy, the state banks are having tough time to raise capital.


PTI
New Delhi, November 25, 2014
The Supreme Court had in September cancelled allocation of 204 coal mines since 1993 to power plants and other user industries after finding their allotment irregular.


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