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Total 3977 results found. Search for [ Public sector banks in india ]

Results 1 to 21 of 3977
BusinessToday.In
June 20, 2021
The depositors are also likely to seek merger of PMC Bank with any of the running public or private sector bank for a quick resolution.


BusinessToday.In
June 19, 2021
SBI customers will not be able to avail internet banking and UPI services and YONO and YONO Lite apps will also not be operational during this period


PTI
June 15, 2021
On the 14th page of the 86-page NCLT order by HP Chaturvedi and Ravikumar Duraisamy, it says DHFL no longer is a deposit taking NBFC but a non-deposit taking one


PTI
June 12, 2021
BEML, formerly Bharat Earth Movers, was established in May 1964 as a Public Sector Undertaking for manufacturing rail coaches and spare parts and mining equipment at its Bangalore complex


PTI
June 12, 2021
The government's continued support to drive adoption of EVs, with a keen focus on locally built electric two-wheelers will make India the manufacturing hub of EVs, said Ather Energy CEO and Co-founder Tarun Mehta


BusinessToday.In
June 10, 2021
The Gautam Adani-led group will likely raise $500 million through a private placement of shares in Adani Airports Holdings prior to an eventual IPO


Anand Adhikari
New Delhi, June 8, 2021
The second covid wave has already impacted the pace of economic recovery as seen from the GDP downgrades by the Reserve Bank of India, global rating agencies, and other global institutions. Given the widening fiscal deficit and higher public debt, there is now a threat of a sovereign rating downgrade if another Covid wave hits the economy. The risk of a downgrade comes from a slowing growth momentum, widening fiscal deficit, higher inflationary pressure, and a stressed banking sector. The RBI's ability to pump in another liquidity bonanza like 8 per cent of GDP in the first pandemic year 20-21 is also not possible. The current fiscal deficit at 9.3 per cent of GDP for 20-21 is one of the highest in recent decades. The banking sector has entered the crisis with 8 per cent gross NPAs Post the second wave, the real stress in banks, NBFCs, and other entities are hidden because of regulatory forbearances especially loan moratorium, govt guarantees, and one-time loan restructuring. There is a lot on the government's shoulders to avoid a rating downgrade as it would have serious implications.Also Read: World Bank cuts India's FY22 GDP growth forecast to 8.3% from 11.2%


BusinessToday.In
June 7, 2021
Finance Minister Nirmala Sitharaman, in her Budget speech, had announced privatising two public sector banks (PSBs) and one general insurance company in 2021-22.


Raj Chengappa|Rajeev Dubey
June 6, 2021
In an exclusive interview with India Today Group Editorial Director Raj Chengappa and Business Today Editor Rajeev Dubey, Union Finance Minister Nirmala Sitharaman said the scale and intensity of the second wave are sharply different from the first one


PTI
June 5, 2021
NARCL is being formed by all the banks whereupon some of the NPA advances will be transferred to that ARC for recovery...NARCL is constituted to be promoted by 51 per cent share from the public sector space. said PNB Managing Director S S Mallikarjuna Rao


BusinessToday.In
June 4, 2021
The RBI, on May 31, said that its 2018 circular was no longer valid and barred banks from citing it. \"Such references to the above circular by banks or regulated entities are not in order as this circular was set aside by the Hon'ble Supreme Court on March 04, 2020,\" it said


PTI
June 3, 2021
Niti Aayog has been entrusted with the task of selection of names of two public sector banks and one general insurance company for the privatisation as announced in the Budget 2021-22


BusinessToday.In
June 2, 2021
The public sector bank informed its customers that if they have not linked their PAN with their Aadhaar till June 30, their PAN card will be rendered inoperative and cannot be used for online transactions


BusinessToday.In
June 1, 2021
Moody's said India's economy will rebound in financial year 2021-22, after contracting in FY21, and grow by 9.3 per cent.


BusinessToday.In
May 31, 2021
Such references to the circular by banks or regulated entities are not in order as this circular was set aside by Supreme Court on March 04, 2020, says RBI


Anand Adhikari
New Delhi, May 31, 2021
The Reserve Bank of India (RBI) has been quite supportive post-Covid as it pumped in over Rs 15 lakh crore of liquidity, which was 8 per cent of the GDP. Undoubtedly, the surplus liquidity has helped the corporate sector and banks as they got low-cost funds and also enjoyed the benefits of moratoriums and loan restructuring. The low-interest rates also supported the government in raising huge market borrowings at the lowest cost in the last two decades. But these liquidity operations do entail some costs to the RBI. What surprised many the Rs 1 lakh crore dividend paid by the RBI to the government out of its surpluses in 2020-21. The financial year was of only nine months (July-March) as the central bank changed its accounting year from July-June to April-March. The RBI's annual account shows a net interest outgo of Rs 17,000 crore in liquidity adjustment facility (LAF) operations which include repo, reverse repo, and open market operations. The liquidity in the system also increased by way of RBI's foreign exchange buying operations. Today, the foreign exchange reserves cover the country's 18 months of imports, which is very high. These reserves are low-yielding. In a pandemic year, the RBI has also decided to keep the contingency risk buffer at a lower level of 5.5 per cent of its balance sheet against a higher band of 6.5 per cent. There are experts who suggest that RBI doesn't need a strong balance sheet as government banking exists if there is a crisis. But the bigger question is of central bank independence and the public trusts in the institution.Also Read: Deadline for filing monthly GST sales returns extended to June 26


PTI
May 30, 2021
Taking cognisance of the prevailing situation, the RBI announced Resolution Framework 2.0 under which individuals and small businesses having exposure up to Rs 25 crore can opt for loan restructuring if they had not availed the earlier scheme


BusinessToday.In
May 28, 2021
SBI said that due to the resurgence in COVID-19 cases, KYC will be updated on the basis of documents received via post or registered email


PTI
May 27, 2021
In value terms, the share of Rs 500 and Rs 2,000 banknotes together accounted for 85.7 per cent of the total value of banknotes in circulation as on March 31, 2021, as against 83.4 per cent as on March 31, 2020


Anand Adhikari
May 27, 2021
While public sector banks, saddled with asset quality issues and merger integration process, continue to lose market share in corporate banking, private sector banks continue to grow their loan book


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