New jobs rise to 11-month high of 9.51 lakh in JulyNew job creations in July rose to an 11-month high of 9.51 lakh, taking the total tally of new enrolments to 61.81 lakh since September 2017, according to the EPFO's payroll data. Job addition numbers, which are based on new members enrolled in various social security schemes of EPFO such as pension, PF and insurance, were 9,51,423 in July -- the highest in any month since September 2017 when the retirement fund body started rel...

Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use UCO Bank or IDBI Bank to route oil payments to Iran.

Out of the 10 appointments, 5 are from the country's biggest lender, State Bank of India.

The online exam (preliminary and main) is tentatively scheduled in December 2018 and January 2019. The shortlisted candidates will be provisionally allotted any of the 19 banks.

As many as 23 banks, public and private alike, may face penalties with retrospective effect if they are unable to ensure eight Aadhaar enrolments or updations per branch per day from November

Even after seeing his business turn upside down and the Indian authorities desperately pushing for his extradition, Mallya's London home has all the worldly luxurious things one can imagine, one of which is a golden toilet.

The Department of Financial Services (DFS) had asked the state-owned banks to examine their collective 216 overseas operations to enhance cost-efficiencies.

Sukanya Samriddhi scheme was launched in 2015. Till November 2017, more than 1.26 crore accounts were opened across the country securing an amount of Rs 19,183 crore.

The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London. It permits the officer and his agents entry to Ladywalk and Bramble Lodge in Tewin, Welwyn, where Mallya is currently based.

The committee favours banks and overseas investors funding for the bad bank. The proposed 'bad bank' should also appoint experts from outside to tackle the stressed assets issue, suggests the panel.

Last week, the Insurance Regulatory and Development Authority of India permitted LIC to acquire up to 51 per cent stake in IDBI Bank. If the deal goes through, the bank will get a much-needed capital support as it is grappling with mounting non-performing assets.

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.

Painting a gloomy picture of the banking sector, the RBI today said Gross NPA ratio of banks is likely to rise from 11.6 per cent in March 2018 to 12.2 per cent by the end of the current fiscal.

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...

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.

The ED has said that Mallya is liable for three to seven years of rigorous imprisonment and up to Rs five lakh in fines for cheating over Rs 9,990 crore and laundering the proceeds of crime.

The court's assessment of costs is a separate process, which ends with another court hearing before a specialist costs judge in the UK. But in the meantime, Mallya must pay 200,000 pounds towards this legal costs liability.

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.