Iran's rupee reserves in India's UCO and IDBI Bank, the two lenders authorised to facilitate rupee trade, have depleted significantly

High Court in London grants access to around 1.1 million pounds from court-held funds to meet living expenses and legal costs to Embattled liquor tycoon Vijay Mallya

In spite of criticism and Opposition jibes, the Centre commits itself to selling most PSUs; sets ambitious disinvestment target for FY22

The current capital adequacy levels in PSBs do not look too bad, but the current regulatory forbearance post Covid hides the real picture

Stocks to watch today on January 25: RIL, YES Bank, JM Financial, Gland Pharma, JSW Steel, Tata Motors among others are the top stocks to watch out for in Monday's trading session

The audit may be going to analyse the impact of capital infusion in PSBs and how it has been able to improve the financial parameters such as Return on Assets (ROA), Return on Equity (ROE) and rate of growth of advances, sources said

The six large PSBs have just seen consolidation. While the integration of IT infrastructure, people and branches will be a big headache, the market will be looking at synergies and gains

At a virtual hearing before Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs on Friday, both sides deposed retired Indian Supreme Court justices as expert witnesses on Indian law in support of their arguments for and against a bankruptcy order against Mallya in the UK

Following the financial performance review after the first half, sources said, it was found that Punjab & Sind Bank, out of the 12 PSBs, was in need of Rs 5,500 crore to meet the regulatory requirement

Deputy Insolvency and Companies Court Judge Robert Schaffer declined to allow a draw down from the court-held funds of an estimated amount of around 1.5 million pounds, accrued from the sale of Mallya's French luxury property Le Grand Jardin

On the back of resolution and pick up in advances, the bank aims to bring down the gross NPAs below 10 per cent mark by March

Barring media, metal, FMCG and realty, all the other indices closed in red territory. Nifty Pharma, private banking and IT were down around 0.70-0.80% each

India Stock Market Highlights Today: ICICI Bank, followed by Asian Paints, Reliance Industries, PowerGrid, Nestle India and SBI were among the top losers today. On the other hand, Bajaj Finserv, Bajaj Finance, Bharti Airtel, L&T and UltraTech Cement were among the gainers

Stocks to watch today on October 22: HDFC, UltraTech Cement, Bajaj Finserv, Zee Entertainment, RIL among others are the top stocks to watch out for in Thursday's trading session

IBPS Clerk recruitment 2020: The IBPS released the official notification for the Clerk recruitment on September 1 and the application process began on September 2. As per the original notification, this year IBPS Clerk Prelims and Mains exams will fill a total of 2,557 vacancies (revised)

Remaining four public sector banks of Bank of Maharashtra, UCO Bank, Punjab & Sind Bank and Central Bank of India are trading near the face value of Rs 10 per share

Fund infusion would be for meeting regulatory capital requirements if need arises in October-December quarter. Second quarter result will give an idea as to which bank may require regulatory capital and accordingly recapitalisation bonds would be issued to them

The government owns 83-96 per cent stake in these six PSBs, including Bank of India, Central Bank, Bank of Maharashtra, Indian Overseas Bank, Punjab and Sind Bank and UCO Bank, with market value of Rs 58,000 crore as of July 2020

The full court decided that physical hearings would be conducted each day, from September 15 onwards, by one division bench and two single judge benches on rotation

Punjab & Sind Bank, Bank of Maharashtra, UCO Bank and IDBI Bank are four banks in which the government owns majority stakes through direct and indirect holdings