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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.


BusinessToday.In
June 9, 2018
Finance Minister Piyush Goyal on Friday said that the committee will make recommendations on setting up of an asset reconstruction or asset management company for faster resolution of stressed accounts, and most of the stressed assets have been identified that could fit into the ARC or AMC structure.


PTI
June 4, 2018



BusinessToday.In
New Delhi, June 4, 2018
The MPC (Monetary Policy Committee) of RBI is holding a meeting to decide its policy on key rates. Instead of the usual two day affair, this time the MPC headed by the RBI governor Urijit Patel is meeting for three days (June 4-6).


PTI
June 4, 2018



PTI
New Delhi, June 3, 2018
As per a Lok Sabha bulletin, the panel will be briefed on the issue of rising NPAs and other matters related to banks. Members of the panel said there will also be discussion on the recent frauds in the banks.


PTI
May 31, 2018



PTI
May 30, 2018



Vivek Paul
New Delhi, May 28, 2018
The recent build-up of retail bad loans could be a sign of trouble ahead.


B.S. Srinivasalu Reddy
New Delhi, May 28, 2018
Banks need to do a lot of work to secure their systems and customer data.


BusinessToday.In
May 28, 2018
To begin with, the 21 public sector banks (PSBs) together took a hit of whopping Rs 25,775 crore from bank frauds in the last financial year. PNB had incurred the highest loss of Rs 6461.13 crore due to different cases of fraud followed by State Bank of India's loss of Rs 2,224.86 crore.


BusinessToday.In
May 22, 2018
The CBI has claimed that former MD and CEO of the Punjab National Bank Usha Ananthasubramanian was aware of the fraudulent transactions worth Rs 14,000 crore involving diamond merchant Nirav Modi. Ananthasubramanian headed the PNB from August 2015 to May 2017.


BusinessToday.In
May 17, 2018
While Goyal's tenure as the Finance Minister is going to be ephemeral, the former chartered accountant turned investment banker has already set the ball rolling to improve the financial health of country's public sector banks.


PTI
May 14, 2018



PTI
May 11, 2018



PTI
May 8, 2018



BusinessToday.In
New Delhi, May 2, 2018
An RTI query to the RBI has revealed that over 23,000 cases of fraud were reported in the past five years, involving a whopping Rs 1 lakh crore.


PTI
April 29, 2018
The Reserve Bank expects India's economic growth rate to strengthen to 7.4 per cent in the current fiscal from 6.6 per cent in 2017-18, on account of revival in investment activity.


PTI
April 29, 2018



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