The bank's asset quality also improved during the quarter. Gross non-performing assets ratio fell from 2.15% in the preceding quarter to 2.07% this quarter.

These forced loans on banks not only put a burden on the lenders, but also indirectly impact the government exchequer as the public sector banks will have to be recapitalised with the tax payer's money at some later date.

Syndicate Bank has formed a team of 1,500 people meant for taking up the recovery process, in addition to special branches which took up the task

After Indusind Bank, Bandhan Bank is the second lender in this earnings season to report a hit on the IL&FS exposure.

Lok Sabha passes 10% job quota bill for upper caste poor; also covers private education institutionsThe Lok Sabha has passed a Constitution amendment billthat aims to provide 10 per cent reservation for general category poor. The bill provides reservation in the central as well as educational government jobs, which also includes private higher educational institutions, to those belonging to the economically weaker sections from the upper castes. The bill will now be presented in the Rajya Sab...

The focus should be on reform as the biggest stress remains in agriculture, power and banking.

The tribunal said that the PNB is a public sector bank and the banks are in crisis and no attempt should be made to block loan amount so as to avoid worsening of positions in the commercial market.

The committee headed by former Union Minister M Veerappa Moily also suggested increasing the retirement age of chiefs of public sector banks to 70 years.

The panel tasked the upcoming committee to probe the RBI's regulatory powers to ascertain whether the government or the central bank is capable of preventing bad loans in state-owned banks.

Without such a relief, these MSMEs would have landed at the bankruptcy court.

DBT scheme draft requires states to share burden 70:30, but states are in no mood to bear the burden.

Urjit Patel became first since post economic liberalisation in 1991 to resign as the RBI governor. In independent India, the first governor to resign was Benegal Rama Rau in 1955 during the tenure of the Jawaharlal Nehru government.