The board of Lakshmi Vilas Bank had approved the merger with IndiaBulls Housing Finance last year. Since then, the bank had received all necessary regulatory approvals, but failed to get the RBI's green signal

Enabling effective monetary transmission would not only increase the credibility of the Central Bank but also help in strengthening the financial structure.

Placing Lakshmi Vilas Bank under the prompt corrective action framework cannot be construed as RBI having made up its mind on the lender's merger proposal with Indiabulls Housing, governor Shaktikanta Das said Friday

Shareholders approved the resolution to raise authorised share capital from Rs 500 crore, divided into 50 crore equity shares of Rs 10 each, to Rs 650 crore, divided into 65 crore equity shares

The RBI has advised the bank on steps that are required to be taken, with progress to be reported monthly to the central bank, Lakshmi Vilas Bank Limited tells the stock exchanges

This fresh support to IDBI Bank will help tackle the financial crisis it is embroiled in. The bank has been in the red for the last 11 quarters.

The PSB universe will now have half a dozen large banks with Rs 10 lakh crore-plus balance sheets, two national banks and four regional banks. But how do the mergers help?

The finance minister last week announced front loading Rs 70,000 crore of capital into PSBs, but state-owned banks need much more capital

The shortage of funds is threatening key sectors of the economy. What the government needs to do to fix it

Finance Minister Nirmala Sitharamans Budget is long on promises but short on ideas about fulfilling them

The Budget will lower to a large extent the liquidity stress in the financial sector

Budget 2019: The bank recapitalisation of Rs 70,000 crore is aimed at bolstering the capital base of the state-owned banks and making sure that the commercial or industrial enterprises do not suffer

The market is expecting some directional measures from the Union Budget 2019 as this will be the first budget of prime minister Narendra Modi-led NDA-2 government

The weak public sector banks have higher non-performing assets (NPAs), falling profitability, and lower capital levels in the books, limiting their capability to extend term deposits.

The fund allocation to PSBs will be crucial to restore the health of the banks which have been grappled with various issues, such as rising bad loans, delays in resolution of large cases under the insolvency and bankruptcy code and liquidity crisis

Allahabad Bank had posted a loss of Rs 8,334 crore in FY19 and a loss of Rs 4,674 crore in 2017-18; on asset front, the bank's gross NPA ratio stood at 17.55 per cent at the end of March 2019, while net NPA was at 5.22 per cent. In 2017-18

The RBI board had got over half a dozen public sector banks out of were allowed to resume their lending activities. An analysis of the financial results of these weak banks raises questions on their lending practices.

Gopal Krishna Agarwal: There is a need to accelerate growth. Poverty - both in urban and rural sectors - is a big challenge for any government

The plunge is due to the asset quality woes plaguing the state-run banks.