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Total 51 results found. Search for [ prompt corrective action plan ]

Results 1 to 21 of 51
Mudit Kapoor
New Delhi, November 2, 2018
Till now 12 banks are under the purview of PCA framework. 11 are public sector banks (PSB) and one is a private bank. Seven out of 12 banks have shown improvement after coming under the RBI's PCA list.


Anilesh S Mahajan
October 30, 2018
The presence of S. Gurumurthy and Satish Marathe in its central board may not be sitting well with RBI.


Anand Adhikari
New Delhi, October 15, 2018
The government has brought in a new board to rescue crisis-ridden IL&FS. What can it do quickly to prevent further damage?


Prosenjit Datta
New Delhi, October 3, 2018
The blame game has already started with some of the independent directors who have been superseded by the government appointed directors saying that they had tried to ensure an orderly asset sell-off to manage the crisis, but nominee directors had blocked it.


Anand Adhikari
New Delhi, October 2, 2018
India's fifth largest bank was well on track for a complete transformation with new professional management when a government announcement changed its entire game plan.


PTI
New Delhi, September 26, 2018
The finance minister on Tuesday committed capital support to banks after meeting heads of public sector lenders.


Anand Adhikari
September 18, 2018
The BJP-led NDA government probably had the right intention when they knocked on the doors of Ravi Venkatesan, former chairman of Microsoft India and P S Jayakumar, an ex-citibanker turned entrepreneur, for helping them in conducting an experiment of sorts with Bank of Baroda.


BusinessToday.In
September 18, 2018
The stock closed 17.04% or 23 points lower on the NSE.  On the BSE, the stock closed 16.03%  or 21 points lower at 113 level. The market capitalisation of the stock fell by Rs 5,727 crore to Rs 30,013 crore on the BSE.


BusinessToday.In
September 18, 2018
Dena Bank was on RBI's Prompt Corrective Action (PCA) list and other two banks have the strength to subsume a weaker bank, Finance Minister Arun Jaitley said on Monday. 


BusinessToday.In
September 17, 2018
The merged entity or amalgamated bank would be India's third largest.


BusinessToday.In
New Delhi, September 11, 2018
The bank was able to recover around Rs 8,445 crore in the April-June quarter alone, which is over 23 per cent of all recoveries made during the period. PNB recovered around Rs 5,618 crore in FY18 and Rs 5,643 crore the previous year.


BusinessToday.In
New Delhi, September 7, 2018
\"We will look at their (LIC's) business plan (post acquisition of 51 per cent stake in IDBI Bank) and then decide on reduction of its stake in IDBI Bank (to 15 per cent),\" says IRDAI Chairman SC Khuntia


PTI
New Delhi, September 3, 2018
RBI Governor Urjit Patel decided to follow \"wisdom of an owl\" as he went on to conduct the \"deep surgery\" initiated by his predecessor Raghuram Rajan to clamp down on loan defaulters.


Anand Adhikari
New Delhi, August 6, 2018
It has not given bankers the realisations they had hoped for. Now the government has unveiled a new approach even while they are modifying the act.


BusinessToday.In
New Delhi, August 1, 2018
The approval of the deal makes LIC a majority holder in the bank. As per the proposal, IDBI Bank will issue preferential shares to LIC to raise money.


Mail Today Bureau
July 17, 2018
The next step for LIC is to approach market regulator Sebi, as the bank, which is also state-owned, is a listed entity. Insurance regulator IRDAI has already given its approval to the insurer for the stake purchase.


BusinessToday.In
New Delhi, July 16, 2018
Department of Economic Affairs Secretary Subhash Chandra Garg said that since the combined shareholding of both the government and LIC would be over 90 per cent, and that public shareholding is too low, an open offer might not be on the cards.


BusinessToday.In
July 16, 2018
Last month, the insurance regulator approved LIC's proposal to increase its stake in troubled IDBI Bank from current 10.82 per cent to 51 per cent. Currently, the government holds 81 per cent stake in IDBI Bank.


PTI
New Delhi, July 2, 2018
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.


BusinessToday.In
New Delhi, June 29, 2018
LIC is expected to invest up to Rs 11,000-Rs 13,000 in several tranches in IDBI Bank. The state-owned insurance company will not get management rights on the board of IDBI Bank and must pare its stake in the bank to 15 percent over a period of five to seven years.


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