On Tuesday, Finance Minister Arun Jaitley unveiled the road map for strengthening of bad loans-hit public sector banks.
26 Oct 2017 7:39 PM
Quoting former RBI Governor Y V Reddy, Subramanian said the aim must be to shrink or narrow the scope of the unviable banks.
25 Oct 2017 5:05 PM
RBI governor adds later a comprehensive policy would be put in place to address challenges faced by banking sector.
25 Oct 2017 2:47 PM
Investors welcomed the news, sending shares of SBI up as much as 25 per cent to its highest since January 2015.
25 Oct 2017 1:34 PM
Also, Andhra Bank was quoting 14.96 per cent higher, Allahabad Bank 12.70 per cent and Syndicate Bank 12.11 per cent.
25 Oct 2017 12:09 PM
According to SBI report Ecowrap, this recapitalisaiton plan will help government to gear-up lending to MUDRA scheme.
25 Oct 2017 10:59 AM
Earlier the Cabinet had decided to set up an Alternative Mechanism to oversee proposals for expeditious consolidation of
24 Oct 2017 3:41 PM
Banks Board Bureau chief govt may also go for rights issue to inject more money into ailing banking sector.
16 Feb 2017 5:38 PM