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P Chidambaram said, privacy was at the core of personal liberty and an inalienable part of life itself. (Photo: PTI)

Chidambaram asks if all is well with economy then why banks' recap?

Former Finance Minister claims Indian economy grew at its best rate of 8.5 per cent from 2004 to 2009, first UPA rule.

28 Oct 2017 11:45 AM GMT

$The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)$ Business

Govt's Rs 2.11 lakh crore-recap plan to tackle NPAs: SBI

On Tuesday, Finance Minister Arun Jaitley unveiled the road map for strengthening of bad loans-hit public sector banks.

26 Oct 2017 2:09 PM GMT

Chief Economic Adviser Arvind Subramanian

Business

CEA bats for mergers in banking sector, says India should have 5-7...

Quoting former RBI Governor Y V Reddy, Subramanian said the aim must be to shrink or narrow the scope of the unviable...

25 Oct 2017 11:35 AM GMT

Finance Minister Arun Jaitley with RBI governor Urjit Patel at an event. (Photo: PTI)

Business

Banks' recap safeguards India's economic future: Patel

RBI governor adds later a comprehensive policy would be put in place to address challenges faced by banking sector.

25 Oct 2017 9:17 AM GMT

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

Business

India's PSU bank recap plan lifts shares, raises questions

Investors welcomed the news, sending shares of SBI up as much as 25 per cent to its highest since January 2015.

25 Oct 2017 8:04 AM GMT

A Broker checks changing share prices at BSE. (Photo: PTI)

Business

Banks' recap: PNB surges 32 per cent, Bank of India 24 and SBI 20 per...

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 6:39 AM GMT

$The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)$ Business

Capital infusion of PSBs to support credit growth, job creation

According to SBI report Ecowrap, this recapitalisaiton plan will help government to gear-up lending to MUDRA scheme.

25 Oct 2017 5:29 AM GMT

Responding to a question, Jaitley said a proposal to extend the decision to public sector undertakings was under active consideration of the government. (Photo: PTI)

Business

Jaitley's 'major announcement' today could mean well for ailing PSU...

Earlier the Cabinet had decided to set up an Alternative Mechanism to oversee proposals for expeditious consolidation of

24 Oct 2017 10:11 AM GMT

Vinod Rai was the 11th Comptroller and Auditor General of India. (Photo: AFP)

Business

Rs 10,000 crore was enough for banks' recap: Vinod Rai

Banks Board Bureau chief govt may also go for rights issue to inject more money into ailing banking sector.

16 Feb 2017 12:08 PM GMT