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Industry chambers CII and Assocham on Sunday asked the government that the PNB fraud should not hinder bank loans to businesses which were showing signs of revival after being hit by demonetisation and GST.

Over 55,000 loans provided under Stand-Up India Scheme

Banks extendSUPI loan to commercially viable proposals as per bank's board approved policy in this regard.

14 March 2018 12:00 PM IST

SBI is Indias largest public sector lender. (Photo: PTI)

SBI slashes non-maintenance charges of minimum balance by 75 per cent

The above revision will benefit 25 crore bank customers.

13 March 2018 1:25 PM IST

Farzana Jan, president of the Alliance, has become the first transgender person in the Khyber Pakhtunkhaw province to be issued a passport encompassing the third gender category. (Photo: Representational/Pixabay)

Collect passport details of all big borrowers within 45 days: FinMin...

Passport details will help banks to take timely action and inform the relevant authorities to prevent fraudsters from...

6 March 2018 9:21 PM IST

The finance ministry has asked banks to be vigilant to ensure that wilful defaulters are prevented from buying same stressed assets again. (Photo: PTI)

Bank workers at it again: Second nation-wide strike within a week

The unions are claiming that the merger is not in the interest of banks or their customers and will in fact be...

26 Dec 2018 10:04 AM IST

In the past week, in all likelihood, the central banks of India and Indonesia pumped in billions of dollars to support their respective currencies with the Indian Rupee touching record lows against the US dollar and the Rupiah reaching its lowest level since the Asian financial crisis of 1998. (Photo: AFP)

Rs 83,000 crore banks recap exercise to start next week

The infusion is also expected to help four-to-five banks to pull out from the PCA framework and also help loan growth.

25 Dec 2018 10:25 AM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Bank strike continues for 2nd day in Maharashtra

Two-day nation-wide bank strike might impact Rs 20,000 crore worth of customer transactions.

31 May 2018 11:33 AM IST

Security is ensured by the unique property that quantum correlations can only be shared between the devices that created them, ensuring no hacker can learn the key.(credit : Pixabay)

ESDS unveils MTvScan 2.0 for Indian Banks and corporate websites

In partnership with Hitachi Systems Micro Clinic, ESDS has unveiled a web security scanner designed to prevent...

29 May 2018 1:05 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Keep more capital buffer for your own interest: RBI ED to banks

Banks with capital will get going and those without it will be punished by the ecosystem.

7 Dec 2018 12:22 PM IST

Finance Ministry

PCA: Finance Ministry to review steps taken by banks

Under the PCA, banks face restrictions on distributing dividends and remitting profits.

17 May 2018 9:13 AM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

Banks to opt for liquidation if bid prices are low: SBI

The first set of 12 large corporate defaulters identified by the central bank in June last year.

8 May 2018 8:59 AM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

FinMin asks RBI to help ease industry troubles post LoU ban

Letters of credit and bank guarantees will continue upon meeting certain conditions.

30 March 2018 9:35 AM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

Banks anticipate tough Q4 as RBI tightens NPA norms

State Bank of India and PNB has deposited significantly lower advance tax during the quarter.

28 March 2018 3:50 PM IST