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Currency experts have a bullish outlook for the rupee this week.

Govt to infuse Rs 55,250 cr for strengthening banks, push lending

Bank of Baroda will get Rs 7,000 crore, Indian Overseas Bank Rs 3,800 crore and Central Bank of India Rs 3,300 crore.

31 Aug 2019 12:34 PM IST

Finance ministry said that the domestic investment of the private sector continued to be affected by the growing contamination of loans advanced in the past, which have now become unsustainable.

Home, auto, other retail loans to become cheaper: Sitharaman

The move will also lead to cheaper working capital loans for industry.

24 Aug 2019 12:48 PM IST

Analysts hold a positive view on banks that are getting out of the corporate NPL cycle as compared to banks that focused more on the retail cycle in the past few years.

Rs 3 tln of capital infusion only helped PSBs trim losses, not drive...

The capital infused was largely consumed to tide over losses resulting from provisions required on non-performing...

9 Aug 2019 9:14 AM IST

In December last year, Canara Bank had said it proposes to bring down stake in its housing finance subsidiary CanFin Homes to 30 per cent.

Canara Bank board to meet next week to consider Rs 9,000-cr capital...

Meeting of board of directors of the bank is scheduled to be held on September 13, 2019.

4 Sept 2019 1:09 PM 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

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

FinMin rejects PNB's Rs 7,000 cr extra capital infusion demand

PNB had received Rs 5,473 crore recap funds last year during the first round of infusion.

4 Jun 2018 9:18 AM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB to seek Rs 5,431 crore capital infusion from govt

The government in July decided to infuse Rs 11,336 crore in five state-owned lenders including PNB.

26 Sept 2018 4:39 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

PNB shareholders approve ESPS scheme; Rs 2,816 cr capital infusion by...

Shareholders also voted to clear the issuance of over 31 cr shares to the govt as part of recapitalisation of PNB by...

18 Sept 2018 5:07 PM IST