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RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

RBI seeks more powers to ably regulate PSBs

The total NPAs of all banks (including private) were Rs 8.99 lakh crore.

13 Jun 2018 8:41 AM IST

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

Indian banks take about Rs 70,000 cr hit due to frauds in last 3...

As per RBI data, there were 139 borrowers with aggregate gross NPAs of more than Rs 1,000 crore.

7 Aug 2018 4:06 PM IST

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

PNB posts Rs 940 crore loss in Q1

Total income of the bank rose to Rs 15,072 crore from Rs 14,468.14 crore in the year-ago period.

7 Aug 2018 1:20 PM IST

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

RBI puts 200 stressed account under scanner

This exercise comes at a time when gross NPAs in the banking system has risen to around Rs 10.3 lakh crore.

15 Aug 2018 4:04 PM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Sebi plans to stipulate framework for timely disclosure of loan...

Move would help investors take an informed decision at the earliest in cases of loan defaults by listed companies.

15 Aug 2018 1:49 PM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Finmin asks PSU bank CEOs to check frauds in NPAs or face penal action

SFIO is also looking into the books of companies which are currently undergoing debt resolution.

22 Aug 2018 5:32 PM IST

Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed on Tuesday.

Recap set to give banks capital relief, but stress to remain

Govt plans to provide Rs 65,000 cr of new capital for public sector banks in the year ending March 2019.

22 Aug 2018 10:21 AM IST

Shiv Sena and MNS have always stressed on the of use Marathi as a official language in all central government offices, nationalised banks, railways, airport, etc.

Banks set to come out of PCA framework this year

As many as 11 out of 21 banks are under the watch list of the Reserve Bank of India (RBI).

17 Aug 2018 8:54 AM IST

Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asias third-biggest economy.

Large banks may absorb weak ones under RBI lens

Of 21 PSBs, 11 are under prompt corrective action framework of the Reserve Bank of India.

31 Aug 2018 8:53 AM IST

A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

PNB eyes IBC route for Rs 6,000 crore power NPA recovery

PNB will go for the NCLT route of recovery rather than debt restructuring with companies.

29 Aug 2018 9:22 AM IST

State-owned power equipment maker BHEL said today that it has bagged an order for Rs 4,400 crore to set up a 660 MW supercritical thermal power plant in Uttar Pradesh.

Banks draw list of 11 power projects for NPA resolution

Total exposure in these firms that will soon go to NCLT is Rs 60,000 crore.

7 Sept 2018 8:57 AM IST

Railway Minister Piyush Goyal.

UPA govt gave loans blindly, weakened banking sector: Piyush Goyal

The bank losses increased from Rs 18,000 crore to Rs 53,000 crore in UPA years, Piyush Goyal alleged.

13 Sept 2018 11:54 AM IST