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Former RBI governor Raghuram Rajan on Friday said universities need to be safe spaces. (Photo: AP/File)

Heed Rajan's advice to save India's banks

The only conclusion is that banks are still tied to the government's apron strings.

13 Sept 2018 12:32 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)

PSU bank employees go on strike; services hit

The strike has been called by all unions under the aegis of the United Forum of Bank Unions (UFBU).

22 Aug 2017 11:06 AM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

'Govt ready to provide capital support for PSU banks' merger'

State-owned banks are grappling with Rs 6 lakh crore worth of non-performing assets or bad loans.

27 Aug 2017 2:12 PM IST

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

Give more funds to banks to end bad loans crisis: Patel

Patel says extra funds could be raised at market and through govt diluting its stake in state-run banks.

19 Aug 2017 1:14 PM IST

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

PSU banks need Rs 1.9 lakh cr capital by March 2019: S&P

Public sector banks will need substantial capital to make large haircuts on loans to unviable stressed projects.

1 Aug 2017 6:53 PM IST

The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

Govt to meet its fiscal deficit target of 3 pc for FY17

The Ministry of Finance proposes to tax black money unearthed in the future at 75-85 per cent.

29 Nov 2016 2:28 PM IST

Panic among people during the initial days (of demonetisation) had led customers rushing to banks and deposit their money. (Photo: Representational Image/PTI)

7 PSU banks get new heads; MDs of PNB, BoI shifted

Toxic loans of public sector banks rose by over Rs 1 lakh crore to Rs 6.06 lakh crore during April-Dec 2016-17.

6 May 2017 11:26 AM IST

The broad-based NSE Nifty, which hit a low of 8,552.40 intra-day, managed to cut down losses and ended lower 71.45 points, or 0.83 per cent, at 8,561.30.

Nifty down after hitting record high; oil explorers hit

Nifty PSU bank index rose as much 2.35 per cent to its highest since March 4, 2015.

5 May 2017 12:56 PM IST

A man sorts Rs 1,000 and 500 notes at a fuel pump in Ahmadabad. (Photo: AP)

Cash surge may force banks to raise capital

Experts hint smaller PSU banks will struggle to raise the additional capital following recent deposits.

14 Nov 2016 1:16 AM IST

Finance minister Arun Jaitley

Govt gives green signal to PSU bank merger

Finance Minister Arun Jaitley said the government is examining the possibility of consolidating some PSU banks.

6 Jun 2017 10:31 AM IST

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

Another PSB merger likely

FM to meet with PSU banks to discuss ways to solve bad loan problem.

10 Jun 2017 3:56 AM IST

Using earned money of depositors to bail out a bank amounts to gross interference by the government.

Another bid to loot public money

Bank deposits are to be used for productive purposes and not to bail out defaulters.

5 Dec 2017 4:39 AM IST