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As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

India should prioritise public banking sector reforms: IMF

Current account deficit should remain modest, financed by robust foreign direct investment inflows.

13 Oct 2017 8:30 PM IST

Vinod Rai said public sector banks still have a role specially in the creation of infrastructure in the country.

PSBs have a role, needed to push infra growth: Vinod Rai

Vinod Rai said public sector banks still have a role specially in the creation of infrastructure in the country.

1 April 2018 11:41 AM IST

Shares of Bank of Baroda was trading 0.25 per cent up at Rs 138.95 on BSE.

Bank of Baroda net profit up over two-times at Rs 528 crore

The bank had reported a net profit of Rs 203.39 crore in the same quarter of 2017-18.

28 July 2018 2:15 PM IST

Former Prime Minister Manmohan Singh on Thursday said that the government is obsessed with trying to fix blame on its opponents instead of finding solutions. (Photo: Twitter/ ANI)

Govt obsessed with blaming opponent for bank crisis: Manmohan Singh

The statement came as a response to Sitharaman's remark blaming Singh and Raghuram Rajan for the bank crisis.

17 Oct 2019 2:47 PM IST

The initiative will enhance the financial performance of the commercial banks, and will assist them to cope with RBIs prompt corrective action (PCA) plan. (Photo: Linkedin)

CARE Ratings to government: From where will you get the recap funds...

The union government on Wednesday declared an infusion amount of Rs 48,239 crore for recapitalisation of PSBs.

21 Feb 2019 5:19 PM IST

Total income, however, rose to Rs 5,322.33 crore for the third quarter of 2018-19 as against Rs 5,093.43 crore in same period last year: Andhra Bank.

State-run banks' shares jumped after government announced fund...

The government had in October 2017 said it would infuse a total 2.11 trillion rupees into state-run lenders over two...

21 Feb 2019 1:57 PM IST

Total income, however, rose to Rs 5,322.33 crore for the third quarter of 2018-19 as against Rs 5,093.43 crore in same period last year: Andhra Bank.

Banks expect liquidity to remain tight in Q4: Survey

The liquidity scenario remained in deficit in the third quarter of 2018-19, the survey said.

18 Feb 2019 10:28 AM IST

The upward revision in interest rate on domestic term deposits was for three years to less than five years, five years and above five years. (Photo: Twitter)

Indian Bank revises interest rates on term deposits

The Indian Bank announced upward revision in interest rate on domestic term deposits by 50 bps to 90 bps for amount less...

17 Feb 2019 4:21 PM IST

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.

Probe against dairy firm for duping bank

The firm was sanctioned a term loan of Rs 34.20 crore in 2011 for the Ultra Heat Temperature.

7 May 2018 1:31 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 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

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

Clean Banking is new normal for banks, says Rajiv Kumar

The NPA crisis brought opportunity for introduction of responsible and responsive banking.

19 Aug 2018 10:52 AM IST

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

LIC to buy 14.9 per cent stake in IDBI Bank

Union Cabinet had approved LIC's proposed acquisition of up to 51 per cent stake in debt-ridden IDBI Bank.

28 Aug 2018 7:10 PM IST