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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)

Wilful defaulters owe Rs 92,000 crore to PSU banks

Outstanding loans by wilful defaulters rose to Rs 92,376 crore at the end of financial year 2016-17.

15 Aug 2017 2:58 PM 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 NPAs register a significant growth during Jan-Jun: survey

During January-June, a majority (75 per cent) of the respondent banks have reduced their Marginal Cost of Funds based...

11 Aug 2017 10:01 AM IST

The Enforcement Directorate has carried out massive raids in 50 branches of 10 banks across the nation. (Photo: PTI/Representational)

Consolidation of PSU banks to be initiated post Q1 results

Factors like regional balance, geographical reach, financial burden and smooth transition have to be considered before...

9 Aug 2017 7:01 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI gets more teeth to resolve banks' NPA woes; acts quickly

RBI made substantial changes in the norms and also warned banks of monetary penalty for missing NPA resolution...

6 May 2017 12:50 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

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

How RBI, banks will tackle Rs 6 lakh crore NPAs

Amendments will give RBI powers to directly interven in the issue and instruct banks for speedy redressal.

4 May 2017 4:53 PM IST

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

India to clock 7.1 per cent GDP this year: UN report

Inflation is projected to reach 5.3-5.5 per cent in 2017 and 2018.

2 May 2017 1:16 PM IST

Minister of State for Finance Santosh Kumar Gangwar

RBI to open separate enforcement department on April 3: Gangwar

The RBI has taken various measures to deepen the corporate bond market.

31 March 2017 7:44 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI exempts banks from opening on April 1 on annual closing

Banks remain closed on April 1 every year for their annual closing of accounts.

29 March 2017 2:37 PM 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)

Govt approves second tranche of capital infusion in PSU banks

Government has already announced fund infusion of Rs 22,915 crore, out of the Rs 25,000 crore earmarked for 13 PSBs.

18 March 2017 12:23 PM 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)

Govt may shuffle heads of some PSU banks

Appointments Committee of Union Cabinet headed by Prime Minister will take a final decision on this issue.

18 March 2017 12:15 PM 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)

Need surgery for NPA resolution, says bank officers' union

Govt issued an ordinance which empowers the RBI to ask banks to initiate insolvency proceedings to recover bad loans.

17 May 2017 9:37 AM IST