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Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

Business

RBI decision to extend timeline for banks to meet capital norms...

The RBI board decided to retain the capital adequacy requirement for banks at 9 per cent.

20 Nov 2018 12:08 PM IST

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

Business

RBI governor unlikely to resign, may tweak PCA norms

The government has so far agreed almost all issues relating RBI-government tussle.

14 Nov 2018 10:12 AM IST

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

Business

Govt fixes rates up to 7.68 pc for recap bonds with 6 maturities

A total of Rs 80,000 crore will be infused in state-owned banks through the bonds this year.

31 Jan 2018 4:44 PM IST

$The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)$ Business

Private investment to rise with NPA resolution, PSBs recap

Govt announced a large recapitalisation package of about 1.2 pc of GDP to strengthen balance sheets of PSBs.

29 Jan 2018 3:24 PM IST

Centre could look at creating a scaffolding by distancing itself from management of banks through the creation of a Bank Holding Company which could assume the entire government stake in banks.

Business

PSU banks identify 41 overseas units for rationalisation

Govt announced that it will infuse an unprecedented Rs 88,139 crore capital in 20 PSBs before March 31.

26 Jan 2018 11:26 AM IST

Fitch, however, expects GDP growth to pick up in the next two years on back of gradual implementation of the structural reform agenda and higher real disposable income. (Photo: File)

Business

Recap to mitigate PSB risks but NPAs to impact performance: Fitch

Decision to front-load around USD 12 bn through recapitalisation bonds would put banks in a slightly better position.

25 Jan 2018 1:14 PM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

India

20 PSU banks to get Rs 88,139 crores in fresh funding

Arun Jaitley said steps need to be taken to ensure that the governance of banks follows the highest standards.

25 Jan 2018 2:51 AM IST

Business

Rs 80,000 crore PSB recap bonds won't impact fiscal deficit: Finance...

Government has pegged the fiscal deficit target at 3.2 per cent of the GDP for the current fiscal.

24 Jan 2018 5:35 PM IST

Business

Govt to infuse over Rs 88,000 crore in 20 public banks

During the current fiscal, ending March 31, SBI will get Rs 8,800 cr capital and Bank of India, Rs 9,232 crore.

24 Jan 2018 5:02 PM IST

The complainant, Ravinder Kumar, has levelled charges of cheating against his fellow policeman, Omveer Singh, a head constable attached to the PCR department. (Representational Image)

Metros

Mom-daughter duo dupes six job aspirants to tune of Rs 38 lakh

The Naupada police said the duo would were promising placements to job seekers in public sector banks.

19 Jan 2018 5:33 AM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

Business

Bonds fall after RBI deputy says banks face high interest rate risk

Benchmark 10-year bond yield was at 7.54 per cent, up 10 basis points on the day.

16 Jan 2018 12:39 PM 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.

Business

Financial bids for all 12 large NPA accounts by month-end: SBI

SBI is the lead banker in 6 out of 12 large NPAs with total outstanding loan of Rs 1.75 lakh crore.

10 Jan 2018 5:46 PM IST