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Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Opinion
RBI must set a new path for India's troubled banks

The banks had little choice but the concede the growing demands for such write-offs due to political reasons.

19 July 2018 6:26 AM 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
Rs 11,336 crore to be infused in 5 PSU banks

Out of Rs 1.35 lakh crore, the govt already infused about Rs 71,000 crore through recap bonds in banks.

18 July 2018 9:05 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)Business
LIC unions oppose acquisition of IDBI Bank by insurer

LIC currently holds 11 per cent stake in IDBI bank and its total stressed portfolio is 35.9 per cent of total loans.

10 July 2018 4:17 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.Business
PSU banks plan to raise over Rs 50,000 crore equity capital in FY19

Leading the pack is the Central Bank of India, which has already got shareholders' approval.

8 July 2018 3:11 PM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.Business
PNB invites bids to sell 3 NPA accounts to recover over Rs 136 cr

The process of e-bidding for the sale of these accounts will happen on July 7, 2018.

6 July 2018 2:34 PM IST

RBI Governor C RangarajanBusiness
Not through bonds, only cash, says Rangarajan on banks...

The centre has infused Rs 2 lakh crore as capital into various banks during the past three years.

29 Nov 2019 3:27 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
Diluting govt stake below 50 per cent in PSBs no solution: Unions

Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.

1 Nov 2019 2:26 PM IST

Following a disciplined financial approach would not only help inavailing loan, it can also help manage expenses better. (Representational image)Business
Public sector banks disburse Rs 4.91 lakh cr loan during Oct-Nov

Banks disbursed Rs 2.52 lakh crore of loans in October and Rs 2.39 lakh crore in November.

3 Dec 2019 7:40 PM IST

Piyush GoyalBusiness
Goyal asks PSBs to step up lending to MSMEs, farmers

Govt-RBI-bankers meet discusses ways to boost loan recoveries, credit disbursal.

29 Jan 2019 10:53 AM IST

Shaktikanta DasBusiness
RBI Governor meets PSU banks' CEOs, conveys regulator's expectations

RBI is scheduled to announce its sixth bi-monthly monetary policy for 2018-19 on February 7.

28 Jan 2019 1:24 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)Business
Govt keen to pare stake in banks to 52 per cent, but capital infusion...

State Bank of India has already initiated steps for a Rs 20,000-crore share sale through qualified institutional...

15 Jan 2019 2:14 PM IST

I am asking these questions as his misadventure is impairing national interest and I hope Rahul Gandhi and the Congress party would respond immediately, Finance Minister Arun Jaitley wrote on Facebook. (Photo: ANI)Business
No job losses due to merger of public sector banks: Arun Jaitley

PAC is initiated against banks that have high levels of non-performing assets (NPAs).

4 Jan 2019 2:11 PM IST

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