Govt starts consultation with states for mergers of regional rural banks

3 weeks ago
Mumbai: The government has also initiated consolidation of regional rural banks along with the public sector lenders and intends to bring down their number to 36 from the existing 56. In this regard, the Centre has begun consultations with states as ... ...

Met Finance Minister before I left India, says Vijay Mallya outside UK court

1 month ago
Embattled businessman Vijay Mallya told reporters outside London's Westminster Magistrates' Court that he met Finance Minister Arun Jaitley before leaving the country and offered to settle his dues with the Indian banks. The London court was hearing Met 'Jaitley ... ...

USChina trade talks end with no breakthrough as tariffs kick in

2 months ago
By David Lawder and Michael Martina. WASHINGTON/BEIJING () U.S. and Chinese officials ended two days of talks on Thursday with no major breakthrough as their trade war escalated with activation of another round of duelling tariffs on $16 ... ...

MSME worst hit by GST, Demonetisation, says RBI study

2 months ago
A recent study by the Reserve Bank of India (RBI) has noted that the Micro, Small and Medium Enterprises (MSMEs) have been adversely hit by the Goods and Services Tax (GST) rollout and Demonetisation, which had a significant impact on the overall  ... ...

US tariffs to stay on Turkey, Qatar offers Ankara aid

2 months ago
By Daren Butler, Humeyra Pamuk and Jeff Mason. ISTANBUL/WASHINGTON () The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as Qatar pledged  ... ...

Qatar to aid Turkey, currency rallies but US says tariffs to stay

2 months ago
By Daren Butler, Humeyra Pamuk and Jeff Mason. ISTANBUL/WASHINGTON () The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as Qatar pledged  ... ...

Turkish lira pulls back from record low, markets rattled

2 months ago
By Daren Butler. ISTANBUL () Turkey's lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity and cut reserve requirements for Turkish banks, but its meltdown continued to rattle Turkish l ... ...

Fraudhit lender PNB plots revival after second straight quarterly loss

2 months ago
By Devidutta Tripathy and Chris Thomas. BENGALURU/NEW DELHI () India's Punjab National Bank reported a second straight quarterly loss on Tuesday as it earmarked more funds to cover a massive fraud, but expects faster bad loan recovery to  ... ...

Banks collect Rs 5000cr from customers in FY18 for breaching min balance

2 months ago
As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for nonmaintenance of minimum balance in their accounts in 201718, according to banking data. India's largest lender State ... ...

Banks collect Rs 5000 crore as minimum balance penalty in FY 201718

2 months ago
As many as 21 public sector banks (PSBs) and three major private sector lenders have collected a whopping Rs 5,000 crore from customers for nonmaintenance of minimum balance in their accounts in 201718. Among the PSBs, the State Bank of India  ... ...

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