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Blood banks in state directed to conduct Zika screening of donors

2 days ago

Jaipur: With 72 cases of Zika already having been reported in the city, there are higher chances of transfusion of infected blood through blood transfusion. Blood banks across the city and adjoining districts have been directed to conduct screening of 72 Zika cases detected in Jaipur; Centre asks stat ... ...

Banks turned wary of NBFCs months before IL&FS defaults

2 days ago

Indian banks seem to have turned wary of nonbanking financial companies (NBFC) months before doubts on their liquidity position began to scare investors. The adjoining chart shows that bank loans to NBFCs fell by ₹6,000 crore during AprilAugust. This IL&FS debt defaults: 'Financ ... ...

Govt may consider advancing recapitalisation programme of public sector banks

3 weeks ago

The Finance Ministry on September 26 said it would “examine” the capital demands raised by public sector banks including Punjab National Bank and Central Bank. “Government is examining demands raised by PSBs for the advancement of recapitalisation ... ...

PSBs for upfront govt capital infusion, relaxation in PCA norms

3 weeks ago

Public sector banks (PSBs) expect recovery of Rs 1.80 lakh crore out of their nonperforming assets (NPAs) in the current financial year, more than double of Rs 74,562 crore recovered in 201718, even as they pitched for relaxation in the RBI's Prompt ... ...

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 ... ...

Opinion Debt market worries for the stock market

3 weeks ago

The financial sector dominated the Indian stock market l ... ...

'SBI not the right candidate to take over more banks'

4 weeks ago

New Delhi: The country's largest lender State Bank of India today said it is not in a position to acquire more banks at the moment as it needs 23 years to see gains from the consolidation effected last year. State Bank of India (SBI) had last year ... ...

Bank of BarodaVijaya BankDena Bank merger credit positive: Moody's

4 weeks ago

The proposed merger of Bank of Baroda, Vijaya Bank and Dena Bank is "credit positive" because the merger would provide scale efficiencies and help improve the quality of corporate governance, rating agency Moody's said. The merged bank would have a ... ...

Yes Bank – RBI acts tough, should investors worry?

4 weeks ago

The RBI's refusal to extend Yes Bank promoterCEO Rana Kapoor's tenure beyond January 2019 despite the bank's stellar financial performance, appears to confirm gloomy chatter about the numbers. Investors need to be cautious about the stock. A stellar ... ...

BoB, Dena, Vijaya Bank to merge; process completion may take 46 months

4 weeks ago

The central government on Monday proposed to create the country's thirdlargest bank by amalgamating Mumbaibased Dena Bank and Bengalurubased Vijaya Bank with much larger Bank of Baroda (BoB) in an allstock deal. The banks' boards are ... ...

Banks to go ahead with power units' resolution plans

1 month ago

Banks have decided to continue with their resolution plans for power plants without seeking any advice from the Reserve Bank of India. The decision follows a favourable legal advice in the interpretation of the Supreme Court's September 11 interim ... ...

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 ... ...

Banks Nec

Blood banks in state directed to conduct Zika screening of donors

Banks turned wary of NBFCs months before IL&FS defaults

Govt may consider advancing recapitalisation programme of public sector banks

PSBs for upfront govt capital infusion, relaxation in PCA norms

Govt starts consultation with states for mergers of regional rural banks

Opinion Debt market worries for the stock market

'SBI not the right candidate to take over more banks'

Bank of BarodaVijaya BankDena Bank merger credit positive: Moody's

Yes Bank – RBI acts tough, should investors worry?

BoB, Dena, Vijaya Bank to merge; process completion may take 46 months

Banks to go ahead with power units' resolution plans

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

USChina trade talks end with no breakthrough as tariffs kick in

MSME worst hit by GST, Demonetisation, says RBI study

US tariffs to stay on Turkey, Qatar offers Ankara aid

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

Turkish lira pulls back from record low, markets rattled

Fraudhit lender PNB plots revival after second straight quarterly loss

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

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

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