To boost job creation, powerup lending, Narendra Modi government to pump in this big amount in PSBs

1 month ago
Helped by balance sheets much cleaned up under Reserve Bank of India (RBI) tutelage, public sector banks (PSBs) will have their capital base bolstered by a substantial Rs 2.11 lakh crore through FY19, the government announced on Tuesday — a move  ... ...

Govt announces Rs2.11 trillion PSU bank recapitalisation plan

1 month ago
Finance minister Arun Jaitley says the government will stick to the 'glide path' for the fiscal deficit and that the impact of the bank recapitalisation bonds on the fiscal position will depend on its legal nature and the issuing agency. Photo: PTI ... ...

Govt okays Rs2.11 trillion PSU bank recapitalisation plan

1 month ago
Finance minister Arun Jaitley says the government will stick to the 'glide path' for the fiscal deficit and that the impact of the bank recapitalisation bonds on the fiscal position will depend on its legal nature and the issuing agency. Photo: PTI ... ...

HDFC Bank net rises 20%

1 month ago
Private sector lender HDFC Bank reported a 20.1% increase in net profit for the quarter ended September 30 to ₹4,151 crore, despite higher provisioning, on the back of higher interest and fee income. Net interest income grew 22% to ₹9,752 crore, driven ... ...

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