FM to banks: Take commercial decision without fear or favour
Promising financial autonomy to PSU banks, Finance Minister Arun Jaitley on Wednesday asked heads of public sector lenders to take commercial decisions without fear or favour.
Mar 11, 2015, 19:11 PM IST
India allows seven state-run banks to raise capital from market
India has allowed seven state-run banks to raise capital from market as part of efforts to help them comply with global Basel III banking rules, a finance ministry statement said on Wednesday.
Mar 11, 2015, 18:07 PM IST
State banks may eye markets for cash if growth picks up
India`s state-owned lenders may turn to equity markets and other alternative sources of capital in order to compensate for a smaller cash injection from the government this year, a senior official said on Wednesday.
Mar 11, 2015, 18:04 PM IST
Foreign private banks plan India headcount boost in revival of growth push
Foreign private banks are bulking up in India once again after downsizing in the past few years, anticipating new opportunities to advise Indian millionaires eager to cash in on an Internet start-up boom and on signs of an economic revival.
Feb 17, 2015, 09:01 AM IST
Indian companies raise $2 bn in debt from Six Swiss Exchange
Some eight Indian firms including six banks raised nearly USD 2 billion in debt from Six Swiss Exchange between 2012-14.
Feb 11, 2015, 20:05 PM IST
Give names of unclaimed deposit a/c on website: RBI to banks
In a bid to help people who have unclaimed deposits lying with banks, RBI today directed banks to prominently display such account holders' names on the websites and provide them with a "Find" option to locate the information easily.
Feb 02, 2015, 18:22 PM IST
Probe corruption complaints properly: CVC to banks
Noting irregularities, the CVC has asked banks to follow proper procedure in probing corruption complaints received by them.
Dec 24, 2014, 16:24 PM IST
Sharp rise in bad loans; banks taking action: Govt
Jaitley said banks are taking a number of steps against willful defaulters.
Dec 05, 2014, 15:07 PM IST
Govt mulls splitting CMD post in PSU banks from 2015-16
Government is likely to implement the proposal of bifurcating the post of Chairman and Managing Director in public sector banks from the next fiscal to strengthen corporate governance.
Dec 04, 2014, 16:11 PM IST
Gross NPAs of PSU banks rise to 5.33% at September end FY15
The gross NPAs of state-run lenders stood at 4.72 percent of total advances at the end of March 2014.
Nov 28, 2014, 17:15 PM IST
Banks to have a say in selecting auditors from next year
In order to give greater autonomy to public sector banks, the Finance Ministry is working on a framework which will give lenders the authority to select statutory auditors, a pattern that would come into effect from next fiscal.
Nov 02, 2014, 11:55 AM IST
RBI revises Basel III norms, cuts capital maturity to 5 years
Banks can issue tier-2 debt capital instruments to retail investors, subject to board approval.
Sep 02, 2014, 16:12 PM IST
Merging strong banks ideal, need to be careful, says Rajan
Amidst talks of consolidation in the banking sector, Reserve Bank Governor Raghuram Rajan on Wednesday stated merging strong banks will bode well for the economy while saying that one needs to be "very careful" in deciding who to merge with whom.
Aug 13, 2014, 23:28 PM IST
