Banks general

SFIO wants DCB Bank licence cancelled for role in NSEL scam

21 Jan 2019

Mehul Choksi gives up Indian citizenship, surrenders passport in Antigua

21 Jan 2019

HDFC Bank Q3 net up 20.3% to Rs5,585.85 cr as interest income soars 21.9%

21 Jan 2019

Govt to infuse Rs6,000-crore fresh capital into Exim Bank

16 Jan 2019

Jet Air lenders propose halving Goyal’s stake in $900m turnaround plan

09 Jan 2019

SBI has appointed Ernst and Young to conduct a forensic audit into Jet Airways' books from 1 April 2014, to 31 March 2018 and lenders will not release cash until they have the report on Jet Airways' business viability

Bandhan Bank to acquire Gruh Finance in an all-stock deal

07 Jan 2019

The merger, which would create a combined entity with market value totaling over Rs88,000 crore, would also result in Bandhan founder Chandra Shekhar Ghosh bringing down his promoter stake to just above 60 per cent

Mumbai court declares Mallya fugitive economic offender

07 Jan 2019

Lenders ask Jet Air to submit revival plan by month-end

07 Jan 2019

Lenders are wary of taking Jet Airways to the National Company Law Tribunal for insolvency proceedings since they are not sure of the value of its assets, but expects partner Etihad Airways to buy more stake in the company

RBI imposes Rs14-cr penalty on 7 banks for flouting norms

03 Jan 2019

Cabinet nod for merger of Vijaya Bank and Dena Bank into Bank of Baroda

02 Jan 2019

The merger will combine the advantages of Dena Bank's relatively higher access to low-cost CASA deposits, Vijaya Bank's profitability and availability of capital for growth, and the extensive and global network and offerings of BoB

Jet Airways defaults on loan repayment to banks

02 Jan 2019

Govt infuses Rs10,882 cr in UCO Bank, Syndicate Bank, BoM and Central Bank

02 Jan 2019

Banks recover Rs 40,400 cr from defaulters: RBI report

31 Dec 2018

Modi may also hit the election trail with farm loan waiver scheme

31 Dec 2018

PM Narendra Modi is reported to be weighing 3 options - a direct payment to all landowning farmers, compensation for those who sold produce below government prices, and a general loan-waiver – involving a Rs3,00,000-crore outgo, to help farmers hit by low crop prices

RBI rules out dilution of bank capital norms

31 Dec 2018

While recent data for the first half of fiscal 2018-19 indicated a stabilisation in non-performing assets (NPAs), this is at an elevated level and capital positions stands buffered and the provision coverage ratio has improved, RBI noted

Patanjali eyes Ruchi Soya as Adani Wilmar pulls out of resolution deal

24 Dec 2018

State-owned banks remain closed as unions strike work

21 Dec 2018

Finance ministry proposes Rs83,000-cr PSB recapitalisation

21 Dec 2018

Interestingly, the Rs1,06,000 crore funds needed to recapitalise these NPA- and scams-hit banks will have to come from RBI itself, which the finance ministry hopes to come in the form of an interim dividend

Now government wants interim dividend from RBI

20 Dec 2018

According to earlier reports, the government is seeking 3,60,000 crore out of RBI’s over 9,00,000 crore reserves, which include gold, foreign currencies, SDR, sovereign bonds etc

India’s credit availability ranking jumps to 22 from 44 in 2 years

19 Dec 2018

PSBs seek roll-back of Rajan-Urjit regulations

14 Dec 2018

Public sector banks are in a strange situation with 11 of the 21 PSBs under prompt corrective action (PCA) and face restrictions on their lending activity, which in turn make their turnaround more difficult

Govt mulls Rs4,00,000-cr loan waivers to win back rural votes

12 Dec 2018

With elections round the corner, the Narendra Modi-led NDA government has no other option than fall back on the easy option of writing off farmers’ loans

London court orders extradition of Vijay Mallya

10 Dec 2018

The matter of extradition of Vijay Mallya to India has been referred to the Secretary of State and any decision on repatriation will have to be approved by the UK government