Banks general
SC stays insolvency proceedings against Jaypee, gives homebuyers first right
04 Sep 2017
The apex court also issued notices to the finance ministry, Jaypee Infratech, Reserve Bank of India, the lender IDBI Bank as well as the UP government and posted hearing in the case for 10 October
RBI says 99% of scrapped notes have returned into system
31 Aug 2017
RBI said Rs15.28 lakh crore, or 99 per cent of the Rs15.44 lakh crore of scrapped Rs500 and Rs1,000 notes, had come back into the banking system between 8 November last year and 30 June this year
RBI introduces Rs200 denomination banknote
24 Aug 2017
Govt moves to speed up mergers of state-run banks
23 Aug 2017
The union cabinet has given in-principle approval for public sector banks to amalgamate through an Alternative Mechanism (AM), under which the decision will come from the bank boards
Strike hits banking operations nationwide
22 Aug 2017
Jaitley unsure about the effectiveness of new NPA resolution mechanism
19 Aug 2017
While speed is the essence of the success of bankruptcy procedures, Jaitley said the Bankruptcy and Insolvency Code is meant to safeguard the health of both the borrower and the lender
SBI staff count down 6,622 in fiscal first quarter
16 Aug 2017
While 7,247 employees exited the bank in the first quarter of FY18, CBI added about 625 personnel in the first quarter, reducing the total headcount to 2,73,181
SBI first-quarter net profit falls 20.4% to Rs2,006 cr
12 Aug 2017
Profit on the consolidated banks' accounts rose 435 per cent to Rs2,006 crore, from Rs374 crore net a year earlier, chairman Arundhati Bhattacharya told reporters
NCLT admits insolvency petition against Essar Steel
03 Aug 2017
The Ahmedabad bench of the NCLT rejected Essar Steel’s plea to dismiss the insolvency proceedings and ordered the appointment of the SBI-nominated Satish Kumar Gupta as the Interim Resolution Professional
RBI cuts repo rate by 25 bps to 6% as industry slackens
02 Aug 2017
RBI said that despite the demonetisation drive, surplus liquidity conditions persisted in the system, exacerbated by front-loading of budgetary spending by the government
SBI cuts rates on savings accounts below Rs1 cr to 3.5%
01 Aug 2017
The 50 basis point reduction in deposit rate has become necessary following the reduction in lending rates, especially in agriculture and affordable housing, SBI stated
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