Banks general
Cabinet clears SBI’s merger of associate banks, BMB
15 Jun 2016
The merged entity will have an asset base of Rs37,00,000 crore (over $555 billion), 22,500 branches, 58,000 ATMs and a customer base of over 500 million
Blow to Mallya as special PMLA court declares him proclaimed offender
14 Jun 2016
A person can be termed a proclaimed offender in a criminal case if the court has reasons to believe that the accused against whom a warrant of arrest has been issued has absconded or is concealing himself so as to avoid arrest
RBI lets banks restructure bad loans into debt and equity
14 Jun 2016
Ridding banks of bad loans that are now at a 15-year high of around Rs8,00,000 crore is crucial to reviving economic growth in India’s $2 trillion economy
SBI quietly working on merger framework for subsidiaries: report
13 Jun 2016
SBI managing director V G Kannan is reported to be heading the team formed under the supervision of associate and subsidiaries department, and if everything goes well, the merger process is likely to begin in 3-4 months, says the report
No legal basis for attaching properties, says Mallya
13 Jun 2016
Mallya, a former Rajya Sabha member and chairman of United Breweries Group, said the ED’s move seems to have motives and that it would make it difficult to raise money to repay loans to banks
Swiss govt supports action against tax dodgers
09 Jun 2016
RBI leaves rates unchanged, experts see cuts in August
07 Jun 2016
As widely expected, the RBI kept its policy interest rate unchanged at a five-year low of 6.50 per cent, but signalled the prospect of a cut later this year if monsoon rains dampen upward pressure on food prices
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