Banks general
RBI cuts repo rate by 25 bps to a 5-year low of 6.5%
05 Apr 2016
RBI said the move has been guided more by a continued slackness in the domestic economy and the perceptions of downside risks to recovery in some advanced economies
State-run banks lose over Rs30,000 cr to frauds between FY12 and FY15: Report
26 Mar 2016
Finance ministry documents show most of these losses are due to frauds involving losses of over Rs1 lakh or more
Liquor baron Vijay Mallya said to have left India
09 Mar 2016
The banks seem to have acted a bit too late as, according to some reports, Mallya might have already received $40 million of the $75 million severance package from Diageo
Govt to set up panel on PSU bank consolidation
07 Mar 2016
Mergers are also seen as an easy option to offsetting ballooning losses at state-run lenders that hold more than two-thirds of assets in the country’s banking industry and about 85 per cent of non-performing loans
SBI seeks Vijay Mallay’s arrest; DRT reserves order on recovery plea
05 Mar 2016
DRT judge Benakanahalli took up the case on priority basis in order to secure the first right on the $75 million severance package that Mallya will be getting for quitting Diageo-owned United Spirits (USL) as its chairman
Govt, RBI working closely to resolve banks’ NPA issues: Jayant Sinha
05 Mar 2016
Speaking at the second Gyan Sangam, the minister said the finance ministry and the RBI have already strengthened the mechanism through which banks can resolve assets even on an interim basis
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