Banks general
Deutsche Bank to lay off 18,000 Asia-Pacific jobs as it exits equity markets 08 July 2019
08 Jul 2019
Deutsche Bank expects the EUR 7.4 billion overhaul to result in a EUR 2.8 billion euro ($3.1 billion) net loss in the second quarter itself
Banks asked to ensure timely credit to MSMEs
28 Jun 2019
Govt planning online marketplace for MSMEs: Gadkari
28 Jun 2019
Minister for micro, small and medium enterprises (MSME), highways and shipping, Nitin Gadkari, expressed his commitment to raise MSMEs’ contribution to GDP to 50 per cent by creating an enabling environment for the growth of the sector
Govt claims success with its banking sector reforms
26 Jun 2019
Asset quality of banks has greatly improved, which is reflected in 45 per cent year-on-year reduction in slippage into non-performing assets (NPAs) in FY 2018-19, and 63 per cent reduction in 31 to 90 days overdue corporate accounts by March 2019 from their peak level in June 2017, says the finance ministry
Govt claims success with its banking sector reforms
26 Jun 2019
Asset quality of banks has greatly improved, which is reflected in 45 per cent year-on-year reduction in slippage into non-performing assets (NPAs) in FY 2018-19, and 63 per cent reduction in 31 to 90 days overdue corporate accounts by March 2019 from their peak level in June 2017, says the finance ministry
ACB exposes illicit lending, illegal appointments by sacked J&K Bank chief
10 Jun 2019
Parvez Ahmad Nengroo, the sacked chairperson of J&k Bank, is alleged to have illegally sanctioned loans worth hundreds of crores to clients recommended by former PDP minister Imran Aftab Ansari and People’s Conference chief Sajjad Lone, according to the investigating agency
RBI cuts interest rate by a further 25 bps to 5.75%
06 Jun 2019
The MPC also decided to change the stance of monetary policy from neutral to accommodative to support growth, while sticking to the medium-term target for consumer price inflation of 4 per cent within a band of (+/-) 2 per cent
OBC, Indian Bank and Corp Bank to combine in third PSB merger: report
06 Jun 2019
Once the merger goes through, the new entity will have combined deposits estimated at Rs6,60,000 crore and advances of Rs4,80,000 crore
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