Indian Needs 4-5 More Banks Like SBI: FM Sitharaman
Four or five more large commercial banks just as big as the State Bank of India (SBI) are needed in…
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HDFC Bank To Raise ₹50,000 Cr Through Bonds
On Wednesday, India’s leading private sector lender HDFC Bank said it plans to raise ₹50,000 crores through private placement mode…
Central Bank of India, Indian Overseas Bank and UCO bank may come out of RBI’s PCA after finance ministry infuses Rs. 14,500 crores
Reportedly, the finance ministry is likely to infuse Rs 14,500 crore in the banks that come under the RBI’s prompt…
9 banks, 2 non-banks to infuse 7 lakh crores in bad banks
Given the large overwhelming non-performing assets in India’s financial services ecosystem, there has been a strong suggestion by the ministry…
PSU Bank Mergers : Everything You Need To Know About About The Government’s Public Banking Sector Restructuring
In India, in 1991 government of India had adopted a new economic policy through which a program of economic reforms…
26 Top Indian Banks Names By International Consortium of Investigative Journalism On Account Of Almost $1 Billion In Red Flagged Transactions
Dozens of banks, irrespective of them being private, public, or foreign, helped in executing transactions that were red-flagged by the…
Canara Bank lowers repo-rate linked lending rate by 40 bps
On Saturday, PSU Canara Bank announced that it has lowered Repo linked lending Rate (RLLR) by 40 bps to 6.90…
No takers for COVID-special Credit Lines; Banks Store ₹8 lakh Crores with RBI
KOLKATA: The Indian credit market seems to be in a curious conundrum nowadays. The Banking sector had, under Government direction,…
Consortium of 13 Indian banks led by SBI back in UK court with bankruptcy petition for Vijay Mallya
A team of 13 state-owned public sector banks under State Bank of India (SBI) guidance has approached again the UK…
Oriental Bank reveals loan exposure to Nirav Modi, Mehul Choksi
Mumbai, Sep 6 (IANS) For the first time, the public sector Oriental Bank of Commerce (OBC) has come clean on…