SBI, CaixaBank sign MoU to fund Indo-Spanish JVs
Country’s largest lender— State Bank of India (SBI) and Spain’s CaixaBank have signed an agreement to provide financial support to…
10 JUN 2016
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PSU banks need Rs 1.2 lakh-cr infusion from Govt, says Moody’s analysis
Moody’s Investors Service on Friday said that in order to strengthen balancesheets of public sector banks, Government will have to…
10 JUN 2016
Banks shouldn’t have majority ownership in stressed asset funds: RBI
Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday said that banks should not have majority ownership in any…
07 JUN 2016
SBI merger with associates to be cleared soon, assures Jaitely
Finance Minister Arun Jaitley said on Monday that decision on State Bank of India’s (SBI) proposal of merging five subsidiaries…
07 JUN 2016
SBI possesses largest PoS network in India
Reserve Bank of India’s (RBI) latest data has brought cheers to country’s largest lender— State Bank of India (SBI) which…
31 MAY 2016
Department of Posts’ payments bank to have Rs 800 cr corpus
Minister for Communications and I&PR Ravi Shankar Prasad on Monday said the upcoming payments bank of the Department of Posts will have…
31 MAY 2016
SBI associates’ staff go on strike, protest proposed merger
In order to cripple bank services, over 50,000 employees of five associate banks of State Bank of India (SBI) have…
20 MAY 2016
PNB posts worst loss in Indian banking history, registers Q4 loss of Rs 5,370 cr
Government-run lender Punjab National Bank has registered the largest quarterly loss ever reported by an Indian lender. PNB posted a…
20 MAY 2016
Banks continue to reel under bad loans; five banks reported loss
Major Indian banks continue to have a nightmarish experience because of escalating bad loans in the quarter ended 31 March.…
14 MAY 2016
Debt recovery Bill referred to Joint Committee of Parliament
Finance Minister Arun Jaitley introduced the Enforcement of Security Interest and Recovery of Debt Laws and Miscellaneous Provisions (Amendment) Bill,…
12 MAY 2016
