IFC emerges as top contender to buy IDBI stake
International Finance Corporation (IFC)— private sector lending arm of the World Bank has become the top contender to buy around 15…
13 JUN 2016
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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
Not upset over withdrawal of Payments Bank licences, says Rajan
Days after three entities decided to back out of the Payments Bank licencing, RBI Governor Raghuram Rajan on Tuesday said…
07 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
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
Bank unions propose nation-wide stir on July 29
In order to lodge protest against banking reforms proposed by the Union Government, United Forum of Bank Unions (UFBU) —…
12 MAY 2016
MoU between RBI and Central Bank of UAE gets green signal from Cabinet
The Union Cabinet has given its ex-post facto approval to the memorandum of understanding (MoU) between the Reserve Bank of…
05 MAY 2016
