RBI is solemnising a merger between Punjab National Bank and Laxmi Vilas Bank. We chronicle the events that led to this dramatic manoeuvre by the Central Bank.
The Government is considering banking reforms that could bring down the number of Public Sector Banks (PSBs) to 5. What does this mean and why is this necessary?
PSU banks, including SBI, PNB, Bank of Baroda, Union Bank of India, IDBI and others, have offered loan EMI moratoriums to their customers.
PSBs reported fraud of INR95,700cr during April-September. PSU banks witness a dip in bad loans in Q2 FY20.
How will government's mega PSB merger pan out? "Can 10 'weak' banks together create four large, strong banks?" Investors of Tata Motors' have lost INR1.13L cr in last three years....
SC holds Anil Ambani guilty of contempt. RBI to transfer INR28,000cr as interim dividend to govt. CBI issues look-out circular against Chanda Kochhar, Deepak Kochhar and Venugopal...
Govt to inject INR48,239cr in 12 PSBs. RCom requests urgent approval of INR260cr from lenders. Only Reliance Jio, BSNL add users in December; Vodafone Idea, Airtel lose out, as per...
US unveils criminal charges against Huawei. EU dismisses Tory compromise plan as unworkable. Jet to seek approval from its shareholders to convert a portion of its debt into equity...
Banking sector records decline in NPA ratio. Cases of fraud multiply in 2018. 6-member panel led by Bimal Jalan was finalized during Urjit Patel's tenure, says Finance Minister. Pa...
Ex-RBI Governor Bimal Jalan to head panel of six set to review it's Economic Capital Framework. Govt to inject INR28,615 cr in seven PSBs.
