Rs 2.11 lakh crore recapitalisation for banks to boost growth (Roundup)
New Delhi, Oct 24 (IANS) In a stimulus package aimed to boost flagging economic growth, create jobs and increase credit flow, the Union Cabinet on Tuesday approved a Rs 2.11 lakh crore...
View ArticleApple Pay launched in three Nordic nations
Helsinki, Oct 25 (IANS) Apple has launched its mobile payment platform Apple Pay in Finland, Denmark and Sweden, a media report said. The payment service is now available to Nordea Bank’s customers...
View ArticleRecapitalisation will substantially improve situation: Arun Jaitley
New Delhi, Oct 25 (IANS) A day after announcing major capital infusion for public sector banks, Finance Minister Arun Jaitley said this will substantially improve the situation. “I think this will...
View ArticleBank recapitalization is amnesty to corporate loan defaulters: CPI-M
New Delhi, Oct 25 (IANS) The government decision to recapitalize the public sector banks by infusing Rs. 2.11 lakh crore amounts to virtually pardoning corporates who have not returned loans now...
View ArticleBank infusion amnesty to corporate loan defaulters: CPI-M (Lead, Correcting...
New Delhi, Oct 25 (IANS) The government decision to recapitalize the public sector banks by infusing Rs 2.11 lakh crore amounts to virtually pardoning corporates who have not returned loans now...
View ArticleBailing out banks with public money worst crony capitalism: CPI-M
New Delhi, Oct 25 (IANS) The Centre’s decision to recapitalise public sector banks “being looted by corporates” by infusing Rs 2.11 lakh crore is the “worst expression of crony capitalism”, the CPI-M...
View ArticleIDBI Bank management says strike failed, union claims success
Chennai, Oct 25 (IANS) The two-day nationwide strike by IDBI Bank officers and other staff ended on Wednesday, with a union leader dubbing it a “resounding success” and a senior bank official terming...
View ArticleIndia should have 5-7 big banks, both public and private: CEA
New Delhi, Oct 25 (IANS) India should ideally have 5 to 7 large banks, Chief Economic Adviser (CEA) Arvind Subramanian said on Wednesday pitching for consolidation in the banking sector. “The big...
View Article‘Banks should not take haircuts, focus on recovering loans’
Chennai, Oct 26 (IANS) The Centre’s Rs 2.11 trillion recapitalisation for public sector banks though a welcome move, the focus should not be lost on recovering the loans by allowing the banks to take...
View ArticleDemonetisation helped banks to gain, even as customers felt acute pain (Note...
Bengaluru, Oct 26 (IANS) There’s one sector which gained more than any other from the centre’s demonetisation move — the banks. Perennially reeling under the burden of bad loans, they seemed to have...
View Article‘Private banks’ loan growth to be double of PSBs till 2019′
Mumbai, Jan 19 (IANS) Private sector bank credits will see a compound annual growth rate (CAGR) of 24 percent till fiscal 2019, as compared to 12 percent for the state-run ones, a joint study by...
View ArticleSecuritisation of loans key to develop small banks: Moody’s
New Delhi, Jan 21 (IANS) While non-banking finance companies (NBFCs) in India will continue to fund through securitisation, the practice of pooling of loans will be key for developing small finance...
View ArticleBanks will decide if to lower interest rates: Jaitley
New Delhi, Feb 6 (IANS) Sounding a note of caution on the inflationary impact of rising global crude oil prices ahead of the RBI’s final monetary policy review of the fiscal, Finance Minister Arun...
View ArticleHealthcare, banks stocks lift equity indices after 7-day fall
Mumbai, Feb 8 (IANS) Healthy buying activities in stocks of healthcare, banking and auto stocks pushed the key Indian equity indices higher on Thursday after seven consecutive days of losses....
View ArticleGlobal cues pull equities lower; banks stocks slump
Mumbai, Feb 9 (IANS) Indian equities on Friday plunged into the negative territory amid a global sell-off, with the key indices — the BSE Sensex and NSE Nifty50 — shedding 407.40 points and 121.90...
View ArticleGlobal cues pull equities lower; banks stocks slump (Roundup)
Mumbai, Feb 9 (IANS) Indian equities on Friday plunged into the negative territory amid a global sell-off, with the key indices — the BSE Sensex and NSE Nifty50 — shedding over 400 points and 100...
View ArticleAustralia begins examining banks’ misconduct
Canberra, Feb 12 (IANS) The Australian government on Monday began examining the country’s banks, insurers, financial services providers and pension funds, among other entities, through a royal...
View ArticleRBI issues revised guidelines to deal with banks’ bad loans
Mumbai, Feb 13 (IANS) The Reserve Bank of India (RBI) has brought out a revised framework for speedy resolution of non-performing assets (NPAs), or bad loans, by harmonising existing guidelines with...
View Article‘$1.8 bn fraud in PNB may impact other banks’
Chennai, Feb 14 (IANS) The $1.8 billion fraud detected at one of the Mumbai branches of Punjab National Bank (PNB) may have an impact on couple of other banks, said a banking sector analyst. Jaikishan...
View ArticleTyra Banks doesn’t want son to model
Los Angeles, Feb 15 (IANS) Supermodel and host Tyra Banks says she doesn’t want her son to follow her footsteps into the modelling industry. “Being a mom and raising a son… I just don’t want him to be...
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