Banks general
Govt to merge Bank of Baroda, Vijaya Bank and Dena Bank
18 Sep 2018
The merger of the three loss-making banks would create a larger entity with higher net worth and higher financial clout, which would help instil greater confidence in these banks
Govt’s high credit targets to blame for most NPAs: Rajan
12 Sep 2018
The system has been singularly ineffective in bringing even a single high-profile fraudster to book, which led to the impression that fraud is not discouraged, Rajan said
ArcelorMittal raises bid for Essar Steel to Rs42,000 crore
11 Sep 2018
Essar Steel, with its 10 million tonne a year production capacity, had outstanding debt of Rs50,786 crore as of March 2018 and the Rs42,000 crore offer is almost 83 per cent of its outstanding debt
SBI hikes benchmark lending rate by 0.2%
01 Sep 2018
India Post Payments Bank set for launch on 1 September
29 Aug 2018
The launch of IPPB will more than double the number of bank branches in the country – from the present 1.40 lakh to more than 2.90 lakh, while the number of rural branches will increase from 49,000 to more than 1.75 lakh
LIC to buy 14.9% in IDBI Bank initially as deal hits legal hurdle
29 Aug 2018
While an insurance company is not allowed to buy more than 15 per cent in another financial institution, the government has given a one-time exemption to LIC to raise its stake in IDBI Bank to 51 per cent
SBI posts Rs4,876-cr net loss in June quarter
11 Aug 2018
With fresh slippages down to Rs9,984 crore during the quarter against Rs33,670 crore in the preceding quarter, and most of the provisioning requirement for legacy NPA accounts being largely taken care of, the bank expects to post a profit in the December and March quarters
HSBC brings European operations under French unit ahead of Brexit
09 Aug 2018
HSBC, Europe’s biggest bank, has shifted ownership and operational control of its Polish and Irish subsidiaries from its London-based entity to its French unit, as Brexit looms
Government withdraws FRDI Bill in Lok Sabha
08 Aug 2018
Facebook asks US banks to share customer data; plays down privacy fears
07 Aug 2018
Facebook has had discussions with JPMorgan Chase, Wells Fargo, Citigroup and US Bancorp in the past year about sharing customers' financial data to enhance its Messenger texting platform
RBI hikes policy repo rate by 25 bps to 6.5% as inflation spikes
01 Aug 2018
The Reserve bank's Monetary Policy Committee has reiterated its commitment to achieving the medium-term target for headline inflation of 4 per cent on a durable basis even as consumer price inflation rose from 4.9 per cent in May to 5 per cent in June, driven by an uptick in fuel prices
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