Banks general
Govt’s fisc under strain as PSBs add Rs 87,000 cr loss in FY18
11 Jun 2018
With public sector banks' losses getting out of control, the government has appointed a committee to make recommendations on setting up an asset reconstruction company that will manage the Rs8,30,000-odd crore of losses amassed by state-run banks
RBI hikes repo rate by 25 bps to 6.25%
06 Jun 2018
The hike in the repo rate, which follows a sharp rise in consumer price inflation rate to 4.6 per cent in April, is also intended to tame rising inflation, RBI said
Two-day bank strike from tomorrow to hit banking operations nationwide
29 May 2018
Employees of state-run banks across the country will go on a two-day strike from Wednesday, in protest against the nominal two per cent increase in wages
Barclays mulls merger with Standard Chartered: report
24 May 2018
Barclays says it has been talking about combing with various lenders including Deutsche Bank, Credit Suisse and DBS, as well
SBI reports Rs7,718-cr net loss in Q4 as provisioning mounts
23 May 2018
The bank had to make higher provisions for bad loans, while it incurred losses on trading besides the mark-to-market losses due to a rise in bond yields
Will put banking sector back on track: Piyush Goyal
17 May 2018
Railway minister Piyush Goyal, who holds temporary additional charge of the finance ministry, said the banking sector, which has a legacy of scandals and bad debts that threaten the broader economy, would be put back on track
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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