Banks general
Arun Jaitley heads panel to oversee PSU bank mergers
31 Oct 2017
PSU bank mergers are seen as an alternative mechanism, along with proposed infusion of Rs2,11,000 crore capital, to clear loss-making banks of the huge pile of non-performing loans
RCom’s new debt repayment plan gives banks 51% shareholding
31 Oct 2017
Under the Reserve Bank mandated restructuring plan, RCom will be left with 49 per cent equity and Rs6,000 crore of debt while the promoters’ stake will come down to 26 per cent
IDFC-Shriram merger talks fail over valuation issue
30 Oct 2017
The complex deal proposed by the managements, involving at least four big entities in transport and consumer financing and infrastructure funding, failed to secure support from both stakeholders and regulators
Pence breaks tie to scrap bank regulation bill
25 Oct 2017
IBM announces new blockchain tech for cross-border banking
16 Oct 2017
IBM said the blockchain technology will help merchants and consumers to send money to another country in near real-time, accelerating a payments process that typically takes days
Fresh plea in SC against linking mobile nos, bank a/cs with Aadhaar
16 Oct 2017
As telecom service firms and banks hound their customers for providing Aadhaar data before the 31 December deadline set by the government, a fresh petition has been filed in the Supreme Court challenging this directive
Post demonetisation 5,800 companies operated 13,140 suspicious accounts
06 Oct 2017
While the first installment of data provided by the 13 banks showed 5,800 of the over 2 lakh companies that were struck off the register of companies operating 13,140 accounts, at least one company had 2,134 fake accounts
RBI keeps policy repo rate unchanged at 6 per cent
04 Oct 2017
RBI’s Monetary Policy Committee said while there are concerns with GDP growth sliding down to 5.7 per cent in the first quarter of fiscal 2018, a large part of the slowdown is expected to be transitory
SBI reduces interest on fixed deposits
04 Oct 2017
Mallya arrested in London in money laundering case, let off on bail
03 Oct 2017
Mallya faces nearly half a dozen warrants in India and has been accused for repeatedly refusing to appear before courts and investigators, but is often seen at public events in London
ICICI Bank offers cashback on home loan EMIs
28 Sep 2017
SBI lowers minimum balance requirement to Rs3,000, cuts penalties
26 Sep 2017
The bank has also exempted pensioners, beneficiaries of social benefits from government and minors from the requirement of minimum balance in savings account
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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