Banks general
Yes Bank trims workforce by 12% in digital push
22 Sep 2017
Yes Bank’s move to eliminate 2,500 jobs comes after private sector banking major HDFC Bank reduced its workforce by 6,096 during January-March 2017
IndusInd Bank, Bharat Financial explore merger
12 Sep 2017
Pakistan’s Habib Bank fined $225 mn, pushed out of NYC over terror links
09 Sep 2017
The bank allegedly facilitated almost 13,000 transactions involving at least $250 million through its Manhattan branch without proper screening for prohibited transactions or dealings with sanctioned countries
Banks show no urgency in restoring financial health: Viral Acharya
09 Sep 2017
RBI deputy governor Viral Acharya asked why banks are not looking at market funds to address the problem of massive recapitalisation, especially at a time when the market is flush with funds
SC stays insolvency proceedings against Jaypee, gives homebuyers first right
04 Sep 2017
The apex court also issued notices to the finance ministry, Jaypee Infratech, Reserve Bank of India, the lender IDBI Bank as well as the UP government and posted hearing in the case for 10 October
RBI says 99% of scrapped notes have returned into system
31 Aug 2017
RBI said Rs15.28 lakh crore, or 99 per cent of the Rs15.44 lakh crore of scrapped Rs500 and Rs1,000 notes, had come back into the banking system between 8 November last year and 30 June this year
RBI introduces Rs200 denomination banknote
24 Aug 2017
Govt moves to speed up mergers of state-run banks
23 Aug 2017
The union cabinet has given in-principle approval for public sector banks to amalgamate through an Alternative Mechanism (AM), under which the decision will come from the bank boards
Strike hits banking operations nationwide
22 Aug 2017
Jaitley unsure about the effectiveness of new NPA resolution mechanism
19 Aug 2017
While speed is the essence of the success of bankruptcy procedures, Jaitley said the Bankruptcy and Insolvency Code is meant to safeguard the health of both the borrower and the lender
SBI staff count down 6,622 in fiscal first quarter
16 Aug 2017
While 7,247 employees exited the bank in the first quarter of FY18, CBI added about 625 personnel in the first quarter, reducing the total headcount to 2,73,181
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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