According to an analysis of the key financial metrics of small finance banks (SFBs) by Care Ratings in comparisons to their public, private and foreign sector peers, these newest entities on the finance street are paying as m
Mallya, meanwhile, remains on bail as the UK Home Office deals with a "confidential" legal issue before UK Home Secretary Priti Patel can sign off on his extradition sought by the Indian government, on charges of fraud and mo
The Institute of Banking Personnel Selection (IBPS) has released a notification regarding issuing of hall tickets for the upcoming preliminary exam training call letters.
Government has asked banks to take steps to increase coverage under the Atal pension scheme as lenders failed in meeting the sales target for the social security scheme in the last financial year.
Jayant Sinha said India would have 8 to 10 "very competitive" state-owned banks after an ongoing consolidation phase, a sharp reduction from the 27 currently in existence.
The cumulative loss of 20 public sector banks (PSBs) that have declared their Q4FY16 results as of Wednesday has crossed the $2 billion mark. In fact, at R14,283.5 crore, their losses put together, are more than the current m
IMF's financial counselor Jose Vinals said that India is the best placed among emerging markets, but underlined that it has problems of its own which need to be dealt with.
Most public sector banks are likely to face pressure in terms of growth and profitability during FY17 owing to their high capital requirements, both from the government and the capital market, India Ratings said in a report o
The government on Friday unveiled a seven-point revamp agenda for public sector banks with worrisome levels of stressed assets, the central theme of which was an assertion that their commercial decisions would be left largely
The government on Friday said R20,088 crore of capital would be infused in 13 public sector banks (PSBs) in a month, as part of its four-year (FY16-FY19) plan to enable PSBs to create a safe buffer to meet Basel-III norms and
The Indian government expects public sector banks would be able to raise 800 billion rupees ($12.31 billion) from the markets to strengthen their balance sheets, Financial Services Secretary Hasmukh Adhia said on Friday.
The government's current proposal is to infuse Rs 25,000 crore each in this fiscal and the next (the PJ Nayak committee had estimated PSBs' capital requirement at Rs 34,000 crore in FY16 and Rs 76,000 crore in FY17) and Rs 10
According to information procured by RTI activist, Sanjay Shirodkar, around 14 PSUs such as SAIL, Coal India, and ONGC had showed more than Rs 7,500 crore as bad debts between 2006 to March 2012.
The projects have to be implemented by 2017 and the PSUs and ministries would be free to use the power so generated for either self-use or sell it to third party or discoms.
Public sector banks (PSB) that were, as per the latest Union Budget, to get fresh capital of R7,940 crore from the government this fiscal are likely to benefit from an additional infusion in the year.