The RBI also "nudges" the governments at the Centre and states to cut the high indirect taxes on fuel products to bring down the pressure on prices, Raj Kiran Rai G, the chairman of industry lobby Indian Banks Association, wh
Interested bidders have to submit their expressions of interest by July 30. It may be extended from time to time, the notice said. SBI Capital Market has been appointed as an advisor for the proposed stake sale.
The non-interest income grew 50% quarter-on-quarter (q-o-q) and 23% y-o-y to Rs 4,551 crore, mainly on account of recovery in the written-off accounts. Overall, the net profit for FY21 stood at Rs 2,906 crore, compared to a n
"These searches are part of a special drive to book fraudsters on the complaints received from different nationalised banks in India. The complainant banks include Indian Overseas Bank, Union Bank of India, Bank of Baroda, Pu
Banks typically make two categories of write-offs. A technical write-off is made when the bank removes an account from the NPA category even as it continues to make efforts to recover the amount involved. The other kind is wh
Indian factory growth slowed for a third month running in February. Weaker growth and inflation below the RBI's goal of 6 percent by January 2016 would give the central bank room to ease policy further this year to spur activ