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Govt, RBI may agree on MSME credit flow

Reserve Bank of India (RBI) and the central government are expected to reach a consensus on easing credit availability to micro, small and medium enterprises (MSMEs). "The government is likely to..
Credit: DNA - Published

RBI board needs to play like Rahul Dravid, not Sidhu: Raghuram Rajan

Commenting on whether the PCA (Prompt Corrective Action) norms be relaxed or not, Rajan said, "Basel norms are flexible for some conditions but very stringent versus other Indian rules. RBI as a..
Credit: IndiaTimes - Published

Government interference felt in Reserve Bank Board

The wall between the banking regulator and the central government started crumbling fast on October 23 as for the first time the Reserve Bank of India (RBI) Board meeting ended inconclusively and..
Credit: DNA - Published

Government and RBI have to be guided by public interest: Finance Minister Arun Jaitley

The Finance Ministry on Wednesday said the autonomy of the central bank is essential, but added both the government and the Reserve Bank of India (RBI), in their functioning, have to be guided by the..
Credit: DNA - Published

Govt, Reserve Bank set for Boardroom battle

The government on Wednesday said that the autonomy of the central bank is essential and an accepted governance requirement as Reserve Bank of India (RBI) called for a Board meeting on November..
Credit: DNA - Published

RBI may give PCA breather to banks, says finance ministry official

The finance ministry expects some changes in the Reserve Bank of India (RBI)'s Prompt Corrective Action (PCA) framework imposed on weak banks in the next few weeks, a senior ministry official said on..
Credit: DNA - Published

Banks to auction Rs 33,000 cr loans on NCLT delays

Delays in resolutions at National Company Law Tribunals (NCLT) have forced 13 banks to auction off stressed corporate loans of Rs 33,949 crore to asset reconstruction companies or distressed funds with..
Credit: DNA - Published

PNB to seek Rs 5,431-crore capital infusion from govt

Punjab National Bank (PNB) Wednesday said it plans to seek Rs 5,431 crore capital support from the government a day after Finance Minister Arun Jaitley assured state-owned banks of all support from the..
Credit: DNA - Published

Fear of IBC forcing defaulters to pay up, says Finance Minister Arun Jaitley

Non-performing assets (NPAs) of the government-run banks are on a decline as the recoveries of the loans have picked up, finance minister Arun Jaitley said after chairing a review meeting of the public..
Credit: DNA - Published

Will the three-way bank merger work?

Will the merger of Bank of Baroda, Dena Bank and Vijaya Bank lead to a healthier big bank and help tackle those non-performing assets (NPAs) any better? Views are mixed on the outcome of this..
Credit: DNA - Published

Bank of Baroda to merge with Vijaya and Dena Bank, says Finance Minister Arun Jaitley

Customers of the three state-run banks are set to benefit from the proposed amalgamation of Dena Bank and Vijaya Bank, two relatively small banks, with Bank of Baroda (BOB). The merged entity will..
Credit: DNA - Published

United Bank's employee share sale flops on price drop

Public sector lender United Bank of India's share sale to employees has failed to receive sufficient support and managed to garner just 61% subscription even after two extensions. In a regulatory..
Credit: DNA - Published

Gujarat: NPA drops 2.1%, RBI's PCA works for PSBs

Strong arm tactics of national banking watchdog, the Reserve Bank of India (RBI), over Public Sector Banks (PSBs) with high bad loans seems to have been working, at least in Gujarat. After RBI put 11..
Credit: DNA - Published

Gujarat: Private banks' gain is PSBs' loss as banking operations stagnate

Private Banks are gradually making a foray into what is traditionally Public Sector Bank (PSB) territory. Private banks witnessed net gain in basic banking operations of advances and deposits in..
Credit: DNA - Published

RBI says bad loans to rise

Reserve Bank of India (RBI) in its annual report said that current economic scenario could increase the gross non-performing assets (NPA) of the banking system. "Going forward, the stress tests..
Credit: DNA - Published

Bank of India to monetise non-core assets by December, says Dinabandhu Mohapatra

*Dinabandhu Mohapatra*, managing director and CEO of Bank of India, said the lender is trying to figure out the best ways to get out from Reserve Bank of India's (RBI) prompt corrective action (PCA)..
Credit: DNA - Published

Parliamentary Panel questions PCA measures for banks

A Parliamentary Committee has expressed apprehension over the Prompt Corrective Action (PCA) framework — a measure to check banks' financial health — of the Reserve Bank of India saying that it may..
Credit: DNA - Published

Parliamentary Panel fears more banks may come under PCA purview

A Parliamentary Committee has expressed apprehension over the Prompt Corrective Action (PCA) framework, a measure to check banks' financial health, of the Reserve Bank of India (RBI) saying that it may..
Credit: DNA - Published

United Bank's share sale to employees gets cold response

Public sector lender United Bank of India is getting a cold response for its ongoing Employee Share Purchase Scheme despite extending the deadline twice, as employees are concerned over the declining..
Credit: DNA - Published

Gujarat: Job freeze hurts operations, customer service, says PNB union

Freeze on new recruitment is hurting banking operations and customer service, said union leaders of Punjab National Bank (PNB) on Monday. They estimated that manpower shortage to be of 25% which, if..
Credit: DNA - Published

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