Centre to infuse Rs 8,586 cr capital in 10 weak banks
Contrary to its earlier stand of infusing fresh capital in strong banks, the central government has decided to infuse fresh capital totalling Rs 8,586 crore into 10 weak banks subject to commitment to quarterly milestones by bank boards, management, employees and unions, said a top leader of All India Bank Employees` Union (AIBEA).
Mar 19, 2017, 18:10 PM IST
Intermediate mechanism for NPA resolution on anvil: Vinod Rai
Worried over mounting bad loans, the Bank Board Bureau (BBB) is working out an "intermediate mechanism" to ensure early resolution of the problem and also to provide comfort to the bank management with regard to settlement of dues.
May 20, 2016, 17:26 PM IST
