Banks should focus on recovering dues: Uday Kotak
Banks should focus on recovery rather than "going after borrowers", eminent banker Uday Kotak said on Saturday, a day after embattled tycoon Vijay Mallya remarked that arresting him will not help banks recover any money.
Apr 30, 2016, 20:45 PM IST
Banks should focus on recovering dues: Uday Kotak
Banks should focus on recovery rather than "going after borrowers", eminent banker Uday Kotak said on Saturday, a day after embattled tycoon Vijay Mallya remarked that arresting him will not help banks recover any money.
Apr 30, 2016, 20:45 PM IST
Banks to auction Kingfisher logo, ‘Fly with Good Times’ trademarks tomorrow
The reserve price for the trademarks, which also include Flying Models, Fly the Good Times, Funliner, Fly Kingfisher, Flying Bird device, has been kept at Rs 366 crore.
Apr 29, 2016, 14:33 PM IST
Banks want to see Vijay Mallya in jail, not recover money: Lawyer
With the consortium of banks refusing Vijay Mallya's proposal to pay over Rs 6000 crore in the IDBI Bank loan default case, his lawyers on Tuesday said the banks' intention were no longer to recover money but to see the business man in jail.
Apr 26, 2016, 19:23 PM IST
Vodafone Group all set for $2.5 billion IPO launch, invites big banks
Vodafone Group has set the ball rolling for its long-awaited India IPO by inviting banks, including Citigroup, Goldman Sachs and Morgan Stanley, to submit pitches to manage it, people with direct knowledge of the deal said
Apr 21, 2016, 16:58 PM IST
Banks need to ensure no defaulter manages to get away: Arun Jaitey
Amid a raging row over recovery of soured debt from tycoon Vijay Mallya, Finance Minister Arun Jaitley on Wednesday said it was responsibility of banks to ensure no defaulter manages to get away.
Apr 20, 2016, 18:57 PM IST
Banks told to calculate pension post 6% DR hike: Centre
All banks have been asked to calculate revised amount of pension following the recent six percent hike in Dearness Relief (DR), the Centre has said.
Apr 14, 2016, 18:20 PM IST
Banking Simplified : Unified Payment Interface
The Indian banking sector has seen unprecedented growth along with remarkable improvement in its quality of assets and efficiency.
Apr 14, 2016, 14:15 PM IST
IMF says financial stability risks rising, urges bank asset repair
World financial markets have calmed after turmoil earlier this year, but more needs to be done to ensure global financial stability amid slowing growth, weak commodity prices and worries about China`s economy, the International Monetary Fund warned on Wednesday.
Apr 13, 2016, 21:14 PM IST
Vijaya Bank cuts term deposit interest rates by 0.25%
The reduction in deposit rates will be?applicable for term deposits of different slabs from 91 days?to above five years maturity, it said in a release.
The new deposit rates will be effective April 12, it said.
Apr 12, 2016, 16:00 PM IST
We attempt to be an informed, adaptive regulator: Raghuram Rajan
Reserve Bank Governor Raghuram Rajan Monday said as a regulator the central banks tries to be informed and adaptive when it comes to regulation of new instruments and processes.
Apr 11, 2016, 19:13 PM IST
SC directs Vijay Mallya to disclose assets by April 21
Liquor baron Vijay Mallya, who is facing legal proceedings for alleged default of loans worth over Rs 9,000 crore from various banks, was Thursday directed by the Supreme Court to disclose by April 21 the total assets owned by him and his family in India and abroad.
Apr 07, 2016, 21:01 PM IST
HSBC, RBS and Barclays plan to close 400 UK branches this year: Sources
Three of Britain`s largest banks are planning to close about 400 branches this year, according to people familiar with the situation, a new programme of closures that could leave thousands of customers without easy access to a bank.
Apr 06, 2016, 21:34 PM IST
Banks to reject Vijay Mallya's Rs 4,000 crore loan repayment offer?
Last week, Kingfisher Airlines and Vijay Mallya had submitted a proposal in the apex court to pay Rs 4,000 crore by September to the consortium of 17 banks led by State Bank of India.
Apr 06, 2016, 19:04 PM IST
RBI policy good stimulus, will prompt banks to cut rate: Finance Ministry
Finance Ministry on Tuesday said RBI's policy rate cut will provide a "good stimulus" to the economy and encourage banks to reduce lending rates.
Apr 05, 2016, 14:14 PM IST
Expert analysis on policy outcomes of RBI
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Apr 05, 2016, 12:34 PM IST
SBI, ICICI, PNB and others move to lending rates based on marginal cost
The new interest rates vary from 8.95 percent for overnight to 9.35 percent for three years, SBI said in a document posted on its website Thursday.
Mar 31, 2016, 22:12 PM IST
Indian Bank raises Rs 500 crore via additional tier-I bonds
State-run Indian Bank today said it has raised Rs 500 crore by issuing additional tier-I bonds.
Mar 31, 2016, 13:35 PM IST
RBI provides list of big loan defaulters, urges SC not to disclose names
A bench headed by Chief Justice T S Thakur had last month directed the central bank to provide a list of companies which are defaulters of bank loans of over Rs 500 crore while expressing serious concern over rise in bad loans.
Mar 30, 2016, 19:06 PM IST
Fixed rate loans up to 3 years to be based on marginal cost: RBI
From next month, all banks will follow Marginal Cost of Funds based Lending Rate (MCLR) system, a new uniform methodology which will ensure fair interest rates to borrowers as well as to banks.
Mar 29, 2016, 20:14 PM IST
