Objective of demonetisation was to expand tax base, fight black money: Jaitley
Talking about return of 99 percent of junked currency into banking system, Jaitley said that money has now been identified with its owner.
Aug 30, 2017, 20:25 PM IST
7.62 lakh pieces of counterfeit notes detected in FY17: RBI
It also said that barring Rs 100, the detection of counterfeit notes increased across denominations - notably, Rs 500 and Rs 1,000 -- during the last fiscal.
Aug 30, 2017, 19:05 PM IST
Demonetisation: 99% of banned Rs 500/100 notes worth Rs 15.28 lakh crore back in system, says RBI
The Reserve Bank revealed in its annual report for 2016-17 that Rs 15.28 lakh crore, or 99 percent of the Rs 15.44-lakh-crore scrapped currency notes, had come back to the central bank between the government’s demonetisation decision and June 30, 2017.
Aug 30, 2017, 17:30 PM IST
'Sans fund infusion, PSB mergers won't improve capitalisation'
The Union Cabinet's decision to speed up the merger of public sector banks (PSBs) will not improve their weak capitalisation without capital infusion from the government, Moody's Investors Service said on Monday.
Aug 28, 2017, 13:40 PM IST
BOI slashes savings rate to 3.5% for deposits up to Rs 50 lakh
Public lender Bank of India has reduced interest rate on savings bank accounts by 50 basis points to 3.5 percent on deposits of up to Rs 50 lakh.
Aug 24, 2017, 12:43 PM IST
Bank strike today: Things you must know
Normal banking operations have been hit as public sector bank employees went on a one-day nationwide strike on Tuesday to protest against the government's proposed consolidation move, besides raising other demands.
Aug 22, 2017, 12:53 PM IST
Ajay Vipin Nanavati appointed chairman of Syndicate Bank
In 2015, the government had bifurcated the posts of chairman and managing directors in public sector banks.
Aug 21, 2017, 17:48 PM IST
Dena Bank cuts savings rate by 0.5% on deposits up to Rs 25 lakh
Those having deposits over Rs 25 lakh in their savings bank accounts will continue to get the existing interest of 4 per cent.
Aug 21, 2017, 15:58 PM IST
Defaulters owe 27% of total amount to SBI alone, PNB next
Punjab National Bank (PNB) is next on the list with 1,120 wilful defaulters having outstanding non-performing assets (NPAs) or bad loans of Rs 12,278 crore.
Aug 20, 2017, 16:14 PM IST
Bank strike on August 22: All you need to know
In order to protest against the banking reforms proposed by the Centre, the bank employees are calling strike on August 22.
Aug 17, 2017, 17:39 PM IST
Govt to initiate banks' consolidation process after Q1 numbers
There are factors like regional balance, geographical reach, financial burden and smooth human resource transition that have to be looked into while taking a merger decision, the official said, adding that there should not be merger of a very weak bank with a strong one as it could pull the latter down.
Aug 09, 2017, 17:59 PM IST
Bank unions call for all-India strike on August 22
Bank employee unions have called for a nation-wide strike on August 22 to protest against privatisation and merger of public sector banks, among other demands, a union leader said on Monday.
Aug 07, 2017, 19:26 PM IST
12 PSU banks firming plans to raise funds from markets
Board of PNB has given its approval for raising equity capital to the tune of Rs 3,000 crore through FPO, QIP or rights issue.
Aug 06, 2017, 16:53 PM IST
Banks' exposure to telecom sector at Rs 97,681 crore: Arun Jaitley
Finance Minister Arun Jaitley on Tuesday said banks have an exposure of Rs 97,681 crore in the telecom sector, which is grappling with financial stress.
Jul 25, 2017, 20:21 PM IST
Nine out of 21 public sector banks reported losses in FY17
Nine of the 21 public sector banks, including IDBI Bank and Indian Overseas Bank, reported losses during 2016-17, the parliament was informed on Tuesday.
Jul 18, 2017, 15:28 PM IST
Banks have no liability for loss of valuables in lockers: RBI
Stung by the revelation, the lawyer who had sought information under the transparency law has now moved the Competition Commission of India (CCI) alleging "cartelisation" and "anti-competitive practices" by the banks in respect of the locker service.
Jun 25, 2017, 13:23 PM IST
SBI chief's salary zilch compared to counterparts in private banks
In comparison, ICICI Bank MD and CEO Chanda Kochhar received a basic salary of Rs 2.66 crore last fiscal besides Rs 2.2 crore performance bonus.
Jun 25, 2017, 11:28 AM IST
Bankers to meet from Monday to decide on large defaulters
Bankers are meeting from Monday to finalise their next course of action on six of the 12 bad loan accounts for immediate referral to NCLT after the RBI named the largest defaulters to face bankruptcy proceedings.
Jun 18, 2017, 15:28 PM IST
PSU banks may need more than budgeted capital infusion: Mundra
RBI Deputy Governor S S Mundra has said public sector banks may require more than the budgeted Rs 10,000 crore capital infusion from the government in the current fiscal on account of higher provisioning for bad loans and haircut on stressed assets.
Jun 17, 2017, 11:02 AM IST
Banks may need additional Rs 10K crore infusion for bad loans: Mundra
RBI Deputy Governor S S Mundra on Friday said public sector banks may require more than Rs 10,000 crore capital infusion from the government than budgeted for the current fiscal on account of higher provisioning for bad loans and haircut on stressed assets.
Jun 16, 2017, 15:47 PM IST
