Recently Punjab National Bank got board approval to raise Rs 1,000 crore from market through bonds
Earlier this week, a meeting with the Chief Labour Commissioner remained inconclusive, AIBOC President Sunil Kumar said
Is it time to review the need to maintain CRR funds with the central bank?
Besides, uncertainty over the capital infusion proposal for the public sector banks (PSBs) under the upcoming Union Budget for 2020-21 has also soured investor sentiment.
With this, analysts believe, the RBI intends to lower yields on long-term bonds, and keep the liquidity at the system level intact. The move will allow the government to borrow at lower cost.
State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of Rs 1,55,603 crore and Rs 1,53,871 crore respectively
On Thursday, the Reserve Bank of India (RBI) lowered its gross domestic product (GDP) growth forecast for the financial year 2019-20 (FY20) to 5 per cent, from the previously estimated 6.1 per cent.
From Rs 2.5 trillion loan disbursement by PSUs to DHFL's audit report, Business Standard bring you the top business headlines for the day
An amount of Rs 1.05 lakh crore was fresh lending, the Department Financial Services said in a statement.
Banks may report higher NPAs on account of DHFL, Coffee Day Enterprises, Cox & Kings, and possibly Vodafone Idea in the coming quarters
Central Bank of India, United Bank of India, Syndicate Bank, Andhra Bank and Bank of India were up in the range of 5-12 per cent.
Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including progress on credit offtake, as part of efforts to prop up the economy. The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said. Banks are expected to present report card on partial credit guarantee scheme and fund raising from market to enhance their capital base. The Centre in August issued guidelines on operationalising Rs 1 lakh crore partial guarantee scheme under which PSBs can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs). NBFCs, including housing finance companies (HFCs), came under stress following a series of defaults by the group companies of IL&FS in September last year. Besides, the meeting will also assess the progress of first phase of outreach programme held across 226 districts across the ...
Based on publically available data, analysts at Macquarie said in a recent report that YES Bank, Bank of Baroda (BOB) and IndusInd Bank are the most exposed to Indiabulls Group
Here's a selection of Business Standard opinion pieces for the day
Banks to take cue from merger of BoB, Vijaya Bank, and Dena Bank
The report said the Department of Financial Services should work with PSU banks to bring in more efficiency to their work and reduce fraud and security risks
Currently, the portal gives in-principle approval for loans of up to Rs 1 crore to micro, small and medium enterprises in just 59 minutes or less than an hour
As per the Banks Board Bureau's (BBB) recruitment notice, candidates including from the private sector can apply for the vacancies at the four banks till September 23
The government has allowed the NBFCs and HFCs to buy back their assets 'after a specified period of 12 months' as a repurchase transaction, on a right of first refusal basis
According to sources, the meeting will also review progress of resolution of NPAs under Insolvency and Bankruptcy Code