Tag archive for ‘banks’
By Loknath Das On Thursday, October 26th, 2017
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Sensex, Nifty hit historic high, banks steal show after govt’s recapitalisation plan

The BSE Sensex on Wednesday soared to the life-time high of 33,117.33 and the NSE Nifty scaled the historic 10,340.55 mark in opening trade as banking stocks rallied after the government announced a mega Rs 2.11 More...

By Loknath Das On Saturday, September 16th, 2017
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Indian Banks Need $65 Billion Capital To Meet Basel Norms By March 2019: Fitch

Mumbai: Indian banks will need additional capital of $65 billion to meet all of global Basel III banking rules by March 2019, with state-run lenders accounting for 95 per cent of the requirements, Fitch Ratings More...

By Loknath Das On Wednesday, September 13th, 2017
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Sensex Extends Rally, Nifty Above 10,050; PSU Banks Gain

The BSE Sensex and Nifty extended gains in the noon trade with fresh buying coming in state-owned banks like SBI, Bank of Baroda. The Nifty was up 0.53 per cent at 10,059.25 as of 12.45 pm, while the benchmark More...

By Loknath Das On Tuesday, September 12th, 2017
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Indian banks need additional $65 billion capital to meet Basel III norms: Fitch

Indian Banks will require about $65 billion in additional capital, lower than estimated earlier, to meet the Basel III capital adequacy norms by March 2019 and push loan growth, Fitch Ratings said on Tuesday. Weak More...

By Loknath Das On Friday, September 8th, 2017
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Savings rate cut: These banks are still offering 6% interest, here’s a look

The savings account rate is at its lowest in six years, which is directly affecting small savers. Latest entrant in the list of banks reducing rates is Canara Bank. On Friday, the bank cut the interest rate of More...

By Loknath Das On Tuesday, September 5th, 2017
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Nationalised Banks Exempted From CCI Approval For Mergers

New Delhi: Paving way for fast-tracking consolidation in PSU banking space, the government has exempted mergers of nationalised banks from seeking fair trade watchdog CCI’s approval. This exemption will be More...

By Loknath Das On Thursday, August 31st, 2017
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Nationalised Banks Exempted From CCI Approval For Mergers

New Delhi: Paving way for fast-tracking consolidation in PSU banking space, the government has exempted mergers of nationalised banks from seeking fair trade watchdog CCI’s approval. This exemption will be More...

By Loknath Das On Wednesday, August 30th, 2017
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PSU Banks Take Recovery Action Against 5,954 Wilful Defaulters

New Delhi: Public sector banks have taken loan recovery action under Sarfaesi law against 5,954 wilful defaulters owing about Rs. 70,000 crore to the lenders. At the end of March 31, 2017, 21 banks together have More...

By Loknath Das On Friday, August 25th, 2017
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SBI Chief Says Mergers Can Reduce PSU Banks’ Need For Government Capital

Mumbai: State Bank of India chairperson Arundhati Bhattacharya on Tuesday called for more consolidation among the public sector banks, saying this could reduce their dependence on government for capital. The statement More...

By Loknath Das On Friday, August 25th, 2017
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Banks Stare At Union Strike On August 22

New Delhi: Services at public sector banks may take a hit on Tuesday as all unions under the aegis of UFBU (United Forum of Bank Unions) have threatened to go on strike against the government’s proposed consolidation More...