Tag archive for ‘banks’
By Loknath Das On Friday, August 24th, 2018
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Banks look to oust Lanco Devihalli from road project to recover loans

Lenders want to transfer the concession agreement from Lanco Devihalli to a new investor. Photo: Priyanka Parashar/Mint Mumbai: A consortium of lenders, led by the State Bank of India (SBI), is looking for a More...

By Loknath Das On Friday, August 24th, 2018
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Relax non-performing asset rules for Kerala loans: Banks 

Representative image. MUMBAI: Banks have made a representation to the Reserve Bank of India (RBI), seeking forbearance in loans to individuals and small businesses in Kerala. They have said that since the More...

By Loknath Das On Saturday, June 30th, 2018
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Banks mull common portal to offer competitive personal, housing & other retail loans

The government also wants PSBs to use new financial technologies to make business transactions quicker and hassle-free. NEW DELHI: State-run banks are mulling a common portal where they could offer competitive More...

By Loknath Das On Saturday, June 16th, 2018
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No research before ban: Was RBI reckless to stop banks from dealing with cryptocurrencies like Bitcoin?

The RBI on April 6 dealt a body blow to all the cryptocurrency exchanges and individuals doing virtual currency business in India by asking regulated institutions like banks to stop providing services to them. More...

By Loknath Das On Tuesday, April 17th, 2018
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Do we trust banks? We’re going to know soon

Australian banks look set to publicly report on how much their customers trust them, a move designed to give greater transparency to the industry’s bid to repair its battered reputation. Former auditor-general More...

By Loknath Das On Monday, February 26th, 2018
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PNB Fraud: ED writes to 16 other banks, seeks info on loans given to Nirav Modi, Mehul Choksi

The Enforcement Directorate (ED) seems to have turned the tide towards the other banks in the Rs 11,400-crore Punjab National Bank (PNB) fraud, which has shaken up the entire banking system in the country, hence More...

By Loknath Das On Wednesday, February 14th, 2018
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Banks Set To Raise Lending Rates, Pre-Empting RBI, Says Report

New Delhi/Mumbai: India’s struggling economy is facing a new challenge: banks are raising interest rates even though the Reserve bank of India (RBI) is leaving its rates unchanged, as risks such as surging More...

By Loknath Das On Friday, January 19th, 2018
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Strengthening Public Sector Banks Is Top Priority, Says Arun Jaitley

New Delhi: Having implemented the Goods and Services Tax (GST), Finance Minister Arun Jaitley today said strengthening the public sector banks is most important agenda for the next year. “There are important More...

By Loknath Das On Wednesday, January 17th, 2018
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Air India Joins Hands With 3 Banks For Loans For Three Boeing 777 Planes

Air India ties up with 3 banks for raising loans, says civil aviations minister Jayant Sinha New Delhi: State-owned Air India has tied up with UAE-based First Abu Dhabi Bank as well as Standard Chartered Bank More...

By Loknath Das On Wednesday, January 17th, 2018
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PSU Banks Face 1,463 NPA Accounts Of Rs. 100 Crore Each

Gross NPAs of state-owned banks stood at Rs. 7.34 lakh crore by the end of second quarter     HIGHLIGHTS In SBI, 265 accounts have bad loans of more than Rs. 100 crore each PNB has 143 NPA accounts More...