TheNewsClues
Clues by Admin • 23 Aug 2018, Thursday
A group of lenders, including Bank of India, State Bank of India (SBI), Allahabad Bank and Dena Bank, is planning to jointly dispose of distressed loans amounting to over Rs 7,300 crore in the first half of September. Bank of India ... Continue Reading
Read More at The Economic Times
Clues by Admin • 9 Jul 2018, Monday
Public sector banks are planning to raise more than Rs 50,000 crore this fiscal to shore up their capital base for business growth and meeting regulatory global risk norms. PSU banks as they are saddled with non-performing assets (NPAs) of about ... Continue Reading
Clues by Admin • 29 Jun 2018, Friday
Despite India’s clampdown on suspected black money stashed abroad, money deposited by Indians in Swiss banks rose over 50% to CHF 1.01 billion (Rs 7,000 crore) in 2017 after a three year downward trend. The total funds held by all foreign clients ... Continue Reading
Read More at Livemint
Clues by Admin • 13 Jun 2018, Wednesday
The United Forum of Bank Unions on Tuesday threatened to intensify their stir in July and August against the 'meagre' 2% salary hike, officials said. The bank employees had observed a two-day strike on May 30 and 31 against the hike. "Prior ... Continue Reading
Read More at Times of India
Clues by Admin • 11 Jun 2018, Monday
RBI has asked payment services firms to provide a fortnightly update on action taken by them to store transaction data in the country. “You are hereby advised to inform the status of ensuring compliance…The same shall ... Continue Reading
Read More at The Financial Express
Clues by Admin • 11 Jun 2018, Monday
The cumulative loss of 19 out of 21 public sector banks (PSBs) crossed a whopping Rs 87,357 crore in the FY18, led by PNB at nearly Rs 12,283 crore and followed by IDBI Bank at Rs 8,237.93 crore. Only two PSBs, Indian Bank and Vijaya ... Continue Reading
Read More at The Economic Times
Clues by Admin • 31 May 2018, Thursday
With over 10 lakh bank employees going on a two-day nationwide strike, transactions worth Rs 21,700 crore could not be conducted on the first day. At least 85,000 bank branches remained closed. News of cash shortages were reported across ATMs in several states. ... Continue Reading
Read More at Times Now
Clues by Admin • 30 May 2018, Wednesday
Banking activities in public sector banks across the country have been interrupted as employees go on two-day nation-wide strike against a meagre 2% salary hike offered by the management - Indian Banks Association. The United Forum of Banking Unions (UFBU), ... Continue Reading
Read More at Hindustan Times
Clues by Admin • 30 May 2018, Wednesday
The government is expecting the state-run banks to trim their bad loans by as much as Rs 3 lakh crore this financial year, mostly through debt resolution plans under the Insolvency and Bankruptcy Code (IBC). It is hopeful that public sector ... Continue Reading
Read More at The Economic Times
Clues by Admin • 25 May 2018, Friday
India’s banking story offers a very contrasting read. State-run banks like SBI reported a record $1 billion loss for the quarter ended March 31 and PNB reported India’s largest ever bank loss at over Rs 13,400 crore. In contrast, ... Continue Reading
Read More at The Economic Times
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