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Bhushan Steel resolution effect: PNB sees Rs 7.35 bn boost in profits

After the buyout, PNB and other lenders will continue to own 12 per cent in the acquired entity, giving them the opportunity to cash out later when valuation of the company goes up
Finance

Bhushan Steel resolution effect: PNB sees Rs 7.35 bn boost in profits

After the buyout, PNB and other lenders will continue to own 12 per cent in the acquired entity, giving them the opportunity to cash out later when valuation of the company goes up

Wilful defaults by PNB's big borrowers slip further to Rs 152 bn by Apr-end

Big wilful defaulters are categorised by PNB as those borrowers with loan outstanding of Rs 2.5 million and over
Finance

Wilful defaults by PNB's big borrowers slip further to Rs 152 bn by Apr-end

Big wilful defaulters are categorised by PNB as those borrowers with loan outstanding of Rs 2.5 million and over

CBI may seek red corner notice from Interpol against Nirav Modi, Choksi

The PNB had approached the CBI with a complaint on the basis of which the agency had registered an FIR against Modi
Finance

CBI may seek red corner notice from Interpol against Nirav Modi, Choksi

The PNB had approached the CBI with a complaint on the basis of which the agency had registered an FIR against Modi

PNB refuses to disclose details of Nirav Modi scam as it may hamper probe

The bank was asked to provide details of inspection that resulted in detection of the fraud and provide a copy of inspection reports
Finance

PNB refuses to disclose details of Nirav Modi scam as it may hamper probe

The bank was asked to provide details of inspection that resulted in detection of the fraud and provide a copy of inspection reports

Bank of India to get Rs 19.93 bn from Tata Steel-Bhushan Steel deal

In the first list of 12 accounts sent to NCLT for resolution under Insolvency and Bankruptcy Code (IBC), BoI's exposure was Rs 83 billion. In the second list of 27 accounts, it was Rs 30 billion
Finance

Bank of India to get Rs 19.93 bn from Tata Steel-Bhushan Steel deal

In the first list of 12 accounts sent to NCLT for resolution under Insolvency and Bankruptcy Code (IBC), BoI's exposure was Rs 83 billion. In the second list of 27 accounts, it was Rs 30 billion

Union Bank receives board's approval to raise Rs 74 bn in current fiscal

The bank has capped the money to be raised from additional tier I (ATI) bonds or tier 2 bonds to Rs 37 billion within the overall capital raising limit of Rs 74 billion
Finance

Union Bank receives board's approval to raise Rs 74 bn in current fiscal

The bank has capped the money to be raised from additional tier I (ATI) bonds or tier 2 bonds to Rs 37 billion within the overall capital raising limit of Rs 74 billion

Why RBI putting state-run banks under PCA does not panic depositors

A panic, in fact, is in the stock market, where the shares of these banks have been clobbered; this relative tranquility is a contrast with the developments in the undivided UTI of 2001
Finance

Why RBI putting state-run banks under PCA does not panic depositors

A panic, in fact, is in the stock market, where the shares of these banks have been clobbered; this relative tranquility is a contrast with the developments in the undivided UTI of 2001

Why RBI putting state-run banks put under PCA does not panic depositors

A panic, in fact, is in the stock market, where the shares of these banks have been clobbered; this relative tranquility is a contrast with the developments in the undivided UTI of 2001
Finance

Why RBI putting state-run banks put under PCA does not panic depositors

A panic, in fact, is in the stock market, where the shares of these banks have been clobbered; this relative tranquility is a contrast with the developments in the undivided UTI of 2001

HDFC's subsidiary HDB to raise $150 mn from IFC in senior debt investment

The proposed IFC debt facility will enable HDB to expand its individual micro & small business loan portfolio in the low-income states (LIS) of India
Finance

HDFC's subsidiary HDB to raise $150 mn from IFC in senior debt investment

The proposed IFC debt facility will enable HDB to expand its individual micro & small business loan portfolio in the low-income states (LIS) of India

80% of Indians now have a bank account. So why is financial inclusion low?

No more than 1% of PMJDY account holders-3.1 million beneficiaries-use overdraft facilities available to them, and 17% of PMJDY accounts are 'zero-balance'
Finance

80% of Indians now have a bank account. So why is financial inclusion low?

No more than 1% of PMJDY account holders-3.1 million beneficiaries-use overdraft facilities available to them, and 17% of PMJDY accounts are 'zero-balance'

Rupee crashes by 56 paise to close below 68 level against US dollar

The domestic currency closed sharply down at 68.07/08 per dollar against the previous close of 67.51 per dollar on heavy dollar demand
Finance

Rupee crashes by 56 paise to close below 68 level against US dollar

The domestic currency closed sharply down at 68.07/08 per dollar against the previous close of 67.51 per dollar on heavy dollar demand

Free banking services, including ATM withdrawal out of GST: FinMin official

The Department of Financial Services had approached its revenue counterpart to clear the confusion over the levy of GST on some of the free services offered by banks to their customers.
Finance

Free banking services, including ATM withdrawal out of GST: FinMin official

The Department of Financial Services had approached its revenue counterpart to clear the confusion over the levy of GST on some of the free services offered by banks to their customers.

Two independent directors quit IDBI days after FIR in Aircel loan case

Ninad Karpe and S Ravi, were named in the FIR filed by the CBI in connection with a Rs 6 bn loan given by the bank to former Aircel promoter C Sivasankaran, his son and companies controlled by him
Finance

Two independent directors quit IDBI days after FIR in Aircel loan case

Ninad Karpe and S Ravi, were named in the FIR filed by the CBI in connection with a Rs 6 bn loan given by the bank to former Aircel promoter C Sivasankaran, his son and companies controlled by him

PNB fraud: CBI names 2 EDs, ex-CEO Usha Ananthasubramanian in charge sheet

Central Bureau of Investigation (CBI) found their involvement in the Rs 140 billion fraud related to group of companies belonging to Nirav Modi and Mehul Choksi
Finance

PNB fraud: CBI names 2 EDs, ex-CEO Usha Ananthasubramanian in charge sheet

Central Bureau of Investigation (CBI) found their involvement in the Rs 140 billion fraud related to group of companies belonging to Nirav Modi and Mehul Choksi

RBI makes paperwork simple on Bank of International Settlements nudge

The RBI now brings in important and contentious changes directly through voluminous Master Directions, or Master Circulars
Finance

RBI makes paperwork simple on Bank of International Settlements nudge

The RBI now brings in important and contentious changes directly through voluminous Master Directions, or Master Circulars

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