Moody's base case assumes a sharp contraction in the Indian economy in fiscal 2021 before returning to modest growth in fiscal 2021
21 Aug 2020 2:06 PM
A bank can continue to buy group insurance covers with any number of insurance companies for the insurance needs of its customers.
29 Jan 2020 1:40 AM
Interviews for the post were held in the last week of October, in which 17 candidates appeared from both SBI and other public sector banks.
20 Jan 2020 1:44 AM
Banks disbursed Rs 2.52 lakh crore of loans in October and Rs 2.39 lakh crore in November.
03 Dec 2019 7:40 PM
The centre has infused Rs 2 lakh crore as capital into various banks during the past three years.
29 Nov 2019 3:27 PM
Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.
01 Nov 2019 2:26 PM
Four unions of bank officers had threatened to go on a two-day strike from September 26 to protest against merger.
24 Sep 2019 8:57 AM
The finance ministry will also discuss ways in which PSBs can offer doorstep banking facility.
19 Sep 2019 8:50 AM
Last week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders.
03 Sep 2019 3:46 PM
All the general secretaries of all banks' officers associations will meet there and finalise the action program to oppose the merger.
03 Sep 2019 2:59 PM
Shares of Corporation Bank tanked 9.28 per cent to Rs 17.10, Punjab National Bank plunged 8.54 per cent to Rs 59.40.
03 Sep 2019 1:11 PM
The board shall consider capital infusion up to Rs 18,000 crore in its meeting scheduled on September 5, 2019, PNB said.
02 Sep 2019 8:16 PM
Investors would also monitor other key factors such as movement of rupee, crude oil and investment trend by overseas investors.
01 Sep 2019 6:15 PM
I have very clearly underlined the fact that there shall not be one employee removed, said Finance Minister Nirmala Sitharaman.
01 Sep 2019 4:55 PM
The merger of PSBs is imperative for India to become a five trillion dollar economy in the next five years.
31 Aug 2019 12:24 PM
Manufacturing output and subdued farm sector activity pulled down India's GDP growth to 5 pc in April-June quarter.
31 Aug 2019 11:08 AM
Number of public sector banks falls to 12, from 27 in 2017.
31 Aug 2019 1:46 AM
Non-performing assets have also been brought down from Rs 8.65 lakh crore to Rs 7.9 lakh crore.
30 Aug 2019 4:55 PM
The June quarter GDP numbers due this week will mark a slowdown from March quarter's 5.8 per cent year-on-year.
26 Aug 2019 2:54 PM
The appointments will be for three years.
20 Aug 2019 3:26 PM