banking sector
Some 300,000 employees of Indian state-led banks strike against mergers
Government may call it a merger but in reality it is cold-blooded murder of six banks,” a release by the bank unions said.
Banking services affected partially due to strike call by two unions
Public sectors bank branches in urban areas of the country are, however, operational as officers these banks are not part of strike.
Over Rs 81,700 cr disbursed by banks during 9-day loan mela: FinMin
FM said that banks have been asked to provide bill discounting facility to the MSME sector against payments due from the large corporates.
RBI proposes Rs 200 cr minimum capital for small banks
The foreign shareholding in the small finance bank would be as per the extant FDI policy for private sector banks.
RBI increases banks' loan exposure limit to single NBFC
RBI increased loan exposure limit of banks to a single NBFC from 15 per cent to 20 per cent.
PSB stocks plunge up to 9.3 per cent post merger announcement
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.
Govt to infuse Rs 55,250 cr for strengthening banks, push lending
Bank of Baroda will get Rs 7,000 crore, Indian Overseas Bank Rs 3,800 crore and Central Bank of India Rs 3,300 crore.
Home, auto, other retail loans to become cheaper: Sitharaman
The move will also lead to cheaper working capital loans for industry.
Govt announces raft of measures to boost economy; more steps on anvil
The government has set fiscal deficit target of 3.3 per cent of the GDP for the current fiscal.
FinMin asks PSBs to seek ideas from branches to streamline banking sector
The campaign comes at a time when the economy is facing headwind and it has slowed to a 5-year low of 6.8 per cent.