Major recovery for SBI, ICICI from Essar verdict

Secured financial creditors will recover 92 per cent of their exposure of Rs 42,000 crore to Essar Steel.

RBI revamps departments for effective supervision, regulation of banking sector

Reserve Bank had separate departments for supervisory, regulatory functions which were integrated into two unified departments.

PMC Bank came under stress due to alleged financial irregularities forcing the RBI to impose restriction on it.

Nirav Modi has been long fighting in the PNB scam, where he swindled away Rs 11,000 crore from Punjab National Bank.

Investors are not convinced about the ability of anchor banks to absorb their weaker partners.

The board shall consider capital infusion up to Rs 18,000 crore in its meeting scheduled on September 5, 2019, PNB said.

Choksi contended that the ED plea should have been accompanied by an affidavit revealing all contents but there was no such affidavit.

A penalty of Rs 50 lakh was imposed by the RBI on the bank.

Total income rose to Rs 15,161.74 crore during the June quarter of 2019-20, as against Rs 15,072.41 crore.

Allahabad Bank is the second state-owned lender to report a fraud by Bhushan Power and Steel Ltd (BPSL), to the RBI.