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Chanda Kochhar of ICICI Bank. (Photo: File)

'Chanda Kochhar draws Rs 6.09 cr remuneration in FY17'

Total compensation paid to our MD and CEO in FY17 stood at Rs 6.09 crore not Rs 7.84 crore.

30 May 2017 10:27 AM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

'RBI unlikely to cut rates; to be less hawkish at next policy'

MPC may choose to observe the actual progress of the monsoon and the adjustment during the transition to the GST.

29 May 2017 2:49 PM IST

Demonetised notes in circulation are worth over Rs 14 lakh crore. If people are holding this entire sum legally, then banks will get back Rs 14 lakh crore by March 31, 2017 .

Banks flush with cash, likely to cut rates soon

According to industry sources, all banks put together must have collected deposits worth over Rs 2 lakh crore in the...

12 Nov 2016 3:37 AM IST

In December last year, Canara Bank had said it proposes to bring down stake in its housing finance subsidiary CanFin Homes to 30 per cent.

Canara Bank's gross NPA divergence Rs 507cr for FY16

Bank assessed its net NPAs at Rs 20,832.91 crore while the RBI's assessment was Rs 20,863.06 crore.

22 July 2017 12:38 PM IST

New Rs 20 notes are on anvil.

Rs 20 notes in Mahatma Gandhi series to be out soon

New notes will be bearing inset letter 'S' in number panel and signature of Governor Urjit R Patel.

19 July 2017 6:31 PM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Banks to take Rs 2.4 trn haircut to resolve top 50 NPA

Haircuts have been classified into four categories marginal, moderate, aggressive and deep.

19 July 2017 4:17 PM IST

S&P corporates and banks are likely to face short-term downside risk as the demonetisation-induced cash crunch will curtail GDP growth.

Parl panel may finalise report on note ban on Thursday

Panel has called representatives of IT industry body Nasscom for a presentation on digital payments.

19 July 2017 3:38 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI not reviewing 90-day NPA classification window: Govt

Gross of NPAs of the public sector banks totalled more than Rs 6.41 lakh crore at March end.

18 July 2017 4:36 PM IST

The merger proposals in the banking sector would require a clearance from the Competition Commission of India, the ministry official said.

IBC: Banks to set aside Rs 18,000 cr in FY18, expect 25 per cent...

SBI had conceded that it will require more provisions but ruled out big impact on profits.

18 July 2017 2:31 PM IST

RBI Governor Urjit Patel (Photo: PTI)

Board recommended note ban after govt advice: RBI to Parliament panel

Some ministers have thus far maintained that the govt had only acted on RBI recommendation of demonetisation.

10 Jan 2017 5:17 PM IST

RBI Governor Urjit Patel

RBI to go for 25 bps rate cut in 2017: Citigroup

Global financial services major says monetary easing support to rates is waning as mantle is passed on to fiscal policy.

10 Jan 2017 4:16 PM IST

The RBIs asset quality review (AQR) in 2015 was an important catalyst in pushing banks to recognise some large accounts as being impaired.

Moody's sees no end to banks' bad loan problem

According to Moody's, such pressure on asset quality largely reflects the system's legacy problems.

10 Jan 2017 3:54 AM IST