FM Goyal to meet heads of 13 PSBs on Tuesday

Jun 18 2018

Finance Minister Piyush Goyal will meet heads of 13 public sectors banks (PSBs) tomorrow to resolve various issues concerning them.

Scam-hit PNB's capital adequacy fall below regulatory requirement

Jun 13 2018

Fraud-hit Punjab National Bank's capital adequacy has fallen short of the regulatory requirement of Reserve Bank of India due to unprecedented loss in the fourth quarter of 2017-18.

RBI Governor seeks more powers to effectively regulate PSBs

Jun 12 2018

RBI Governor Urjit Patel made a strong case for more powers to effectively regulate public sector banks (PSBs) as lawmakers asked him tough questions over increasing bad loans and frauds.

No RBI nominee should be on banks' boards, says Patel

Jun 12 2018

No central bank nominee should be on the boards of public sector banks (PSBs) to avoid "any conflict of interest", RBI Governor Urjit Patel said.

RBI needs more powers to oversee PSB: Governor to panel

Jun 12 2018

The Reserve Bank needs more powers to oversee public sector banks (PSBs), Governor Urjit Patel told a parliamentary panel today amid mounting bad loans in state-run lenders.

Coming years challenging for banks, need to look beyond NPAs: SBI

Jun 11 2018

The coming years will be very challenging for banks which will have to look beyond the bad loan resolution and address pressing issues such as frauds, cyber security and governance, SBI has said.

AIBEA urges RBI to revoke lending restrictions on Dena Bank

Jun 11 2018

The All India Bank Employees Association (AIBEA) has urged RBI governor Urjit Patel to revoke lending restrictions on Dena Bank, claiming the move will deteriorate its financial health further.

FM Goyal announces committee to set up Asset Reconstruction Co

Jun 08 2018

Piyush Goyal announced setting up of a committee to give recommendations in two weeks on formation of an Asset Reconstruction Company for faster resolution of stressed accounts.

India may cut expenditure to stick to 3.3% fiscal deficit: Moodys

Jun 07 2018

Moody's Investors Service today said it expects India to stick to the estimated fiscal deficit of 3.3 per cent of GDP and even cut capital expenditure to offset any slippage from the budgeted target.

FM Goyal to meet heads of PSU banks tomorrow

Jun 07 2018

Finance Minister Piyush Goyal will meet heads of public sectors banks (PSBs) based out of western and southern regions tomorrow to resolve various issues concerning them.

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