Finance Minister Piyush Goyal will meet heads of 13 public sectors banks (PSBs) tomorrow to resolve various issues concerning them.
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 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 central bank nominee should be on the boards of public sector banks (PSBs) to avoid "any conflict of interest", RBI Governor Urjit Patel said.
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.
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.
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.
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.
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.
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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