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PSU banks to hit market after Oct to raise capital: Sandhu

Last Updated: Thursday, July 31, 2014, 18:24

Government shareholding in various banks varies between 56.26 percent to 88.63 percent.

SBI Capital to make report on PSU bank merger within a month

Last Updated: Thursday, July 31, 2014, 16:53

The Finance Ministry has appointed SBI Capital Markets to undertake a study on mergers as well as recapitalisation of state-owned banks and the report is likely to be finalised within a month.

Modi will launch financial inclusion campaign: Jaitley

Last Updated: Thursday, July 31, 2014, 15:25

Prime Minister Narendra Modi will launch the government's campaign for financial inclusion to ensure that 7.5 crore households that do not have access to banking have at least two accounts.

Kenya to manage blood banks electronically

Last Updated: Thursday, July 31, 2014, 10:28

Kenyans will soon be able to ascertain about their blood donation suitability via an electronically generated short message, as a blood agency is preparing itself for a digital mechanism to monitor its blood banks.

Arun Jaitley to meet heads of PSU banks today

Last Updated: Thursday, July 31, 2014, 09:12

Finance Minister Arun Jaitley will hold his first meeting with all the heads of public sector banks and financial institutions on comprehensive financial inclusion agenda Thursday.

Arun Jaitley to meet heads of PSU banks on financial inclusion tomorrow

Last Updated: Wednesday, July 30, 2014, 16:28

Finance Minister Arun Jaitley will hold his first meeting with all the heads of public sector banks and financial institutions on comprehensive financial inclusion agenda Thursday.

Eurozone banks ease loan conditions for businesses: ECB

Last Updated: Wednesday, July 30, 2014, 16:19

Banks in the eurozone eased credit standards for loans to businesses in the second quarter for the first time since 2007, the European Central Bank said Wednesday.

Working moms balance life better than working dads: Banks

Last Updated: Tuesday, July 29, 2014, 12:51

`Hunger Games` star Elizabeth Banks admits it is hard to manage acting career, marriage and family around her.

Not considering any proposal for merger with United Bank: IDBI Bank

Last Updated: Tuesday, July 29, 2014, 10:50

State-owned IDBI Bank has said it is not considering any proposal to merge Kolkata-based United Bank of India with itself.

Arun Jaitley to meet heads of PSU banks on Thursday

Last Updated: Monday, July 28, 2014, 17:25

Finance Minister Arun Jaitley is scheduled to hold his first meeting with all the heads of the public sector banks on July 31 and is expected to impress upon them the need to lower interest rates for boosting growth.

Central Bank to sell 4% stake to LIC for Rs 581 cr

Last Updated: Sunday, July 27, 2014, 11:54

The government has earmarked only Rs 11,200 crore for fund infusion into public sector banks this current fiscal, down from Rs 14,000 crore last fiscal.

CBI registers preliminary inquiry against Adani Group

Last Updated: Thursday, July 24, 2014, 22:57

CBI has begun an inquiry into the alleged inflated credit facility availed from banks by Adani Group by over-invoicing for importing power sector equipment to the tune of Rs 2300 crore.