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Bank of Baroda's total business takes Rs 90,000-crore hit in 2015-16

Bank of Baroda's total business takes Rs 90,000-crore hit in 2015-16

Shrinking loan portfolio and deposit base squeezed total business of state-owned Bank of Baroda (BoB) by nearly Rs 90,000 crore in 2015-16 despite a robust GDP growth of 7.6 percent during the fiscal.

RBI retains 'too big to fail' tag for SBI, ICICI Bank

RBI retains 'too big to fail' tag for SBI, ICICI Bank

RBI on Thursday retained 'too big to fail' tag for the state-owned SBI and private lender ICICI Bank for the second year in a row, calling them systemically important banks for 2016 requiring higher level of supervision.

SBI clears merger of associate banks with itself

SBI clears merger of associate banks with itself

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 Fear of CBI bizzare; apply wisdom in funding NPA: Panel to banks

Fear of CBI bizzare; apply wisdom in funding NPA: Panel to banks

Finding banks working under the fear of CBI and CVC as "bizzare", a Parliamentary panel has asked lenders to take decision on financing of stressed assets as per their "own wisdom" and on the basis of the project's viability.

Post offices to be converted into payment banks

Post offices to be converted into payment banks

Post offices across the country will be converted into "payment banks", Prime Minister Narendra Modi said on Monday.

Electronic banking transactions: Customer not liable if fraud due to bank's fault

Electronic banking transactions: Customer not liable if fraud due to bank's fault

Amid rise in cases of unauthorised electronic banking transactions, RBI has proposed that customer will have no or zero liability in case of fraud being committed because of bank's negligence or third breach.

RBI clears the decks for on-tap banking, bars big corporates

RBI clears the decks for on-tap banking, bars big corporates

Paving the way for entry of new players in banking sector, the Reserve Bank Monday heralded 'on tap' universal banking licence regime, but excluded large industrial houses from the purview though they can invest up to 10 percent in new banks.

Steel industry owes Rs 3,00,000 crore to banks

Steel industry owes Rs 3,00,000 crore to banks

The steel industry has outstanding loans of around Rs three lakh crore in various banks, thus making the sector one of the largest contributors to non-performing assets (NPA) in the country.

15 banks to come up with unified payment interface by July 31

15 banks to come up with unified payment interface by July 31

In the latest, around 15 banks (public and private) are preparing to come up with the unified payments interface (UPI) starting July 31. 

IOB, Central Bank to benefit from capital infusion: Moody's

IOB, Central Bank to benefit from capital infusion: Moody's

Indian Overseas Bank and Central Bank of India will benefit from the government's recent capital infusion as they have got a higher share as a proportion of their share capital, Moody's said on Monday.

SC issues notice to Vijay Mallya for not disclosing assets

SC issues notice to Vijay Mallya for not disclosing assets

The Supreme Court on Monday issued notice to Vijay Mallya on plea seeking contempt proceedings against him alleging that he has not given full details of his assets.

Vijay Mallya's loan default case: DRT to resume hearing on UBHL's plea countering banks

Vijay Mallya's loan default case: DRT to resume hearing on UBHL's plea countering banks

The Debt Recovery Tribunal in Bengaluru will resume its hearing Monday on the application filed by UBHL and Vijay Mallya seeking cross-examination the "shady" documents submitted by the consortium of bankers with regard to Rs 6,000 crore, which allegedly did not even have the seals of the parties.

Banks can't get 'blanket relief' from CBI, CVC actions: Raghuram Rajan

Banks can't get 'blanket relief' from CBI, CVC actions: Raghuram Rajan

Amid a clamour among bankers for immunity from action by agencies like CBI and CVC, Reserve Bank Governor Raghuram Rajan has disapproved of any "blanket sort of relief" but wants the decisions on loans given after appropriate due diligence to be protected.

Banks move SC seeking contempt action against Vijay Mallya; hearing on July 18

Banks move SC seeking contempt action against Vijay Mallya; hearing on July 18

A bench comprising Justices Kurian Joseph and R F Nariman agreed to hear the fresh interim application of banks on July 18 after Attorney General Mukul Rohatgi mentioned it for urgent hearing.

Sensex edges up; investors turn cautious ahead of quarterly results

Sensex edges up; investors turn cautious ahead of quarterly results

Indian shares rose marginally on Thursday after falling earlier in the session as investors remained watchful ahead of quarterly corporate results and an expected government announcement on who would take over as the country`s next central bank chief.

India's banking faces stress due to 'stalling' in 2011-13: SBI

India's banking faces stress due to 'stalling' in 2011-13: SBI

India's banking sector currently faces some stress mainly due to "stalling" of projects between 2011-2013 and efforts are being made to ensure the "de-bottlenecking" of these projects, SBI Chairman Arundhati Bhattacharya said.

Got fake currency notes from ATM? Here is what you should do

Got fake currency notes from ATM? Here is what you should do

You must ask him about the whereabouts of register where you can record the number of faulty currency notes, transaction ID, date and timings of the transaction.

Now, Lexit: London wants to stay with EU, says petition

Now, Lexit: London wants to stay with EU, says petition

 Will Brexit threaten London's long-booming economy? The British capital fears investors and bankers could flee the city after the shock nationwide vote, threatening its coveted reputation as a global financial hub.

'Bank mergers likely to happen after SBI consolidation'

'Bank mergers likely to happen after SBI consolidation'

Consolidation among public sector banks (PSBs) is expected to happen only after the completion of merger between SBI and its associates, a senior finance ministry official said.

Reconsider decision on merger of SBI associates: Bank Union

Reconsider decision on merger of SBI associates: Bank Union

A bank employees' union on Saturday urged the Centre to reconsider its decision on merging SBI associate banks with the parent State Bank of India.