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Axis Bank to raise Rs 6,000 cr from bonds

Axis Bank to raise Rs 6,000 cr from bonds

Last Updated: Thursday, August 21, 2014, 22:18

Private sector player Axis Bank Thursday said it proposes to raise Rs 6,000 crore from bonds to fund its business growth.

Black money: "Some progress made by SIT", says SC

Black money: "Some progress made by SIT", says SC

Last Updated: Wednesday, August 20, 2014, 19:25

The Supreme Court on Wednesday said "some progress" has been made by SIT which has initiated steps for bringing back black money stashed away by Indian citizens in foreign banks.

Winsome Group's loan default smacks of criminal conspiracy?

Winsome Group's loan default smacks of criminal conspiracy?

Last Updated: Wednesday, August 20, 2014, 10:53

The documents raises suspicion that a part of the loan was diverted abroad to businesses outside India.

Government likely to split PSU bank CMD's post

Last Updated: Monday, August 18, 2014, 11:02

The government might also rejig the hierarchy in PSU banks in order to cut down political interference in its working.

China's bad bank loans climbs to $112.84 billion

Last Updated: Saturday, August 16, 2014, 09:49

The non-performing loans for commercial banks in China climbed to USD 112.84 billion in the last four months, registering a increase of 1.08 percent, and sparking concerns a slow economy could weigh on banks.

RBI, Cabinet Secy scrutinising appointments of PSB chiefs

Last Updated: Thursday, August 14, 2014, 21:39

A panel headed by RBI Governor selects PSU bank chiefs.

Finmin to finalise capital raising plan for PSU banks next month

Last Updated: Thursday, August 14, 2014, 18:25

The ministry has received the report from SBI Cap on the requirement of various public sector banks.

Asian shares rally as investors bank on endless stimulus

Last Updated: Thursday, August 14, 2014, 09:46

Asian shares pushed higher on Thursday after a flood of soft economic data led investors to wager on a ceaseless fountain of stimulus from major central banks, sending bond yields tumbling across the globe.

Govt to relook into PSU banks appointments

Last Updated: Thursday, August 14, 2014, 09:23

The govt has decided to relook into the matter of recent appointments of public sector bank chiefs during the erstwhile UPA-2 regime, as per media reports.

Merging strong banks ideal, need to be careful, says Rajan

Last Updated: Wednesday, August 13, 2014, 23:28

Amidst talks of consolidation in the banking sector, Reserve Bank Governor Raghuram Rajan on Wednesday stated merging strong banks will bode well for the economy while saying that one needs to be "very careful" in deciding who to merge with whom.

PSU banks may soon begin process to declare KFA wilful defaulter

Last Updated: Wednesday, August 13, 2014, 00:11

Three major PSU banks SBI, PNB and IDBI may soon initiate the process to declare Kingfisher Airlines and others as wilful defaulters after the firms failed to service their debt, sources said.

Banking Secy asks banks to declare Kingfisher Airlines as wilful defaulter

Last Updated: Tuesday, August 12, 2014, 13:40

Banking Secretary Gurdial Singh Sandhu on Tuesday asked banks to take action against Kingfisher Airlines by declaring the airline as wilful defaulter