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Vijay Mallya arrest: Legal process for extradition underway, says government

Vijay Mallya arrest: Legal process for extradition underway, says government

After liquor baron Vijay Mallya, wanted in India for defaulting on bank loans of over Rs 8,000 crore, was arrested and granted bail in London on Tuesday, the Indian government said the legal process for his extradition is underway in Britain.

Govt plans to change security marks of banknotes every 3-4 years

Govt plans to change security marks of banknotes every 3-4 years

To check counterfeiting, the government plans to change security features of higher denomination banknotes of Rs 2,000 and Rs 500 every 3-4 years in accordance with global standards.

Banks need Rs 91,000 crore capital to sustain 8-9% growth: Ind-Ra

Banks need Rs 91,000 crore capital to sustain 8-9% growth: Ind-Ra

Indian banks will require Rs 91,000 crore in tier-1 capital till March 2019 to sustain a minimum annual growth rate of 8-9 percent, according to a report by India Ratings and Research (Ind-Ra).

Centre forms panel to assess status of  Rs 5,00 and Rs 1,000 note ban

Centre forms panel to assess status of Rs 5,00 and Rs 1,000 note ban

The Centre on Tuesday constituted a committee comprising Additional Secretaries, Joint Secretaries and Directors to know the status of implementation of its recent decision to scrap 500 and 1000 rupees currency notes.

'Bachelors' in BJP did not realise it was wedding season: Ramdev's humorous take on Centre's currency ban

'Bachelors' in BJP did not realise it was wedding season: Ramdev's humorous take on Centre's currency ban

While the Centre has taken a number of calibrated measures aimed at easing the pressure on the common man, its decision to ban the old currency notes of Rs 500 and 1000 has still affected some families organising weddings this season.

Rahul Gandhi joins queue outside Delhi ATM 'in support of people'

Rahul Gandhi joins queue outside Delhi ATM 'in support of people'

Congress vice president Rahul Gandhi on Friday joined the common public, which had lined up outside the bank ATMs to exchange old currency notes, days after the Centre's announcement on demonetisation.

Don't panic, your money is safe, says Centre; there's enough cash, assures RBI

Don't panic, your money is safe, says Centre; there's enough cash, assures RBI

Both Centre and the RBI cautioned people on Friday not to panic and have some patience days after the demonetisation decision was announced.

Demonetisation of currency: Events as they unfolded on November 10, 2016

Demonetisation of currency: Events as they unfolded on November 10, 2016

In a big relief for common man, banks re-opened on Thursday to dispense new notes in exchange for old Rs 500 and Rs 1,000 notes.

Indian banks need to adopt fully-encrypted ATM security solutions

This incident is a wake-up call for the Indian banking ecosystem to pause and realise that adopting extra-layered, state-of-the-art encryption security to minimise consumer financial data breach has become essential.

DNA: Analysis of partial treatment in loan recovery system of Indian banks

Analysis of partiality in loan recovery system of Indian banks. Watch this special segment and get to know more here.

SBI's dollar bond issue to set price benchmark

SBI's dollar bond issue to set price benchmark

The dollar denominated bond issuance by the State Bank of India (SBI) will provide Indian banks with an alternative funding option and would be positive for the sector.

Passage of quicker debt recovery bill credit positive: Moody's

Passage of quicker debt recovery bill credit positive: Moody's

Passage of the Bill to fast track debt recovery, together with the bankruptcy law passed earlier, will lead to structural improvements and is credit positive for Indian banks, Moody's Investors Service said on Monday.

Indian banks will need $90 bn capital by 2019: Fitch

Indian banks will need USD 90 billion in total additional funds to meet global capital adequacy norms by 2019, Fitch Ratings said.

India's 10 largest public sector banks

Checkout India's 10 largest public sector banks

Bankruptcy law credit positive for banks: Moody's

Bankruptcy law credit positive for banks: Moody's

The current weak legal framework for asset resolution has been a key structural credit weaknesses for Indian banks, it said.

Indian banks have capacity to launch South Asian Shariah Fund

The leading Indian banks have the capacity to launch a South Asian Shariah Fund to capitalize the region's untapped market for Islamic finance which requires multi-billion dollars of financing annually.

Indian Bank raises Rs 500 crore via additional tier-I bonds

 State-run Indian Bank today said it has raised Rs 500 crore by issuing additional tier-I bonds.

Banks' asset quality to remain under pressure this year: S&P

Indian banks' asset quality and capitalisation are likely to remain under pressure in the next 12 months mainly because of tepid industrial activity and high leverage by some corporates, Standard & Poor's said Tuesday.

Raghuram Rajan meets top bankers, discusses NPA woes

Raghuram Rajan meets top bankers, discusses NPA woes

Days after the Reserve Bank set March 2017 as the deadline for lenders for cleaning up balance-sheets, top bankers on Monday met Governor Raghuram Rajan to discuss a way out of the asset quality woes.

India to grow at 7.4% this fiscal, says S&P

India's economy will grow at 7.4 percent in the current fiscal, which will further improve to over 8 percent in 2016-17, Standard & Poor's Ratings Services projected Thursday.