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4 banks looking into Jandhan account deposits: Finance Minister

4 banks looking into Jandhan account deposits: Finance Minister

 Finance Minister Arun Jaitley said 4 PSU banks are "investigating from their branches" whether money in some Jandhan accounts was deposited by account holders themselves or by business correspondents to keep the number of zero-balance accounts low.

FM Arun Jaitley to review performance of state-run banks today

FM Arun Jaitley to review performance of state-run banks today

Finance Minister Arun Jaitley is undertaking a quarterly performance review of state-run banks here on Friday not just to see the progress of various financial inclusion schemes, but also look at the overall health of the banking system, officials said.

Jan Dhan controversy may figure in FM, bankers meet tomorrow

Jan Dhan controversy may figure in FM, bankers meet tomorrow

The controversy over some bankers depositing Re 1 in Jan Dhan accounts to keep the number of zero balance account low is likely to figure at the quarterly meeting of PSU banks' heads with Finance Minister Arun Jaitley tomorrow.

PSU banks overpay at bottom, underpay at top; I too feel 'under-paid': Raghuram Rajan

PSU banks overpay at bottom, underpay at top; I too feel 'under-paid': Raghuram Rajan

SBI Chairperson Arundhati Bhattacharya got just about Rs 31.1 lakh in the fiscal year 2015-16, while private sector major HDFC Bank's MD Aditya Puri's total remuneration for the same period was more than 30-times higher at Rs 9.7 crore.

Submit plans for fund raising from market: FinMin to PSU banks

Submit plans for fund raising from market: FinMin to PSU banks

Having announced capital infusion of Rs 22,915 crore in PSU banks, the Finance Ministry has asked them to submit plans for raising resources through markets, including public offers and sale of non-core assets.

Bank employees to go on strike on Friday, services to be hit

Bank employees to go on strike on Friday, services to be hit

Normal banking operations may take a hit as public sector bank employees will go on strike Friday to protest against the proposed merger of associate banks with SBI and banking reforms announced by the government.

Government banks received approx 23 thousand crores

Government banks received approx 23 thousand crores. Watch this special segment and get to know more here.

PSU banks' recapitalisation: Govt infuses 23K cr in 13 lenders

PSU banks' recapitalisation: Govt infuses 23K cr in 13 lenders

In a bid to shore up cash- strapped public sector banks, the government injected Rs 22,915 crore capital in 13 lenders including SBI and Indian Overseas Bank to revive loan growth that has hit a two-decade low.

First tranche of recapitalisation fund infusion by govt for FY 17 released

Govt allocates 1st tranche of recapitalisation money of Rs.22915 Cr for 13 PSU Banks. Watch complete news story of Superfast Future and stay updated with the latest trends and statistics in the stock market, commodity market and share market!

Bank recapitalisation: Govt allocates Rs 22,915 crore to 13 public sector banks

Bank recapitalisation: Govt allocates Rs 22,915 crore to 13 public sector banks

Government will infuse Rs 22,915 crore in 13 public sector banks for the current fiscal ending March 2017.

Finance Ministry to soon clear 1st tranche of capital infusion in PSBs

Finance Ministry to soon clear 1st tranche of capital infusion in PSBs

The Finance Ministry is likely to soon clear the first round of capital infusion in public sector banks that has been slated for the current financial year.

Strike deferred, banks to be open on Tuesday, Wednesday

Strike deferred, banks to be open on Tuesday, Wednesday

Banks will be open and operations normal on Tuesday and Wednesday after a section of the public sector bank employees on Monday deferred their proposed two-day nationwide strike following the intervention of the Delhi High Court.

Government to begin fresh recapitalisation  of ailing public sector banks

Government to begin fresh recapitalisation of ailing public sector banks

The Centre is likely to soon announce the first tranche of the Rs 25,000 crore capital infusion for public sector banks (PSBs), planned for this financial year (2016-17).

RBI may soon allow interoperability of Post payment bank ATMs

RBI may soon allow interoperability of Post payment bank ATMs

India Post, the world's largest mail delivery network, is carving out a separate vertical to manage banking services, a move that will help it win RBI nod for interoperability of its ATMs with those of PSU banks.

PSU bank stocks surge upto 8% on RBI's move on stressed assets

PSU bank stocks surge upto 8% on RBI's move on stressed assets

Shares of PSU banks on Tuesday gained up to 8 percent after the RBI came out with a scheme for resolution of bad loans of large projects wherein a portion of the debt will be converted into equity or other instruments.

 

Govt's solution for bad loans: Merge state-owned banks to 6 from 27

Govt's solution for bad loans: Merge state-owned banks to 6 from 27

Vinod Rai, a 68-year-old former auditor general of India, said consolidation has already begun with State Bank of India`s move to absorb five subsidiaries and Bharatiya Mahila Bank, a bank for women set up in 2013.

HDFC Bank seeks nod to up authorised share capital to Rs 650 crore

HDFC Bank seeks nod to up authorised share capital to Rs 650 crore

HDFC Bank Thursday said it will seek shareholders' approval to hike the authorised share capital of the bank to Rs 650 crore.

Any merger initiative has to come from board of banks: Jayant Sinha

Any merger initiative has to come from board of banks: Jayant Sinha

The government Tuesday set the record straight on merger of public sector banks, saying any initiative has to come from the board of the banks concerned, and its role is that of a facilitator.

Shocking! At Rs 72,000 crore, Gautam Adani's firm owes banks 8 times more than Vijay Mallya

Shocking! At Rs 72,000 crore, Gautam Adani's firm owes banks 8 times more than Vijay Mallya

According to PTI, Pawan Verma, member of JD(U), raising issues about corporate houses owing money to PSU Banks in the Rajya Sabha on Thursday alleged that Adani Group got “unimaginable” favours and that its debt stands at Rs 72,000 crore.

Payments banks do not have a viable business model: SBI chief Arundhati Bhattacharya

Payments banks do not have a viable business model: SBI chief Arundhati Bhattacharya

Small and payments banks have not yet devised a business model which can be termed viable, SBI Chairperson Arundhati Bhattacharya said Monday.