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CBI registers preliminary inquiry against Adani Group

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.

Recapitalisation of PSU banks is on high priority: Jaitley

Last Updated: Saturday, July 19, 2014, 14:48

Finance Minister Arun Jaitley on Saturday said recapitalisation to the tune of Rs 2.4 lakh crore in public sector banks to meet Basel III norms is a 'high priority' item for the government.

Draft Cabinet note for govt stake dilution in SBI next month: Sandhu

Last Updated: Saturday, July 19, 2014, 14:26

Finance Ministry is likely to prepare draft cabinet note for government stake dilution in State Bank of India in August to enable it to raise capital for meeting Basel III norms.

FinMin examining issues concerning merger of PSU banks: Sandhu

Last Updated: Saturday, July 12, 2014, 17:54

Finance Ministry on Saturday said it is examining various issues pertaining to mergers of public sector banks and that there will be some forward movement in the current year itself.

No proposal to dilute govt ownership in PSBs below 50%: Govt

Last Updated: Tuesday, July 08, 2014, 19:21

The government on Tuesday said there is no proposal to dilute its ownership in public sector banks (PSBs) below 50 percent.

Bank unions protest over Nayak panel report

Last Updated: Friday, May 23, 2014, 19:13

Demanding withdrawal of the P J Nayak Committee report recommending total privatisation of public sector banks, various bank unions on Friday held demonstrations in Kerala.

PSU banks to get add'l capital infusion of Rs 8,000 cr

Last Updated: Tuesday, May 13, 2014, 17:27

The government is likely to infuse additional capital of up to Rs 8,000 crore in public sector banks in the current fiscal to expand their capital base.

State-run banks defer fund-raising via QIP on uncertain market

Last Updated: Sunday, May 04, 2014, 13:10

Public sector banks, which delayed their qualified institutional placement (QIP) issues last year due to weak market conditions, are still not confident of the market response and say that they will wait for another few months to do so.

Private banks shun ARC route to offload bad assets

Last Updated: Sunday, April 27, 2014, 13:51

Even as the public sector banks have made a beeline to dispose of their bad loans to the asset reconstruction companies (ARCs) in the March quarter, private banks are not only unenthused in adopting this route, but have virtually shunned this.

Finmin rejects RBI's proposal to bifurcate CMD's post in PSBs

Last Updated: Tuesday, April 08, 2014, 21:31

The Finance Ministry has turned down the Reserve Bank's proposal to bifurcate the post of Chairman and Managing Director in public sector banks saying this position doesn't enjoy absolute powers as is being claimed by some international experts.

RBI meets select bankers ahead of policy

Last Updated: Tuesday, March 25, 2014, 19:24

The Reserve Bank on Tuesday met a select group of public sector and foreign banks ahead of the forthcoming bi-monthly policy meet early next week.

Private banks at high risk of losing customers: IBM study

Last Updated: Thursday, March 13, 2014, 13:48

Private sector banks in India are at a greater risk of losing their customers on account of non-satisfactory services as compared to public sector banks, says a study by technology giant IBM.