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banking industry

28 Nov 2018

UN Environment, 28 banks to take forward Paris climate agenda

The 28 banks represent over $17 trillion in combined assets and nine of their CEOs attended the launch, the UNEP said.

20 Nov 2016

16 of 22 PSU banks skip dividend in FY16 on mounting NPAs

Saddled with mounting bad loans, as many as 16 public sector banks, including PNB, BoB and Canara Bank, skipped paying dividend in 2015-16, leading to three-fold decline in government receipts to Rs 1,444.6 crore.

Reserve Bank of India

15 Nov 2016

RBI says deadline for banks to clean up books 'stands' at March 2017

Reserve Bank deputy governor N S Vishwanathan today said the deadline for banks to clean up their balance sheet 'stands' at March 2017, even as its governor Urjit Patel hinting at pragmatic approach in dealing with NPAs.

18 Aug 2016

SBI board clears merger of 5 associate banks, BMB with itself

In a bid to create global size bank, the board of State Bank of India on Thursday approved scheme of merger of five associate lenders and Bharatiya Mahila Bank (BMB) with itself while protecting the interest of the existing staff.

24 Apr 2016

After Donald Trump, another Republican Party member mocks Indian accent, calls it 'hardest to understand'

Stoking controversy, Republican governor of US state of Maine Paul LePage has said that Indian workers were the "worst" and the "hardest" ones to understand.

07 Sep 2015

'RBI has less stringent norms on systemically important banks'

RBI has recently identified the state-owned SBI and private lender ICICI Bank as D-SIBs and subjected them to higher levels of supervision to prevent disruption to financial services in the event of any failure.

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