New Delhi: Concerned over rising NPA, the government may ask state-owned banks to shut down branches and cut down on staff strength in loss-making units. "This is a part of an ongoing dialogue, not only banks but insurance companies also. If there are loss-making branches, then we need to re-look at why they are there. "If that needs working out a business strategy, may be relocating it, may be scaling...
08:28 PM, Apr 09, 2012
New Delhi: Public sector banks have an exposure of about Rs 10,000 crore in the telecom companies whose licences were cancelled by the Supreme Court in connection with 2G spectrum allocation scam. "The public sector banks have an outstanding loan of Rs 10,000 crore, of which Rs 7,500 crore is secured (against assets)," a senior Finance Ministry official said on Friday. The Ministry, the official said, was seeking information about...
04:18 PM, Feb 03, 2012
![Govt to give Rs 15K crore to state-run banks]( "Govt to give Rs 15K crore to state-run banks")
The Cabinet also gave its approval for infusion of additional capital in the next financial year. ...
01:40 PM, Apr 23, 2010
It has also warned that inflation could also move into higher territory. ...
10:25 AM, Jul 28, 2009
Public sector banks are set to hire 30,000 personnel during 2009-10. ...
02:08 AM, Jun 10, 2009
This seems to be Pranab Mukherjee's welcome gift to the
aam admi. ...
03:16 AM, May 28, 2009
RBI moves to inject funds into system, signaling soft interest rate regime. ...
01:55 PM, Feb 02, 2009
Customers are shifting their money to public sector banks. ...
09:57 PM, Jan 28, 2009
That brings the dream of a home closer to reality for many. ...
03:51 AM, Dec 12, 2008
Most banks are looking for candidates with good written & verbal English. ...
09:14 PM, Oct 02, 2007
PSU banks are likely to slash deposit rates on both retail and bulk deposits. ...
12:22 AM, Jul 11, 2007
PSU bank employees have threatened to strike work from March 28 to 30, stopping the fiscal machinery for 5 days. ...
08:01 PM, Mar 18, 2007
Housing and car loans will not be impacted, even though some private banks are considering interest rates hike on these as well. ...
09:55 PM, Feb 14, 2007
PSU Bank Chairmen meet Chidambaram to take stock of the situation following RBI's decision to hike the repo rate. ...
11:23 PM, Nov 06, 2006
Lok Sabha has passed a Bill, which allows the Govt to supercede the board of weak banks on RBI's advice. ...
06:49 PM, Aug 23, 2006
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