Economic Times

As many as 11 banks have been placed under RBI’s prompt corrective measures for their high sticky loans.
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journey to turn carbon neutral and aims to achieve it by 2030.
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The company is looking to list it's general insurance company, Reliance General Insurance, in the current financial year.
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SBI announced a slew of initiatives such as migrating to EVs, installing solar panels on buildings and ATMs, and banning plastic in its office to cut
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All three banks combined would have a total loan book of Rs 6.40 lakh crore and total deposits of Rs 8.41lakh crore, making it the third-largest bank
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The decision and the suddenness of the announcement have shocked the state-run banking system.
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"This is a progressive move and signifies the government's determination to strengthen the banking sector in the country for a better performance and
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The govt today presented a slide on the various actions taken by it to clean the lending processes.
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The govt today proposed to merge three public sector banks to create India's third largest lender.
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The amalgamated bank would be India's third largest bank.
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Athalye will be responsible for driving broad-based strategy, strengthening operations and scaling the business up, the company said in a press releas
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For loans above Rs 500 crore, two independent credit evaluations have been prescribed.
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"The RBI has shown its unwillingness to attend the meeting of the empowered committee to resolve stress in power sector," source said.
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State-owned Union Bank of India has decided to quit Antwerp diamond hub in Belgium as the branch did not generate expected business, a senior bank off
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The bank expects to raise around Rs 800 crore through sale of its stake in non-banking finance company - STCI Finance - and in Sidbi, by the third qua
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IL&FS is sitting on a debt pile of around Rs 91,000 crore and had been downgraded to junk status by rating agencies following the default.
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The non-banking finance company is looking to raise funds through a rights issue to shore up capital, reduce debt and recapitalise group companies.
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The official said over 60 lakh cheque bounce cases are pending in the country and HDFC Bank has taken a lead by requesting the courts to use digital m
Companies - 5 days ago
In the reporting period, the growth in advances was higher than the previous fortnight ended August 17, 2018, when it had grown at 12.94 per cent to R
Companies - 7 days ago
Although the RBI granted 11 applicants in-principle approval to set up payments banks, three applicants dropped out as they had doubts of the business
Companies - 7 days ago
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