Page 1019 - Finance News

Govt to infuse Rs 5,050 crore in state-run banks soon

It will be part of the Rs 25,000 crore capital infusion plan earmarked for the current fiscal

IDBI claims strike failed, unions say near success

It claimed none of their services were disrupted in nationwide strike except in Karnataka, where High Court asked unions not to go on strike

RBI announces private placement of special securities under UDAY

Under the scheme, Centre allows state governments, which own discoms, to take over 75% of debt as of September 30, 2015 in 2 years and pay back lenders by selling bonds

Pay dues honourably or face coercive action: FM to Vijay Mallya

Arun Jaitley said that banks have certain collaterals of group companies of Vijay Mallya and will take legal action to recover dues

IDBI divestment: Staffers' strike from today

Bharatiya Mazdoor Sangh opposed to govt move; unions want assurance, full consultations

Will not spare any bank defaulter: Modi

Attacks Congress for 'opening banks for the rich during its rule'

Two IDBI Bank unions to go on strike from Monday

The bank has around 17,500 employees

Two IDBI Bank unions to go on strike from Monday

They are protesting against the government's plan to pare its stake in the lender

Unions await clarity on IDBI Bank strike

Strike was planned over the Centre's proposal to cut its shareholding to less than 50%

SBI seeks merger of 5 rural banks in N-E

Proposed entity to have deposit base of Rs 3,578 crore

IOB starts distribution of Indian Gold Coins

Available in denominations, 5, 10 and 20 grams, the coins are distributed through limited branches, IOB said in a statement

OBC cuts interest rates on deposits less than Rs 1 cr

For maturities from 31 days to 45 days, the bank has cut interest rate from six per cent to 5.5 per cent for deposits below Rs 1 crore

Govt to fill vacant posts of chairmen in nine state banks

A senior finance ministry official said the process to fill vacancies of non-executive chairman in nine state-run banks was underway

AIBEA urges Finance Minister to delink associate banks from SBI

It also urges the government reconsider its proposal to reduce equity stake in IDBI Bank to below 50%

Banks-to-be step up scrutiny before hiring key personnel

Aspirants that will be entering banking arena this year have decided to go for a deeper scrutiny before hiring key personnel

Bank unions discuss associate banks, IDBI Bank privatisation with FM Jaitley

The unions discussed problems relating to violation of bipartite settlement

Banks order forensic audit of accounts at first hint of trouble

Demand for staff's anti-fraud training increases

Distressed assets funds start rolling

Three funds raise $1.62 bn in the past 3 months as the Reserve Bank of India and government put pressure on banks

DBS Bank asks Gammon India to convert loan into equity

Last month, the firm had said that three of its lenders, including IDBI Bank have decided to convert loans worth Rs 22.25 crore into equity

RBI revises liquidity measuring rules for Basel III

Provides exemption to branches of foreign banks from submitting statement with regard to foreign currency