Page 1085 - Finance News

Prasad wants DoP to become vehicle of financial inclusion

The minister said that the postal department should prepare itself properly and effectively for this opportunity

Andhra Bank to raise Rs 3,000 crore in FY16: MD

Says on the basis of the bank's performance the govt will provide the remaining Rs 122 crore

Corporation Bank cuts base rate by 0.10%

The bank has revised the base rate for lending from 10% per annum to 9.90% per annum with effect from August 24

RBI may delay rate cut if rupee depreciates further

RBI's forex reserves fell $113.5 mn for the week ended Aug 7 to $353.35 bn

Divide and conquer approach to tackle NPAs: Jayant Sinha

MoS for Finance says while bad loans have been rising, they have gotten close to the peak as far as NPAs were concerned

SBI to keep associate bank consolidation plans on hold

Plans shelved diue to upcoming competition from new banks and transition to digital platform

Govt to speed up work at debt tribunals for early recoveries: Arun Jaitley

Bureaucracy, fear of penal action dampen decision making at PSBs

FM raises hopes of interest rate cut

Asks RBI to take note of lower inflation

RBI may relax ARC share sale norms

At present, ARCs are needed to take prior regulatory approval for selling more than 10% stake

SBI market leader despite facing constraints as a PSU unit: FM

Jaitley also said that SBI's reach among various social segments is very large, and it is unquestionably the market leader

PSU banks need to evolve sales, service culture: PNB chief

Says the seven-point plan 'Indradhanush' for the revival of PSU banks is the first major comprehensive announcement in this regard

Bandhan to kickstart ops next week after impressive inauguration on Aug 23

Inauguration by Arun Jaitley expected to bring potential rivals, politicians, regulators and shareholders of Bandhan to one dais

New appraisal framework for PSBs from this year: FinMin

Accountability framework was one of the area in which the government proposed a new framework in order to measure performance of PSBs

Jaitley launches SBI's mobile wallet 'Buddy'

Also unveils SBI Foundations's logo and website

Moving towards softening interest rate environment: Kochhar

Says with inflation under control, lending rates will come down

How SBI's 'Super Six' put its house in order

Arundhati Bhattacharya's six-pronged strategy to revitalise the country's largest bank has yielded good results

Axis Bank mobile app tops other banks: Forrester

Rupee tumbles 31p to over 2-year low

Reforms plan fires PSU bank stocks

But experts say govt has hardly given up control in these entities

Bandhan Bank fixes interest rates