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KFA loan recovery not possible in near-term: United <strong>Bank</strong> to BSE

KFA loan recovery not possible in near-term: United Bank to BSE

25 May 2015

Mumbai: State-run lender United Bank of India on Monday informed the BSE that it does not expect to recover Rs 400 crore it had lent to the grounded Kingfisher Airlines in the short-run but hoped the recovery could be possible in the long-run.

KFA,   BSE,   United Bank of India,   Kingfisher Airlines,   Vijay Mallya,  
Centre clears 21 FDI proposals worth Rs 281 crore, defers Kotak Mahindra <strong>Bank</strong> proposal

Centre clears 21 FDI proposals worth Rs 281 crore, defers Kotak Mahindra Bank proposal

25 May 2015

New Delhi: The government has cleared 21 foreign direct investment (FDI) deals worth Rs 281 crore but deferred Kotak Mahindra Bank's proposal to hike foreign investment limit in the bank to 55 per cent.

FDI proposals,   Kotak Bank,   Kotak bank proposals,   Cabinet Committee on Economic Affairs,   CCEA,   La Renon Healthcare,   Latest business news ,  
ICICI launches voice 'password' facility for users

ICICI launches voice 'password' facility for users

25 May 2015

Mumbai: Country's largest private lender ICICI Bank on Monday launched a service where customers can make transactions using just their voice, without using other means of authentication like a password.

ICICI Bank,   ICICI app,   ICICI login,   ICICI customers,   ICICI password,  
Lost hope to recover dues from Kingfisher: United <strong>Bank</strong> of India

Lost hope to recover dues from Kingfisher: United Bank of India

25 May 2015

Mumbai: State-owned United Bank of India has become the first of the 17 lenders to publicly admit that it no longer expects to recover its dues from the beleaguered Kingfisher Airlines.

United Bank of India,   Kingfisher Airlines,   KFA,   Vijay Mallya,   Kingfisher dues,  
United <strong>Bank</strong> says lost hope to recover money from Kingfisher

United Bank says lost hope to recover money from Kingfisher

24 May 2015

Mumbai: State-owned United Bank of India has become the first of the 17 lenders to publicly admit that it no longer expects to recover its dues from the beleaguered Kingfisher Airlines. Interestingly, the Kolkata-based lender was the first bank to attempt to get Vijay Mallya, the chairman of Kingfisher Airlines, tagged as a wilful defaulter.

United Bank,   Kingfisher Airlines,   Vijay Mallya,   UB Group,   PNB,   IDBI Bank,   Bank of India,   Bank of Baroda,  Central Bank of India,   Latest Business News ,  
Two 6.8-magnitude quakes <strong>strike</strong> off Solomon Islands: USGS

Two 6.8-magnitude quakes strike off Solomon Islands: USGS

23 May 2015

Sydney: Two strong 6.8-magnitude earthquakes struck off the Solomon Islands early on Saturday, US geologists said, but there were no initial reports of damage and no tsunami warnings were issued.

Earthquakes,   Solomon Islands,   US geologists,   Tsunami,  
RBI to soon set up Central Fraud Registry

RBI to soon set up Central Fraud Registry

24 May 2015

New Delhi: Mindful of the impact of frauds on banks' financials, the Reserve Bank of India (RBI) will soon set up a Central Fraud Registry as part of an early warning system. The idea is to set up a structure for quick sharing of information about unscrupulous borrowers and help banks fight bad loans.

RBI,   Central Fraud Registry,   Reserve Bank of India,   CEIB,   Latest Business News ,  
 RBI sees 'contagion risk' in LIC's <strong>bank</strong> ownership

RBI sees 'contagion risk' in LIC's bank ownership

21 May 2015

MUMBAI: State-owned Life Insurance Corporation of India (LIC) could be too exposed to the country's banking sector through its stakes in both state and private lenders, Reserve Bank of India deputy Governor SS Mundra said.

RBI,   LIC,   Life Insurance Corporation,   RBI deputy Governor SS Mundra,   insurance,   LIC bank ownership,   Latest business news ,  
SBI Q4 profit up 23 percent at Rs 3,742 crore on improved asset quality

SBI Q4 profit up 23 percent at Rs 3,742 crore on improved asset quality

22 May 2015

Kolkata: The country's largest state-owned lender SBI on Friday reported 23 percent jump in standalone net profit at Rs 3,742.02 crore in the fourth quarter ended March 2015 as compared to Rs 3,040.74 crore during the same quarter a year ago.

State Bank of India,   SBI,   Country Largest Bank,   State owned lender,   Asset Quality,   BSE,   Net Profit,   Latest Business News,  
AIIMS issue: Jammu Bar Association calls off two-day <strong>strike</strong>

AIIMS issue: Jammu Bar Association calls off two-day strike

20 May 2015

Jammu: Jammu Bar Association on Tuesday withdrew its two-day strike which it had called over the reported shifting of the proposed All India Institute of Medical Science (AIIMS) project to Kashmir from Jammu region, following formation of a committee to take the agitation to a logical conclusion.

Jammu AIIMS project,   AIIMS in Jammu,   AIIMS in Kashmir,   Jammu Bar Association strike,   All India Institute of Medical Science,   latest states news ,  

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