02 Dec 2015
Mumbai: As banks reel under huge bad debts, RBI Governor Raghuram Rajan today said steps taken by the central bank and the government should help lenders clean up their balance sheets by March 2017.
31 Mar 2015
Mumbai: In the wake of unseasonal rain damaging thousands of acres of standing crops in many states, Nabard said it is committed to supporting regional rural banks and co-operative banks with liquidity support from a specially created Rs 1,600 crore fund.
25 Nov 2015
Bengaluru: Kingfisher Airlines chairman Vijay Mallya yesterday claimed that he was in talks with banks to settle dues of the defunct airline, saddled with a whopping Rs 8,700 crore loan.
24 Nov 2015
New Delhi: The major stress on state-run banks due to bad loans will progressively commence easing once issues are gradually resolved in various sectors including implementation of reforms in the power sector, Finance Minister Arun Jaitley said yesterday.
21 Nov 2015
Bhubaneswar: Odisha Chief Minister Naveen Patnaik today urged Prime Minister Narendra Modi to ensure adequate fund flows for rural jobs under MGNREGA for easing the suffering of people facing drought situation in the state.
23 Nov 2015
New Delhi: Concerned over 'unacceptable' NPA levels, Finance Minister Arun Jaitley today discussed with PSU bank chiefs the issue of wilful defaulters and said that the lenders have all the powers and autonomy to deal with them.
18 Nov 2015
Hyderabad: Intel India today announced the launch of 'Ek Kadam Unnati Ki Aur', an initiative aimed at working with the government to create the blueprint for the digitisation of rural India. The first such Digital India 'Unnati' Kendra has been set up at a Common Services Center (CSC) in Nadimpalle village of Mahabubnagar district of Telangana and will be used to create the framework for the Telangana Model Digital Village.
17 Apr 2015
Hyderabad: Noting that the Land Acquisition and several other important Bills would be taken up during the Parliament session resuming this month, Union Minister M Venkaiah Naidu on Friday said the Congress and other opposition parties should help in passing them.
29 Jan 2015
Mumbai: The Reserve Bank has exempted Regional Rural Banks with assets less than USD 175 million to register with the US Internal Revenue System under Foreign Account Tax Compliance Act (FATCA).
20 Nov 2015
Mumbai: RBI today said its prior approval will be required for acquisition of shares or voting rights in a private bank for increasing the aggregate holding to 5 percent or more, as it put in place detailed take purchase norms in banks.