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Bank union calls for penal laws to deter corporate defaulters

Bank union calls for penal laws to deter corporate defaulters

19 Jul 2014

Kolkata: Claiming the presence of a ‘nexus’ between politicians and corporate houses allowing companies to default bank loans at will, the Bank Employees Federation of India (BEFI) on Friday called for penal laws to deter such defaulters.

Bank unions,   Bank Employees Federation of India,   BEFI,   NPA,   Kingfisher Airlines ,  
Bad loans under litigation rise 10 percent: AIBEA

Bad loans under litigation rise 10 percent: AIBEA

19 Jul 2014

Mumbai: Bank employees union has claimed that bad loans under litigations have gone up by 10 percent to Rs 77,000 crore.

Bad loans,   All-India Bank Employees Association,   AIBEA,   Vishwas Utagi,   Indian Banks,   India banking sector,   Bank employees union,   Reserve Bank of India,   non-performing assets,   NPA issue in Bank ,  
Sriram, Kannan appointed <strong>SBI</strong> Managing Directors

Sriram, Kannan appointed SBI Managing Directors

18 Jul 2014

Mumbai: State Bank of India (SBI) said it has appointed B Sriram and V G Kannan as Managing Directors and Group executives. Both come to SBI from group associates, where they held senior positions.

State Bank of India,   SBI,   B Sriram,  V G Kannan,   SBI Capital Markets,   head of forex treasury,  
Draft Cab note for government stake dilution in <strong>SBI</strong> next month: Financial Services Secretary

Draft Cab note for government stake dilution in SBI next month: Financial Services Secretary

19 Jul 2014

New Delhi: Finance Ministry is likely to prepare draft cabinet note for government stake dilution in State Bank of India in August to enable it to raise capital for meeting Basel III norms.

Finance Ministry,   State Bank of India,   Parliament session,   Financial Services Secretary,   GS Sandhu ,  
<strong>SBI</strong> to relook fire-safety norms in all branches: Official

SBI to relook fire-safety norms in all branches: Official

15 Jul 2014

Chennai: Days after a fire broke out in one of the SBI offices located in heritage building here, a senior official on Monday said the bank has undertaken a ‘fire-safety audit’ in all its branches across the country.

SBI,   fire-safety norms,   fire-safety audit,   State Bank of India,   Bank Chief General Manager,   PS Prakash Rao ,  
Sensex up 149 points after RBI eases infra financing norms

Sensex up 149 points after RBI eases infra financing norms

16 Jul 2014

Mumbai: The benchmark BSE Sensex gained over 149 points in morning trade on Wednesday on increased buying by funds and retail investors after the RBI relaxed financing norms for infrastructure development and affordable housing.

benchmark BSE Sensex,   National Stock Exchange index Nifty,   RBI,   Unitech,   IDFC,   SBI,   Axis Bank ,  
Government favours consolidation of PSU banks; bankers hail Budget

Government favours consolidation of PSU banks; bankers hail Budget

11 Jul 2014

New Delhi:  Favouring consolidation in banking, Finance Minister Arun Jaitley said that he intends to reform the sector and give banks more autonomy to expand faster. The government will, the Finance Minister added, retain 51 percent holding in PSU banks that would help them to raise money over the next 3 years.

consolidation of PSU banks; Union Budget,  Indian Banks,   NPA,   PSU banks,  Allocation for Banking sector,  
Determined to bring down consumer inflation: Raghuram Rajan

Determined to bring down consumer inflation: Raghuram Rajan

11 Jul 2014

Chennai: Reserve Bank of India Governor Raghuram Rajan has said that the central bank was ‘determined’ to make sure consumer inflation eases down along a ‘glide path’.

RBI,   Raghuram Rajan,   Consumer Inflation,   Infrastructure Projects,   Oil Price,   Indian economy ,   Indian banks,   NPA,   Bad loans ,  
Axis, Union Bank among five new entrants to UK banking space

Axis, Union Bank among five new entrants to UK banking space

08 Jul 2014

London: Two banks from India ‘Axis Bank’ and ‘Union Bank’ are among the five new entities authorized to do banking business in UK during the last fiscal, as per latest statistics released by the British regulators.

Axis Bank UK Ltd,   Union Bank of India UK Ltd,   Paragon Bank,   SBI,   Bank of Baroda,  
No magic wand to bring down bad loans: <strong>SBI</strong> Chief

No magic wand to bring down bad loans: SBI Chief

01 Jul 2014

New Delhi: State Bank of India (SBI) Chairperson Arundhati Bhattacharya on Tuesday said she does not have a magic wand to deal with bad loans, which soared to Rs 61,605.35 crore at the end of March.

SBI Chief,   bad loans,   State Bank of India,   Chairperson Arundhati Bhattacharya,   economy reviving,   qualified institutional placement,  

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