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August 31, 2016 1:33 pm

RBL Bank shares were trading at 281.30 rupees by 0431 GMT, compared with the IPO price of 225 rupees. The stock hit a high of 282.40 rupees.

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August 31, 2016 7:45 am

A Royal Commission could be a major headache for the "Big Four" - Commonwealth Bank of Australia, Westpac Banking Corp, ANZ Banking Group and National Australia Bank.

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August 30, 2016 3:49 pm

"Indian banks got into stress before implementation of Basel III and revised IFRS which provide protection against system level stresses...so we have to find more capital for supporting banks today," said N S Vishwanathan.

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August 30, 2016 3:13 am

The RBI said that this reflects banks’ preference to protect profitability in the wake of deteriorating asset quality and higher provisioning.

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August 29, 2016 8:10 pm

The bank transferred an overall surplus of Rs 65,876 crore during the year as against Rs 65,896 crore in 2014-15, representing a marginal decline of 0.03 per cent.

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August 28, 2016 3:11 pm

Keen to close wage negotiations in public sector banks by November 1, 2017, the FinMin has asked the lenders to present status report on salary hike talks with their employee unions.

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August 27, 2016 2:30 am

It will examine setting up of a Centralised KYC (know-your-customer) registry.

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August 27, 2016 1:53 am

Rajan said while the RBI has been cautious in reforming during the recent period of global market turmoil, it has not stood still.

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August 26, 2016 8:50 pm

These are the first comments by Rajan since Patel's was named last Saturday by the government, a decision welcomed as ensuring continuity in the central bank's policies.

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August 26, 2016 10:29 am

As Urjit Patel takes over as RBI governor next month, market players and economists who have met him expect Patel to instil the same arm's length approach and unified communication to the institution as a whole.

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August 26, 2016 1:50 am

The D-SIB framework requires the RBI to disclose the names of banks designated as D-SIBs every year in August starting 2015.

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August 26, 2016 1:46 am

Resident and non-resident individuals can hedge currency risks in markets up to a limit of $30 million at any given time.

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August 25, 2016 3:29 am

While the immediate and overriding priority is to complete the clean-up of public sector banks’ balance sheets which is underway, simultaneously, process has to continue to bestow greater “governance autonomy” to these banks, Mundra said.

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August 25, 2016 3:09 am

SBT was virtually bulldozed into the merger plan without following the due process, claimed an official.

Union Minister of State, Commerce (Independent Charge) Minister of State, Finance Nirmala Sitharaman at the Indian Express Idea exchange in New Delhi on August 21st 2014. Express photo by Ravi Kanojia.
August 29, 2016 6:24 pm

She did not specify if it would be at one go or over a period of time.

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August 24, 2016 12:29 pm

Shares of SBI were trading 0.08 per cent higher at Rs 254.80 per scrip on the BSE.

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August 23, 2016 1:58 pm

The government on August 20 appointed Patel as the 24th head of the Reserve Bank of India. He will replace Raghuram Rajan who demits office on September 4.

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August 23, 2016 1:51 pm

The Securities and Exchange Board of India cooperates and facilitates exchange of information with its counterparts in other jurisdictions for the purpose of regulatory enforcement.

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August 23, 2016 3:01 am

On August 18, the bank raised Rs 363.89 crore by allotting 1.61 crore shares to 25 anchor investors at a price of Rs 225 apiece.

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August 22, 2016 6:18 pm

The anchor investors include FIL Investments Mauritius Ltd, Government Pension Fund Global, Goldman Sachs India Fund, Auburn Ltd and HSBC Global Investment Funds - Indian Equity.

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August 22, 2016 5:15 pm

Othee than discussing the first quarter performances of the PSU Banks, Finance Minister Jaitley will also review the credit growth and the bad loans situation.

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August 22, 2016 10:48 am

Unlike Rajan, who took over mid-crisis, the incoming governor will inherit an economy in decent shape, but faces three immediate challenges.

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August 22, 2016 12:32 am

Governor Rajan had called for the move to give more decision-making powers to the banks’ boards.

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August 21, 2016 4:11 pm

Recovery proceedings were completed in 80 cases last fiscal and all of them were non-CIS cases, as against 121 in the previous year.

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August 21, 2016 3:42 pm

Opening an ATM is much more viable than opening a bank branch. Besides, it will provide round the clock services, while a branch would function only during office hours.

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August 22, 2016 2:44 pm

Deputy RBI Governor Urjit Patel will take over as the central bank’'s new head come September, ending months’ of speculation about Raghuram Rajan’'s successor. Here are his views on key economic issues.

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August 21, 2016 1:32 pm

A 'Vishing' call involves a fraudulent caller posing as an employee from a financial institution/bank/credit card firm, asking for credit card/bank account as well as certain other personal details.

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August 21, 2016 10:13 am

Urjit Patel, who is currently serving as the Deputy RBI chief, will succeed Raghuram Rajan as the RBI chair once he steps down on September 3 after his term comes to an end.

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August 20, 2016 8:31 pm

Patel's fellow Deputy Governor S S Mundra said, describing him as "a man of clear opinion who may bring some changes".

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August 20, 2016 4:28 pm

The mergers of SBI associate banks will dwarf ICICI Bank assets to just one-fourth of SBI and will also catapult the bank into the top 50 banks globally.

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August 19, 2016 7:59 pm

"There is no express provision in the Sebi (Debenture Trustee) regulations to regulate the activities of security trustee, share trustee or escrow trustee," Sebi said.

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August 19, 2016 5:32 pm

Subramanian Swamy was quoting from an IMF report which read that inflation is a highly persistent process in India.

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August 19, 2016 2:13 am

Department calls other banks' officials to join postal payments bank on deputation.

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August 19, 2016 1:28 am

The bank later announced that the board has also approved separate schemes of acquisition of State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH) with SBI.

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August 19, 2016 1:20 am

Bad loans of PSBs rose from Rs 2,85,748 crore last year to Rs 5,71,443 crore by June 2016.

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August 18, 2016 7:28 pm

Officials have suggested that Rajan's replacement would be named to give enough time for an orderly leadership handover at the Mumbai-based central bank.