UCO Bank has an exposure of Rs 400 crore to the carrier, which has a total debt of Rs 6,500 crore from a consortium of 17 banks.
Prioritise cases for recovery of past dues based on a defaulter’s ability to pay
The rupee appreciated by nine paise to 60.96 against the US dollar in early trade.
SBI on Tuesday trimmed the interest rate on term deposits.
State Bank of India has become the first lender to cut deposit rates below 9 per cent.
The US Federal Reserve is on course to bring its bond-buying program to an end in October.
UCBs are inspected annually or once in two years depending on their ratings or classification.
Yesterday, the rupee had lost 35 paise to close at a four-week low of 60.95 against US dollar.
RBI to Banks: Group firms, management can be tagged as defaulters
Factors supporting Indian rupee include oil prices, gold import curbs, FII inflows.
The US dollar slipped on Friday after data showed US employers added the fewest jobs in eight months.
It is highly unlikely that the interest rates on EPF may go back into double digits as was the case in the 1990s.
The level of bad loans at Indian banks is a "concern" but is not "scary", says Raghuram Rajan.
The full year of 2014-15 may witness asset sales of Rs 50,000 crore, say investment banks like Credit Suisse.
RBI move might hurt e-commerce platforms and taxi aggregators such as Google Play, Amazon and Uber.
A higher opening in the domestic equity market also helped the rupee.
People can now deposit up to Rs 1.5 lakh annually in their Public Provident Fund (PPF).
There is a need with respect to financial innovation, with respect to loan products: R Gandhi
Meanwhile, the benchmark BSE Sensex gained 36 points, or 0.14 per cent, to 26,456.67 in early trade today.
ICICI Bank becomes first in country to offer EMI facility for debit cardholders.
Syndicate bank case : Lenders to appoint 3 directors on firm’s board
The central bank has allowed banks to impose a charge of Rs 20/transaction on additional use of ATMs.
The deciding factor for candidates is their Annual Confidential Reports that have 70 marks while the interview can fetch a maximum of 30 marks.
The rupee had fell 13 paise to end at 61.21 against US dollar in yesterday's trade.
Public sector banks can hire officers only through examinations such as those conducted by IBPS.
Rupee moved in a range of 61.29 and 61.21 per dollar during the morning trade.
The appointment of SK Jain “lacked transparency and smacks of unfair practices”, says CBI.
CBI said that it has launched an initial probe over the loan against both companies.
The Indian mutual fund industry is now dominated by fund houses promoted by top industry houses and banks.
The agreement puts behind a frosty relationship that had emerged between the RBI and the Finance Ministry.
RBI governor's people skills may be tested when FM Arun Jaitley attends Sunday's RBI board meet.
Syndicate Bank case n No takeover of the firm’s management: SBI chief.
The nation's top lender by assets reports its first profit increase in six quarters
Homegrown payments network set up by npci to get a leg-up with the government’s financial inclusion plan.
'It is important for an enforcement agency to ensure full investigation is done'
Even without the RBI lowering the repo rate, the lack of lending opportunities in a sluggish economy...