Nearly 73 per cent of the deputy general managers and general managers put together at PSBs are above 55.
"When we talk of developing a corporate bond market, we must be realistic about our goals. More importantly, we must not be blinkered in squeezing bank finance to forcibly take up corporate bond market," R Gandhi
The number of applications in the latest tranche is 2 lakh, just up from 1.99 lakh in the previous tranche, when the issue price was Rs 3,119 per kg.
Outstanding non-food credit stood at Rs 73.10 lakh crore as on September 16, compared with Rs 65.83 lakh crore in the same fortnight last year — an increase of Rs 7.27 lakh crore.
Ministry had served a notice to Muhnot asking him to explain why he should not be removed from his job for allegedly occupying two houses.
A Punjab government official said that the consortium has been asked to treat the outstanding Rs 21,000 cr as a “soft loan”, with a promise to repay it in instalments.
Government earlier this year cleared the proposal to merge SBI with its five associate banks.
Debt of the companies would be bifurcated into two parts — sustainable and unsustainable.
Sebi will appoint a Chief Information Technology Security Officer, who will be responsible for strengthening its regulatory policy framework in the area of cyber security.
The bank is targeting to authenticate 50 lakh calls using the 'voice biometrics' this fiscal, the official said, adding till now 40 lakh phone banking transactions have been undertaken using this platform.
Exim bank plans to launch export facilitation portal next month with an aim to promote exports by small units.
Attachment of bank and demat accounts of Apex Intertech and Vijay Remedies have been ordered to recover Rs 4,92,233 and Rs 1,85,212, respectively.
Currently, the central bank functions from SDA Complex Basement–1, Kasumpti, in Shimla in Himachal Pradesh.
According to RBI guidelines, it is mandatory for customers to periodically update their know your customer (KYC) details with their banks.
According to data released by the RBI, the reserves stood at $369.60 billion as on September 16, as against $371.27 billion as on September 9.
Sebi has allowed REITs and InvITs to invest in a two-level SPV structure. That means these trusts can invest in a holding firm which owns other SPVs which are direct owners of realty assets
The NRI deposits increased by Rs 672 crore and stood at Rs 65,189 crore, forming 11.79 per cent of the total deposits as on June 2016.
Currently, foreign entities can hold only up to 5 per cent stake in an exchange. The move will also help the two leading stock exchanges BSE and NSE in their proposed IPOs.
A total of 43.35 lakh people have been enrolled under the PMSBY and about 18.31 lakh under the PMJJBY in Gujarat.
According to RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 86.9207 and 66.08 per 100 yens.
ANZ said the terms of the settlement were confidential but the deal with the Oswals meant the bank would take a $110 million hit to its bottom line this year.
Shares on offer for public got subscription worth Rs 46,298 cr
The government's MUDRA is a scheme set up by the government to develop micro units and re-finance these industries to encourage entrepreneurship in the country.
For private banks, systemic support will be determined by their systemic importance, and range from high to very high for Moody’s rated universe.
Arundhati Bhattacharya said the 7th Pay Commission and a good monsoon will help boost deposits and thus create favourable circumstances for banks to cut rates.
According to the SBI official, a capital of $20 million (about Rs 133 crore) has initially been given to the IBU that has started operations with five employees.
"We are having 36,000 specific inputs about high-value bank and property transactions. These people have carried out transactions without (quoting) the Permanent Account Number," said an official.
Aside from these legacy issues, the underlying asset trend for Indian banks will be stable because of a generally supportive operating environment, said Moody's Vice President.
Textile has been most affected with some new addition in regular jobs but massive drop in contractual jobs.
The new Reserve Bank Governor Urjit Patel is also likely to attend the Fund Bank meeting.
On the occasion Kohli said 'PNB is Mera Apna Bank' as he has been an account holder of the bank since the age of 16 years.
The government has asked the banks to submit their reports within 10 days to the Department of Financial Services, which oversees the country’s banking sector.
“One of the challenges which the banks did mention that they are facing ... to find alternative promoters or buyers. They have been making efforts to do that,” he said after a meeting with PSU banks.
FIIs, NRIs and PIOs (Persons of Indian Origins) can invest in primary and secondary capital markets in India through PIS.
According to the Transaction of Business Rules, creation of a new company, autonomous body, institution, university or special purpose vehicle, along with senior posts, needs to be put up for approval before the Cabinet.
Government has recently cleared the proposal to merge State Bank of India (SBI) with its five associate banks.