September 21, 2018 1:09:51 am

Punitive vigilance is difficult in a public sector institution as rewards are low to start with, thereby limiting the possibility of downward revisions, said Urjit Patel.

average assets under management, AUM, mutual funds rose in Mumbai, AUm all time high in mumbai, Business News, Indi, Indian Express
September 19, 2018 2:14:08 am

In April 2017, Bansal had moved the arbitration panel against Infosys to claim the outstanding Rs 12 crore as part of his severance pay.

September 19, 2018 6:34:15 am

This would ensure that while absorbing the two smaller banks, Bank of Baroda gets the positive strength of Vijaya Bank while dealing with the stiff challenges associated with turning around Dena Bank.

September 18, 2018 6:20:25 pm

Take a look at some of the investment options you might want to consider over buying a costly smartphone.

September 18, 2018 1:53:50 am

Advances by banks to households soared 71.5 per cent to Rs 4.3 lakh crore, reversing a four-year-long trend of declines in households’ bank borrowings, data released by the Reserve Bank of India (RBI) revealed.

Human, Tool, Anthropology, Geological history of Earth, Humanities, Cenozoic, Lower Paleolithic, Prehistoric Spain, Human evolution, Bipedalism, Alastair Key, ancient stone tools, Britian's University of Kent, lead author, United Kingdom, prehistoric stone
September 18, 2018 1:33:23 am

Vijaya Bank posted a 43.3 per cent decline in net profit at Rs 144.34 crore for June quarter even though NPA ratio improved. In absolute terms, gross NPAs however rose to Rs 7,579.11 crore as on June 30, 2018 against Rs 6,812.21 crore a year ago.

September 13, 2018 1:37:51 am

Speaking to The Indian Express, shareholders who attended the AGM said many were “visibly upset” over Kochhar’s absence and sought clarity from the bank’s management over the allegations.

IRDAI working on ‘Sandbox’ method
September 13, 2018 1:19:07 am

Claims due to floods are just 7.5% of the losses, showing the poor insurance penetration in the country.

Raghuram Rajan says India poised for higher growth path, but has to stay away from autocratic path
September 12, 2018 4:45:20 am

Rajan said a larger number of bad loans originated in the period 2006-2008 when economic growth was strong, and previous infrastructure projects such as power plants had been completed on time and within budget.

Raghuram rajan, bank of england, governor boe, rbi, former rbi governor
September 11, 2018 8:09:19 pm

A larger number of bad loans were originated in the period 2006-2008 when economic growth was strong, and previous infrastructure projects such as power plants had been completed on time and within budget.

September 11, 2018 6:40:54 pm

A Supreme Court’s order will ensure long-term cover for vehicles, thus saving owners from getting a yearly renewal, and reduce the number of non-insured vehicles plying on the road.

Raghuram rajan, bank of england, governor boe, rbi, former rbi governor
September 11, 2018 10:24:09 pm

Raghuram Rajan said a larger number of bad loans were originated in the period 2006-2008 when economic growth was strong, and previous infrastructure projects such as power plants had been completed on time and within budget.

Dearness Allowance, Dearness Relief, Cabinet, Cabinet on DA, India news, Indian Express news
September 11, 2018 1:00:58 am

Out of 21 PSBs in the country, 11 currently under the RBI’s PCA framework, which kicks in when banks breach any of the three key regulatory trigger points — capital to risk weighted assets ratio, net NPA and Return on Assets.

September 11, 2018 11:12:48 am

In April, the banking and payments regulator had directed payments system operators to store all data, including full end-to-end transaction details and information collected, within India to ensure security of users’ information.

Raghuram Rajan, Raghuram RAjan bad loans, npa, upa, raghuram rajan banking, Raghuram Rajan indian economy, business news, indian express news
September 10, 2018 10:32:09 pm

Rajan said a larger number of bad loans were originated in the period 2006-2008 when economic growth was strong, and previous infrastructure projects such as power plants had been completed on time and within budget.

Justice Srikrishna to head probe panel to look into allegations against Chanda Kochhar
September 10, 2018 7:20:09 am

Chanda Kochhar is on leave pending an independent investigation by retired Supreme Court judge, Justice B N Srikrishna, into various allegations against her and the bank.

Bank deposit growth lags 10% for a year
September 10, 2018 1:05:02 am

The latest fortnight for which data is available, ended August 17, saw bank deposits growing at 8.3 per cent to Rs 115.11 lakh crore.

Give details of top-50 cases for 3 years, House panel asks revenue department
September 10, 2018 12:26:49 am

‘Committee alarmed to observe over Rs 1.26 lakh crore refunds in direct tax up to Jan 2018 (for FY18)’

Amitabh Chaudhry to take over as Axis Bank MD & CEO
September 9, 2018 2:29:06 am

The three-year term of Shikha Sharma as managing director & CEO of Axis Bank was cut to just seven months following the Reserve Bank of India’s directive to the board to reconsider her three-year term.

Disclose amount of demonetised currency deposited in Jan Dhan accounts: CIC to RBI
September 8, 2018 1:53:02 am

The penalty was imposed 'for contravention of instructions contained in Master Circular on Fraud – Classification and Reporting issued by RBI'.