Union Bank of India Chairman and Managing Director Arun Tiwari. File Photo
BL Union Bank of India Chairman and Managing Director Arun Tiwari. File Photo

Union Bank of India defers Rs 1,386 cr QIP issue to next fiscal


State-owned Union Bank of India has deferred its plan to raise Rs 1,386 crore funds through qual... »

‘SBI set to buy residential properties of Air India in south Mumbai’


The country’s largest lender State Bank of India has received all necessary approvals to buy res... »

RBI to soon issue norms for Central Fraud Registry


The Reserve Bank of India has almost finalised the structure of Central Fraud Registry and will... »

Banks’ large exposure to counterparties to be capped at 25% of Tier 1 capital

The RBI has said the proposed LE Framework exposure limit will be 25 per cent of Tier I capital for single as well as groups of connected counterparties.

Our Bureau

The Reserve Bank of India is planning to cap banks’ large exposure (LE) to each counterparty,&nb... »

RBI may hold policy rates in April: DBS


The Reserve Bank of India is likely to hit the pause button in its policy review meet on April 7... »

FinMin asks banks to deposit March TDS by month end


Worried over the shortfall in the overall direct tax collection kitty, the government has asked banks, both public and private, to not delay remitting of TDS funds of the current month into state... »

Federal Bank opens branch

Our Bureau

Federal Bank has opened its 1,232nd branch at Kuravankonam in the city. K Chandrika, Mayor, Corporation of Thiruvananthapuram, inaugurated the branch, a spokesman for the bank said here. Hemakumar... »

State Bank of Hyderabad opens 25 branches

Our Bureau

State Bank of Hyderabad (SBH) has on Friday opened 25 branches simultaneously through e-inauguration.   Of the 25 branches inaugurated, 18 are in Telangana. With this, SBH’s tota... »

Indiabulls Housing raises ₹900 cr from Qatar bank

Our Bureau

Indiabulls Housing Finance has raised $150 million from Qatar National Bank Group under the external commercial borrowings route for affordable housing. This is consistent with Indiabull... »

Lloyd’s to set up branch in India in 12-18 months: Chairman Nelson

KR Srivats

Says discussions are on with IRDAI regarding modalities for entry »

Thiruvananthapuram District-level bankers told to address manpower shortage

Our Bureau

Banks in Thiruvananthapuram district have been asked to address the issue of manpower shortage in order to improve the quality of customer service. They should also look at opening m... »

SBI to dilute stake in non-life JV to 51%

Our Bureau

State Bank of India has decided to dilute its stake in SBI General Insurance from 74 per cent to 51 per cent in favour of joint venture partner Insurance Australia Group (IAG). ... »

BRICS contingent reserve may become operational this year: RBI

Vinson Kurian

Central banks of BRICS countries (Brazil, Russia, India, China and South Africa) are actively engaged in discussions for an agreement to operationalise a BRICS ‘contingent reserve arrangement’... »

Natural calamities: RBI issues loan restructuring norms for banks

Our Bureau

Conversion of short-term loans into term loans, among guidelines »

Spanish bank BBVA denies extending loan to Sahara

Our Bureau

‘The only thing I know about Sahara is the desert in Africa,’ says bank executive »

APGVB to open 24 new branches on March 30

Federal Bank opens branch

Axis Bank, SIDBI apply to RBI to discount bills by MSMEs

Muthoot Fin cautions people against fake promotion schemes

RBI signs $400-mn currency swap pact with Sri Lanka

Telangana and AP are focus regions: HDFC Bank

DCB Bank rises; Motilal Oswal starts coverage with 'buy'

Indian Bank to get ₹280-cr capital infusion

Clearing operations on March 30, 31

Our Bureau

To provide greater convenience to tax payers, the Reserve Bank of India on Friday said all designated branches of agency banks as well as its own offices conducting government business will keep t... »

Banks suffer as farmers are unable to repay loans

Our Bureau

Banks in Andhra Pradesh continue to face problems as farmers are unable to repay agricultural loans, thanks to the government’s loan-waiver scheme. “Banks in the State are now in the rece... »

Regional banks come under RuPay cards

Our Bureau

National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in the country, has enabled all 56 regional rural banks (RRBs) under its cen... »

Catholic Syrian Bank to file for $80 mn IPO in April


India's Catholic Syrian Bank Ltd will file a draft listing prospectus by the end of April, paving the way for an initial public offering to raise nearly $80 million, two sources involved in the pr... »

Pipavav lenders approve CDR

Beena Parmar

Lenders to Pipavav Defence & Offshore Engineering have finally approved the much-delayed CDR (corporate debt restructuring) package. They have a loan exposure of close to ₹7,500 crore to th... »

New RBI guidelines could spell disaster for MSMEs, says top SBT official

Vinson Kurian

RBI guidelines effective next month which seek to qualify any business loan restructuring to be classified as NPA could spell disaster for the micro, small, medium enterprises. The threa... »

RBI eases lending curbs on United Bank; shares up 5%

Our Bureau

The Reserve Bank of India has removed the restriction imposed on United Bank of India for sanction of credit / participation in restructuring proposals. This is significant in view of fresh slippa... »

MUDRA Bank launch on April 8

Our Bureau

Prime Minister Narendra Modi will launch MUDRA (Micro Units Development and Refinance Agency) Bank on April 8. On Wednesday, Financial Services Secretary Hasmukh Adhia chaired a stakeholders me... »

Natural calamities: Many waivers for the affected

Our Bureau

Banks can provide a host of relief measures, including relaxing know-your-customer (KYC) norms, waiving ATM fees, and increasing ATM withdrawal limits to customers in areas affected by natural... »

Jaitley favours interest rate cut, but leaves decision to RBI

Our Bureau

Economy still has a lot of distance to cover: Finance Minister »

Cosmos Bank opens new Mumbai branch

Corp Bank opens ‘e-Lobby’

Exim Bank green bond issue raises $500 mn

Standard Chartered appoints new Group CIO

LIC keen on buying long-term government bonds

Traders see RBI hand in checking rupee gains

Ratan Tata invests in Grameen Capital

Rajalakshmi Nirmal and Radhika Merwin of the BL Research Bureau discuss the role of asset reconstruction companies (ARCs) in the banking sector and how they deal with bad loans.


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