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Finance Ministry considering proposal to increase Chief General Managers posts in PSU banks: Report

Finance Ministry considering proposal to increase Chief General Managers posts in PSU banks: Report

Sun, Oct 20, 2024

As per existing government guidelines, there can be one Chief General Manager (CGM) for four General Managers in a public sector bank (PSB).

SBI Aims for Rs 1 Lakh Crore Profit

SBI Aims for Rs 1 Lakh Crore Profit

Thu, Sep 26, 2024

State Bank of India Chairman announces the bank's goal to become the first financial firm to achieve a profit of Rs 1 lakh crore. This ambitious target reflects SBI's growth strategy and commitment to expanding its financial services.

Income Tax is very serious about tax evasion!

Income Tax is very serious about tax evasion!

Mon, Sep 23, 2024

Hinduja Group under major investigation, Hinduja Group on the radar of Income Tax Department, very serious income tax allegation regarding tax evasion, know the complete details in this video.

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Nirmala Sitharaman: Banks recovered more than 2 lakh crore through NCLT

Nirmala Sitharaman: Banks recovered more than 2 lakh crore through NCLT

Sun, Dec 29, 2019

On December 28, Finance Minister Nirmala Sitharaman has said that the Banks recovered more than 2 lakh crore through NCLT. She also said that from January 1, 2020 the companies with an annual turnover of ₹50 crores or more will have to provide the facility of payment through RuPay Debit card and UPI to their customers and MDR charges will be applicable. #ZeeBusiness #NirmalaSitharaman #BankingSector

Modi government takes this big step for assets attached by Public Sector Banks

Modi government takes this big step for assets attached by Public Sector Banks

Sun, Dec 29, 2019

In a key development, Finance Minister Nirmala Sitharaman here on Saturday launched a common e-auction platform for assets attached by the public sector banks (PSBs).

Capital infusion: Big Rs 8,655 crore shot in arm for these three banks - All you need to know

Capital infusion: Big Rs 8,655 crore shot in arm for these three banks - All you need to know

Sat, Dec 28, 2019

Three PSU Banks -- Allahabad Bank, Indian Overseas Bank and UCO Bank - have got Rs 8,655 crore fresh capital infusion from the government.

Karvy Ban Latest News: What is the entire matter? What investors, banking community should know about this SEBI case - Expert explains in brief

Karvy Ban Latest News: What is the entire matter? What investors, banking community should know about this SEBI case - Expert explains in brief

Thu, Nov 28, 2019

There is a big crisis of confidence brewing in the stock broking space after SEBI imposed a ban on Karvy Stock Broking from taking on new clients.

PK Gupta: Recession has not affected retail banking much

PK Gupta: Recession has not affected retail banking much

Thu, Nov 14, 2019

The Managing Director of SBI retail banking PK Gupta has said, Recession has not affected retail banking.

Merger of banks is completely beneficial for banking sector: Mallikarjuna Rao

Merger of banks is completely beneficial for banking sector: Mallikarjuna Rao

Sat, Sep 14, 2019

MD & CEO of Allahabad Bank Mallikarjuna Rao said that the Merger of banks is totally beneficial for the banking sector.

Nirmala Sitharaman announces mega bank merger: 5 key takeaways

Nirmala Sitharaman announces mega bank merger: 5 key takeaways

Fri, Aug 30, 2019

FM Nirmala Sitharaman today announced a big banking reform initiative of the PM Narendar Modi led NDA government in which 10 public sector banks (PSBs) would be merged into four entities.

Big Bang Change! Modi govt announces bank-merger scheme; PNB, Oriental Bank and United Bank to be first to merge

Big Bang Change! Modi govt announces bank-merger scheme; PNB, Oriental Bank and United Bank to be first to merge

Fri, Aug 30, 2019

Sitharaman said that this consolidation of banks will have 82% business, rest will vest with others.

Removed! Parvez Ahmad no longer J&K Bank Chairman; RK Chibber appointed interim chief

Removed! Parvez Ahmad no longer J&K Bank Chairman; RK Chibber appointed interim chief

Sat, Jun 08, 2019

In a major development, the Jammu and Kashmir government Saturday removed J&K Bank Chairman Parvez Ahmad.

Requirement of some changes in Banking Sector

Requirement of some changes in Banking Sector

Mon, May 27, 2019

In this segment of Zee Business know why there is requirement of some changes in Banking Sector.

Niti Aayog appeals to reduce cost of capital of banks

Niti Aayog appeals to reduce cost of capital of banks

Fri, Feb 22, 2019

The government has done a lot to improve governance in the banking sector which is beginning to contribute again, Niti Aayog Vice Chairman Rajiv Kumar said .

Budget 2019: Public sector banks' recapitalisation complete, no fiscal support in FY20

Budget 2019: Public sector banks' recapitalisation complete, no fiscal support in FY20

Sat, Feb 02, 2019

State owned banks are expected to start 2019-20 on a strong financial footing as the Budget document of FY20 showed no recapitalisation drive for the banks.

Banking sector outlook to stay negative till capital positions

Banking sector outlook to stay negative till capital positions

Mon, Aug 13, 2018

The outlook for the country's banking sector is likely to remain negative until its capital position strengthens in proportion to the bad loans and weak financial performances, according to Fitch Ratings.

Did you invest in Chit fund? Massive benefit may come soon

Did you invest in Chit fund? Massive benefit may come soon

Fri, Aug 10, 2018

The All India Association of Chit Funds in their memorandum submitted to the Committee requested for allowing a chit fund company to mention under their name as 'A ROSCA Institution' (Rotating Savings and Credit Association).

RBI Financial Stability Report FY18: 5 sectors pose credit risk for banks

RBI Financial Stability Report FY18: 5 sectors pose credit risk for banks

Wed, Jun 27, 2018

GNPA of SCBs rose to 11.6% in FY18 compared to previous 10.2% in September 2017. This would be be 140 basis points increase in GNPA in just seven months of FY18.

RBI Financial Stability Report FY18: PSB outlook haunted by stressed asset issue

RBI Financial Stability Report FY18: PSB outlook haunted by stressed asset issue

Wed, Jun 27, 2018

GNPA of SCBs rose to 11.6% in FY18 compared to previous 10.2% in September 2017. This would be be 140 basis points increase in GNPA in just seven months of FY18.

How resilient is India against shocks? RBI Financial Stability Report makes for worrying reading

How resilient is India against shocks? RBI Financial Stability Report makes for worrying reading

Wed, Jun 27, 2018

RBI highlights that the problem of SCBs is not over and that gross NPAs will keep going up.

It's 'fear mongering': BSE CEO on talk of India's banking sector crisis post PNB fraud case

It's 'fear mongering': BSE CEO on talk of India's banking sector crisis post PNB fraud case

Mon, Apr 09, 2018

BSE CEO Ashish Chauhan said that the size of the Indian banking system is "Rs one crore crore". "In India we (banks) charge 12 per cent per annum from people who borrow. People who lend to the banks, we give them only four per cent. So basically, the banks earn eight per cent (profit).

Banks stare at $38 bn new dud loans from power sector: Report

Banks stare at $38 bn new dud loans from power sector: Report

Wed, Apr 04, 2018

The report is based on the fact that as much as 71 gigawatt (gw) of private sector coal-based projects are facing bankruptcy filings at various NCLTs, implying probable resolution from June 2019 and it expects an average 75 per cent write-off in these loans. Of the USD 178 billion loan, the distribution companies have USD 65 billion, generation companies have USD 77 billion, and transmission firms have a debt burden of USD 36 billion, says the report penned by BofA-ML research analysts Amish Shah and Sriharsh Singh.

New Year 2018: Markets open flat; banking shares rally on BSE Sensex

New Year 2018: Markets open flat; banking shares rally on BSE Sensex

Mon, Jan 01, 2018

Banking sector shares cheered on Monday as it received fresh capital infusion from the government.

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