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Shaktikanta Das meets PSB heads, reiterates call for faster transmission

Acknowledging the "discernible improvements in the banking sector," Das pointed out that there still are several challenges to be addressed, particularly in regard to stressed asset resolution and credit flows to the needy sectors.

RBI Governor Shaktikanta Das asks PSU banks to digitally enable one district each

Under the Aspirational District programme, mandates corporates to adopt a district each under their respective CSR schemes and improve on the developmental indicators.

Indian banks' loans rise 12% Y/Y in fortnight to July 5

Non-food credit rose 494.3 billion rupees to 96.27 trillion rupees, while food credit fell 6.5 billion rupees to 707.7 billion rupees.

Bandhan Bank to open more branches in search of deposits

A 36% higher net interest income helped the lender offset the impact of higher provisions on account of bad loans. Net interest margin remained higher at 10.45% for the first quarter.

50 years of bank nationalisation: How Indira Gandhi changed banking

On July 20, 1969 then Prime Minister, Indira Gandhi, nationalised 14 major banks - a move that was as politically motivated as it was economically motivated.

View: Modi should starve India's state banks, not celebrate them

Too little has changed. A banking sector that should be stimulating growth remains inefficient and wasteful.

Private sector banks go easy on correspondents network

PSBs cite high compliance costs and rising operational expenses as reasons.

NCLT allows the Ministry of Corporate Affairs plea to implead 22 more parties

The latest move to implead 22 parties includes leading auditors - Deloitte and BSR & Associates, an affiliate of KPMG.

IL&FS: NCLT allows govt to prosecute auditors Deloitte, BSR; C Sivasankaran and 2 independent directors

The corporate affairs ministry can now go ahead with prosecution based on the probe conducted by the SFIO.

Standard Chartered to be first foreign bank to launch ops at GIFT IFSC; may open branch this year

Standard Chartered has received in-principle regulatory approvals to set up its IFSC Banking Unit in Gujarat International Finance Tec-City (GIFT City), it said in a release.

RBI wants audit firm partners under lens to stay off banks

RBI wants audit firm partners under lens to stay off banks

However, the outcome is that banks are inundated with queries from auditors while they go through the books.

BoB-led lenders, JBF Industries to sign inter-creditor pact

BoB-led lenders, JBF Industries to sign inter-creditor pact

Bank of Baroda had filed an insolvency resolution petition against the maker of polyester-based products at the Ahmedabad bench of the National Company Law Tribunal in September.

Postal deposits may not be as big a threat for banks as perceived

Postal deposits may not be as big a threat for banks as perceived

Although fresh mobilisation of small savings was 30% higher in FY19 over the preceding fiscal, it was actually the second lowest in a decade.

Allahabad Bank reports SEL Manufacturing's $100 million fraud

Allahabad Bank reports SEL Manufacturing's $100 million fraud

State-run Punjab National Bank Ltd and Punjab & Sind Bank Ltd have also reported similar frauds amounting to more than 40 billion rupees by the steelmaker.

Punjab & Sind Bank flags fraud in Bhushan Power account

Punjab & Sind Bank flags fraud in Bhushan Power account

State-owned Punjab & Sind Bank Wednesday reported over Rs 238 crore fraud by Bhushan Power and Steel.

EY’s legal head joins a local subsidiary of RBS group as head legal

EY’s legal head joins a local subsidiary of RBS group as head legal

Amar Kumar Sundram, the national director for legal and general counsel at EY, will join the RBS Group subsidiary.

BANKING STOCKS
NSE
BSE

Company NameLatestChange%ChangeVolume
Nifty Bank29770.35-660.25-2.160
HDFC Bank2375.65-36.25-1.52234807
State Bank of India356-7.65-2.122213173
State Bank of Bikaner and Jaipur771.857.550.99216408
State Bank of Travancore608.758.051.341331860
Kotak Mahindra Bank1498.9-39.35-2.562094229
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