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Indian banks pursue Vijay Mallya in UK High Court for assets disclosure

The consortium of PSU banks led by State Bank of India (SBI) have been pursuing the 63-year-old former Kingfisher Airlines boss in their attempt to recover some of the funds.

Loss of cheque to be compensated by bank: NCDRC; directs BoB to pay Rs 3L to customer

The state commission on January 20, 2016 allowed Divanji's appeal directing the bank to pay him Rs 3,60,000 and had set aside the district forum's order.

Bandhan Bank strengthens senior management

The bank said in a statement that Naryani would spearhead branch banking, wholesale banking, agri-business, retail lending, third party products and digital banking.

Banks take government to court over GST charge of Rs 18,000 cr

The government has accused the banks of bypassing the taxation process.

Kotak MF exposure in DHFL at Rs 140 crore

The total exposure of the mutual fund industry in the company is estimated at Rs 5,000 crore from 10 asset management companies (AMCs).

View: After 50 years of nationalisation, banking sector calls for crucial changes beyond modifying ownership

Reforms are more important than change of ownership for banks as fintech cos emerge as competitors.

Banking sector facing many challenges: Gadkari

Gadkari also listed ensuring transparency and giving returns on deposits as challenges before the banking sector.

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

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

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

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

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

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

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.

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