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WATCH:Top 5 stories of this morning; From Infosys to relocate 3,000 employees to RJio approaches TRAI over license breach by telcos
Wed, Aug 17, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this morning: 1. SGX Nifty in red amid weak global cues
Bank strike hits operations; branches to remain open full day on July 30
Fri, Jul 29, 2016
Services at around 80,000 bank branches in the country were hit on Friday as employees of public sector banks went on one-day strike to protest the proposed merger of State Bank of India (SBI) associates with the parent and other issues.
Initial hiccups aside, these Payment Banks are closer to reality
Mon, Jul 25, 2016
From the total 11 applicants in an in-principle licence, four are expected to start its operations soon.
Failed first attempt: SBI drops Kingfisher logo's reserve price
Wed, Jul 20, 2016
Experts said that high reserve price could be the reason for no show of any potential bidder.
NPAs ratio in public sector banks up 9% in FY16
Tue, Jul 19, 2016
Bad loans in the public sector and scheduled commercial banks of India have risen in FY16 on the back of sluggish domestic growth, slowdown in recovery of the global economy and fall in exports.
Supreme Court to hear banks plea against Vijay Mallya on July 18
Thu, Jul 14, 2016
The Supreme Court (SC) said on Thursday that it would hear the contempt petition filed by a consortium of banks against businessman Vijay Mallya on July 18.
Public sector bank employees to go on strike from July 12
Sun, Jul 10, 2016
Banking operations could be hit for two days this week as a section of public sector bank employees have threatened to go on a nationwide strike beginning July 12 to protest against the proposed merger of SBI associates and privatisation of IDBI Bank.
Govt likely to make first round of capital infusion in PSBs within next few weeks
Mon, Jul 04, 2016
The Finance Ministry has finalised plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders within next few weeks.
SBI inks deal with World Bank worth Rs 4,200 crore to support solar programme
Sat, Jul 02, 2016
The agreements were signed by Karnam Sekar, Deputy Managing Director, SBI and Onno Ruhl, Country Director, World Bank India.
Reliance, SBI forms JV to set up payments bank
Fri, Jul 01, 2016
The Reserve Bank of India had granted an 'in-principle' approval to Mukesh Ambani-led RIL as a promoter for setting up of payments bank.
SBI enters into alliance with AmEx
Wed, Jun 15, 2016
India's largest lender, State Bank of India (SBI) and American Express have entered into alliance to expand AmEx card acceptance in India.
Loan default: SBI lawyer asks Vijay Mallya to disclose balance sheets to prove charges wrong
Wed, Jun 15, 2016
Sajan Poovaiah, counsel for Kingfisher Finvest, hit back at bankers' counsel, saying the bankers have been shameful in their endeavours to give loans to Mallya even after he had defaulted.
PSU bank stocks rise after RBI relaxes bad loan norms
Tue, Jun 14, 2016
The scrip of Punjab National Bank (PNB) surged 5.18%, Bank of India rose by 3.14%, Bank of Baroda climbed 2.43% on the Bombay Stock Exchange (BSE).
Vijay Mallya case: DRT to take up 7 Interlocutory Applications for final hearing
Tue, Jun 14, 2016
During the Debt Recovery Tribunal's (DRT) proceedings post-lunch session, counsel for Kingfisher Finvest India pleaded before the Presiding Officer to hear the company's three IAs, including the 'Lifting of Corporate Veil', which is being heard by the tribunal after the bankers' made the plea.
SBI begins work on framework to merge five associate banks with itself
Sun, Jun 12, 2016
"A team of 15-20 members has been set up and it has started working on the framework for the merger. The team is headed by a general manager and there are a few deputy general managers," a source said.
MCLR effect: Here's list of banks that lowered their interest rates
Thu, Jun 09, 2016
Marginal Cost Funds-based Lending Rate (MCLR) is the new methodology to calculate interest rate on advances.
Yes Bank, SBI trades nearly 2%; Axis Bank down post RBI policy
Tue, Jun 07, 2016
Banking stocks rise as Rajan decides to maintain status quo. The S&P BSE Bankex rose nearly 1% on Tuesday as Raghuram Rajan, Governor, Reserve Bank of India (RBI), decided to keep repo rate unchanged at 6.5%.
5 facts to know about Arun Jaitley's PSB meeting
Mon, Jun 06, 2016
Jaitley pointed out that PSBs actually made operating profits of Rs 1.40 lakh crore in 2015-16.
Defaulters won't be allowed to sleep well: Arun Jaitley
Sun, Jun 05, 2016
Jaitley, who was on a six-day visit to Japan to attract investments, said the losses were because of provisioning to cover for bad debt.
Kingfisher Airlines, United Breweries submit evidences before DRT
Thu, Jun 02, 2016
The court passed an ex-party order while hearing the petition that was filed by consortium of banks led by the State Bank of India seeking the same.