Banking & Finance
SBI to sell Essar Steel’s NPAs worth 15,000 crore to recover dues
SBI plans to sell over Rs 15,000 crore worth bad loans belonging to Essar Steel to recover its dues from the debt-laden steel maker. State Bank of India (SBI) invites expression of interest (EoI) from...
Read moreExim Bank to get Rs 6,000 crore capital infusion: Cabinet
The government on Wednesday approved a capital infusion of Rs 6,000 crore in state-owned Exim Bank to expand its business. The Union Cabinet, chaired by Prime Minister Narendra Modi, also approved an increase in the...
Read moreRBI Governor to meet industry chambers on Thursday
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das will meet industry chambers on Thursday to understand their issues and concerns. After his taking over as 25th Governor of...
Read moreFinMin wants PSU banks to bring down govt equity to 52%
In a bid to align with the best corporate practices, the Finance Ministry has asked the public sector banks to gradually bring down the government's equity to 52 per cent,...
Read moreOnly 22% shareholders exit IDBI Bank following open offer by LIC
Only 22 per cent of the minority shareholders of IDBI Bank exercised their option of exiting the company in the open offer floated by Life Insurance Corporation (LIC), which is...
Read moreRBI net-seller of dollars in November, unwinding $644 million
The Reserve Bank remained a net seller of dollars in November 2018, as it sold $644 million of the greenback on a net basis in the spot market, according to...
Read moreYes Bank ties up with Kia Motors
Private sector lender Yes Bank on Friday said that it has inked a pact with Kia Motors for finance and banking solutions. According to the memorandum of understanding (MoU) inked...
Read moreDeveloping economies must get ready to cope with possible turbulence: World Bank official
There is an urgency for emerging markets and developing economies to get ready to cope with possible turbulence, a top World Bank official has said as she called on the...
Read moreBimal Jalan panel holds 1st meeting to examine reserve size of RBI; report likely in April
A high-level panel led by former RBI governor Bimal Jalan on Tuesday held its first meeting to decide on an appropriate size of reserves that the central bank should maintain...
Read moreRBI may pay govt up to Rs 40,000 crore interim dividend: Sources
The Reserve Bank of India (RBI), having changed management last month following a clash with the government, is likely to transfer an interim dividend of Rs 30,000-40,000 crore ($4.32 billion-$5.8...
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