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Jan Dhan account deposits nearing Rs.90,000 crore

Rolled out on 14 August 2014, as part of the financial inclusion drive by the Government of India, Jan Dhan accounts have since taken...

State-owned bank’s losses increase in Q2 due to bad loans

Though banks are reaching some sort of stability following the recent provisions by the Government of India to help banks focus on their lending...

Allahabad Bank reports Q2 net loss of Rs.18.2 billion

With the public sector bank being put prompt corrective action (PCA) by the Reserve Bank of India, along with other PSBs that have reported...

UCO Bank’s woes deepen as NPAs soar

With a number of public sector banks in the country put under prompt corrective action (PCA) by the Reserve Bank of India, and the...

Allahabad Bank to receive capital infusion of Rs.30.5 billion from the...

With the public sector bank being earlier put under prompt corrective action (PCA) by the Government of India for their net losses caused by...

Syndicate Bank receives capital infusion of Rs.728 crore from Government of...

Syndicate Bank, a leading public sector lender in the country, recently announced that it has received Rs.728 crore as capital infusion from the Government...

As part of recapitalization, Government injects Rs.23.5 billion in the Central...

With banks across the country being plagued with bad loans, non-performing assets, and net losses, as part of recapitalization, the Government of India has...

Banks collect more than Rs.11,000 crore over the last four years...

According to the Lok Sabha, banks across the country, 21 private sector banks and 3 public sector banks, have collected Rs.11,528 crore as penalty...

Government of India to Purchase 18 Bullet Trains for Rs.7,000 Crore...

The Government of India will be purchasing a total of 18 bullet trains for a sum of Rs.7,000 crore from Japan. The deal will...

Household cash savings highest in a decade despite demonetisation

In November 2016, the Modi-led Government called for the demonetisation of high-value currencies, more than 80% of physical currencies in circulation. The demonetisation was...