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IDBI Bank to sell stressed assets worth Rs.10,000 crore in 2019

IDBI Bank, one of the public sector banks in the country, is planning to sell Rs.10,000 crore worth ($1.4 billion) of its stressed assets...

3 more public sector banks come out of Prompt Corrective Action...

In what is good news for public sector banks across the country, the Reserve Bank of India has taken out 3 more public sector...

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...

Government of India appoints 14 EDs in various public sector banks

As per an order that was issued on September 20, the government has appointed 14 individuals who are currently serving as general managers in...

Bank of India invites bids for 45 stressed accounts worth Rs.8,800...

Bank of India, the state-owned public sector bank based in Mumbai, has invited bids from asset reconstruction companies for the sale of Rs.8,800 crore...

Bank of India to raise Rs.1,000 crore through sale of non-core...

Bank of India, a public sector bank based in Mumbai, is reportedly looking forward to raising Rs.1,000 crore by selling some of its non-core...

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...

Reserve Bank of India to transfer surplus of Rs.50,000 crore to...

In a windfall for the central government, the Reserve Bank of India has approved to transfer a sum of Rs.50,000 crore to the centre....

Punjab National Bank and other PSBs to get capital infusion of...

The government is likely to provide capital infusion of around Rs.8,000 crore to about six PSBs that have fallen short of capital requirements. The...

Capital infusion into PSBs not sufficient to support credit growth: Moody’s

Global credit rating agency Moody’s stated that the government’s ambitious plan of capital infusion to the tune of Rs.2.11 lakh crore into public sector...