10 years of banking sector: Pvt sector gains at cost of publ...

In the fourth of a six-part series, we look at the turning points in the banking sector


Reserve Bank's LoU ban not to impact West Bengal jewellery i...

Ravi Karel said margin sought was 85% of the credit, but now they were seeking a margin as high as 150%


Need to rethink public ownership of banks, says Aravind Subr...

I think we are now coming around more to the view that if you want this problem not to recur in the future, we cannot just throw money into a black hole, he sai...


CBI books Totem Infrastructure in Rs 13.94-bn bank loan frau...

The company figured in the list of the biggest tax defaulters released by the Income Tax Department in 2015 with an outstanding tax of over Rs 4 bn.


PNB suffers Rs 145 bn loss due to fraud in FY18 so far: Govt

PNB has stated that it has adequate assets or capital to meet any liability which may crystallise on the bank


PNB issued over 41,000 LoUs since 2011; 1,590 of them to Nir...

Following the scam, the Reserve Bank has stopped banks from issuing LoUs and Letters of Comfort for trade finance


PNB starts Mission Parivartan to curb repeat of another Nira...

A new monitoring group will be set up to keep track of whether cash flow from projects is being used to repay bank loans and that there are no slippages, source...


Litigation hurdles abound for RBI-recommended insolvency cas...

There have been a few strong bids for some of the biggest stressed assets: Bhushan Steel, Bhushan Power & Steel, and Electrosteel Steels


Alternative credit scoring partnerships help fintech compani...

Online lending marketplaces say their partnerships with credit information companies to offer free credit reports to customers makes their lending more efficien...


India's retail banking now bigger than Russia's but not clos...

With a loan book of $268 billion, India's retail banking is now ahead of Russia, Malaysia and Mexico but behind China, Brazil and Thailand


Despite record forex reserves, India's external finances at ...

The rupee is already among the worst performing currencies in Asia this year as foreigners pull money out of bonds and inflows into stocks slow


Honoured all Letters of Undertaking during 2011-16: PNB to F...

The bank also issued 234 LoUs worth Rs 18.8 bn to another group of companies promoted by Mehul Choksi in 2015 and 2016


It is projected that In India User base in English by 2021 will be 199 million while Indian language internet user base will grow to 536 million, or 75 percent of India's internet user base. Nine out of every ten new internet user in India over next 5 years are likely to be Indian language user. Indian language user are defined as literate user who prefer primary language to read, write and converse. The country's constitution has 22 official languages. According to census report 53.6% of Indian population speak Hindi either as first or second language, in which 41% of them have declared it as their native language or mother tongue. 12.6% Indians declared that they can speak English as . . .


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