IBA will hire an advisory firm to assist Banks Board Bureau to appoint wholetime directors and develop strategy for leadership development in PSBs.
The government should consider privatising PSBs as over Rs 2.6 lakh crore capital infusion in the past eleven years has had limited impact in improving their health.
Bankers' body IBA will meet tomorrow to deliberate on the Rs 11,400 crore fraud involving Nirav Modi and Punjab National Bank (PNB), sources said.
Australia’s largest banks have stepped up screenings of mortgage loan applications amid a powerful govt-backed inquiry into nation’s lenders and their sales practices.
Sebi is likely to probe possible disclosure lapses by banks and other listed companies, including several jewellery firms.
Persistent rise in bond yields is likely to shave Rs 30,500 cr from the banks' balance-sheets in the current financial year, warns a report.
Nordic banks may form a joint regional system to facilitate payments, to stave off competition from fintech upstarts and Silicon Valley giants.
PSBs may need capital of Rs 2.06 trillion for a credit growth of the 8-9 per cent in the financial year 2019, says a report.
The Sensex jumped over 330 points, or 0.97 percent, to close at 34,413.16, while the NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
Healthy buying activities in stocks of healthcare, banking and auto stocks pushed the key Indian equity indices higher on Thursday after seven consecutive days of losses.
To Issue Rs 8800 Cr worth equity shares on preferential basis to GoI
SBI puts Rs 1935 Cr worth loans up for sale to 24 entities
Seeks bids on cash basis or a mix of cash and security receipts
Approves Issue Price At Rs 300.82/Share For Preferential Issue To Govt
Financial Express Reports
POWER GRID CORP
Emerges as lowest bidder for Rs 1000 cr project
To set up Vindhychaal-Varanasi 765 KV transmission line
Financial Express Reports
Arm To Buy 65% Stake In Indian Film Combine Pvt For Rs 1,105 Cr
Arm To Also Buy 20% Of Indian Film Combine From Xander Group Arm, 45% from Co's Promoter Group
Announces successful regulatory inspection from USFDA for API Facility for Hyderabad Facility
AVIATION IN FOCUS
Jan Domestic Air Passenger Traffic At 1.15 Cr, Up 19.7% YoY
Air India Jan Passenger Load Factor At 84.6% vs 81.8% MoM
Jet Airways Jan Passenger Load Factor At 88.7% vs 88.5% MoM
IndiGo Jan Passenger Load Factor At 89.7% vs 90.8% MoM
SpiceJet Jan Passenger Load Factor At 95.0% vs 95.6% MoM
Air India Jan Market Share At 13.3% vs 13.1% MoM
Jet Airways Jan Market Share At 14.3% vs 14.6% MoM
IndiGo Jan Market Share At 39.7% vs 39.4% MoM
SpiceJet Jan Market Share At 12.6% vs 12.7% MoM