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SBI And Subsidiaries Merger

State Bank of India, has requested for at least 30 days’ time from the announcement of the effective date of merger of associate banks for consolidation of their books.  Thus the merger of SBI with its five subsidiaries, may be carried over to the next financial year ie., 2018. Meanwhile, the Cabinet has approved the

SBI And Subsidiaries Merger

State Bank of India, has requested for at least 30 days’ time from the announcement of the effective date of merger of associate banks for consolidation of their books.  Thus the merger of SBI with its five subsidiaries, may be carried over to the next financial year ie., 2018. Meanwhile, the Cabinet has approved the

HEAVY DEBT FIRMS TO SELL ASSETS BY MARCH’17

The losses of banks have been mounting to the tune of Rs. 15,000 crores per quarter, due to the stressed companies which has prompted the banks to ring the alarm bell.   The banks have asked the heavy firms to speed up the process of sale of assets before March 31, this year. Banks have been

HEAVY DEBT FIRMS TO SELL ASSETS BY MARCH’17

The losses of banks have been mounting to the tune of Rs. 15,000 crores per quarter, due to the stressed companies which has prompted the banks to ring the alarm bell.   The banks have asked the heavy firms to speed up the process of sale of assets before March 31, this year. Banks have been

Psu Banks’ Stress Level Comes Down

Big Public Sector Banks (PSBs) have shown good recovery progress, after seeing a stressful nine months period covering April to December of the financial year, when compared to the previous financial year covering the same period.   This has boosted the confidence level of the bankers.  The stumbling bad accounts of large borrowers in the form

Psu Banks’ Stress Level Comes Down

Big Public Sector Banks (PSBs) have shown good recovery progress, after seeing a stressful nine months period covering April to December of the financial year, when compared to the previous financial year covering the same period.   This has boosted the confidence level of the bankers.  The stumbling bad accounts of large borrowers in the form

PNB PLANS TO APPROACH NCLT FOR RECOVERY OF OVERDUES

The Public Sector Bank Punjab National Bank, has now planned to bring around 250 defaulters to the National Company Law Tribunal (NCLT) with a view to recover the over dues.    In line with this, the bank has advised each Circle office to identify at least five defaulters who can be taken to the NCLT.  Punjab

PNB PLANS TO APPROACH NCLT FOR RECOVERY OF OVERDUES

The Public Sector Bank Punjab National Bank, has now planned to bring around 250 defaulters to the National Company Law Tribunal (NCLT) with a view to recover the over dues.    In line with this, the bank has advised each Circle office to identify at least five defaulters who can be taken to the NCLT.  Punjab

Six-member Monetary Policy Committee (MPC)

BE/RBI/3/2017 When the six-member Monetary Policy Committee (MPC) of the Reserve Bank meets on February 7 and 8, their decision on a possible rate cut will be influenced by the budget outcomes more so with due anxiety placed on the impact of demonetisation on growth and a gentle inflation outlook despite rising fuel prices. Many

Six-member Monetary Policy Committee (MPC)

BE/RBI/3/2017 When the six-member Monetary Policy Committee (MPC) of the Reserve Bank meets on February 7 and 8, their decision on a possible rate cut will be influenced by the budget outcomes more so with due anxiety placed on the impact of demonetisation on growth and a gentle inflation outlook despite rising fuel prices. Many