Das, however, argued that India needs softer rates to push growth.
RBI Governor Shaktikanta Das held a meeting with country’s top bankers on Thursday and nudged them to reduce the financing cost to encourage investment.
The general insurance firm is now busy working on a future business plan as a pre-requisite for valuation.
Shareholders approved Uco's plan to raise Rs 1,000 crore through qualified institutions placement.
The govt is expected to provide another Rs 12,500 crore of capital in the current quarter to banks that have capital ratios below the mandatory level.
The RBI removed Bank of Maharashtra, Bank of India and Oriental Bank of Commerce from the PCA on January 31.
The umbrella body of nine trade unions -- which holds wage revision talks on the behalf of their members with the Indian Banks' Association (IBA).
When India adopted inflation targeting, it chose CPI. To look at anything else would be shifting the goal post.
The transfer and offloading of assets is necessary as the lender is in the process of winding up its lone overseas branch in Hong Kong.
SBI’s loans to Essar were under different heads, including working capital, term loans and corporate loans.
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