RBI opened five offices last fiscal taking the total tally to 20 for dealing with customer grievances. About 92% of the complaints received was dealt with last year.
The company, whose history dates back to 1781, has a debt about Rs 285 crore, which includes Rs 62 crore dues to operational creditors including suppliers and contractors.
RBI has transferred Rs 30,659 crore to the government for the accounting year 2016-17, which was 99.99% of its gross income less total expenditure for the 12-month period to June.
As part of exiting non-core business under the turnaround strategy, the bank is also set to merge its merchant banking subsidiary AllBank Finance.
It has 11 outlets at present in Kolkata, Durgapur and Bhuvaneswar.
Value of reserves held in gold rose $36.5 million to $20.703 billion, RBI data showed.
The promoters of the company did not submit resolution plans while it defaulted on a loan of about Rs 80 crore, where SBI has 95% exposure.
The tone of the policy document mildly cooled the 10-year G-sec yield while it led a 0.63% fall in BSE Sensex to 32,597.18.
The cautious tone of the central bank on price level and fiscal slippages is possibly an indication that interest rate cycle is bottoming out.
The one-year old health insurer is present in 34 cities now and about one-fifth of its business comes from retail at present.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon