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3 mins read
Indian Overseas Bank lost six years and half its business to clean up its bad loans but the market is cheering
Shares of Indian Overseas Bank scaled new heights, as the Reserve Bank of India (RBI) lifted the ba…
1 min read
IOB asks Union Bank to buy its stake in Malaysian bank
Though Sengupta said the IOB is expecting to be out of the PCA fold as it fulfills the RBI…
1 min read
UCO Bank aiming to come out of the RBI's PCA framework
Addressing analysts here last week, its managing director and chief executive Atul Kumar Goel said…
PTI
2 mins read
IDBI Bank strives to come out of RBI PCA framework this fiscal: MD
"Your Bank is cautiously optimistic of an early exit from the PCA framework in FY2020-21 as it bui…
PTI
2 mins read
IDBI to meet RBI this week; seeks to exit PCA framework
Mumbai, Jan 16 () LIC-owned IDBI Bank, currently under prompt corrective action since May 2017, is …
PTI
2 mins read
IDBI Bank likely to be out of PCA framework in fourth quarter
New Delhi, Dec 22 () LIC-controlled IDBI Bank expected to come out of the Prompt Corrective Action …
PTI
2 mins read
Efforts of banks under PCA frameworks are being monitored: RBI Governor
Last year in August, the government announced the consolidation of ten public sector banks (PSBs) i…
PTI
3 mins read
An end to the spat between the RBI and the government could be in sight as the board of the central bank prepares to meet next week
After initially refusing to loosen restrictions under the framework, it appears that the RBI m…
3 mins read
India’s government wants to dilute an important corrective programme for the nation’s struggling lenders — and the central bank is having none of it
The Reserve Bank of India (RBI) and the central government are in the midst of a very public confro…
2 mins read
India’s finance ministry claims that state-owned banks will recover 20% of their bad loans this year
While a number of large accounts are expected to be resolved under the Insolvency and Ban…
3 mins read
India’s small businesses could escape their short term financing issues
Piyush Goyal, who has been given temporary charge of the finance ministry until Arun Jaitley recov…
3 mins read
Like it or not, influencers are probably here to stay on the red carpet
Billie Eilish's reported comments sparked debate about influencers at red carpet events, but creato…
Palmer Haasch
2 mins read
BCCI to spend Rs 500 crore to upgrade five major stadiums ahead of World Cup
The BCCI is planning a massive renovation of at least five major stadiums, with an estimated cost o…
PTI
3 mins read
An American got high in the middle of a poker tournament and went on to win the $666,000 jackpot
Florida man Martin Zamani now has $4,333,100 in poker tournament earnings after seemingly saying ma…
Alan Dawson
3 mins read
TikTok is obsessed with using beef tallow for smooth skin but there are better and cheaper skincare options
Beef tallow is rendered fat that has hydrating vitamins and lipids. Still, dermatologists recommend…
Julia Pugachevsky
2 mins read
Government is reportedly planning to privatise Indian Overseas Bank and Central Bank of India — stocks jump up to 20%
The news triggered shares of both the banks as they spiked up to 20% in Wednesday’s trade. At …
2 mins read
A deaf-blind swimmer pulled out of the Olympics because her mother - who doubles as her caretaker - is not allowed to travel with her
Paralympian swimmer Becca Meyers won gold at Rio in 2016, but won't be competing in Tokyo because t…
Jackson Thompson
3 mins read
Rolex Rings’ IPO to help company focus on growth and come out of corporate debt restructuring
Automotive components manufacturer Rolex Rings’ initial public offering (IPO) has opened and the co…
2 mins read
ICSE, ISC board results to be declared today — Here’s how to check online
Council for the Indian School Certification Examinations (CISCE) to announce ICSE (Class 10) and I…
1 min read
Clix Capital eyes stake in Lakshmi Vilas Bank
"In the event, the discussions between the contracting parties in relation to the proposed transact…