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3 mins read
India’s small businesses are suffering from a shortage of credit options
However, funding is harder to come by for this segment. As a result of a pileup in non-perfor…
3 mins read
Indian markets cheer government’s cash support for its ailing banks
Rather than dipping into its own pockets, the government will raise funds for the initiativ…
2 mins read
Regulators Propose $2.75 Million Penalty Against Boeing For Quality Control Violations
In September 2008, Boeing discovered that it had been installing nonconforming fasteners on its mod…
Alex Davies
2 mins read
Question of autonomy — As the Indian government tries to strong arm the country’s central bank, its governor threatens to resign
By putting that section in play, the government can issue orders to the central bank, which …
2 mins read
Lakshmi Vilas Bank net loss narrows to Rs 334 cr in Dec quarter
"The Reserve Bank of lndia (RBI) has initiated prompt corrective action vide letter dated Septembe…
PTI
2 mins read
Citigroup slammed with $400 million fine for 'longstanding failure' to resolve its risk and data systems
Under the order, Citigroup must seek regulatory approval before making any significant acquisitions.
Shalini Nagarajan
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
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…
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
1 min read
This Indian bank is attracting the Govt’s attention for all the wrong reasons
"It is being discussed with the bank. There was a review meet and the bank is submitting its respon…
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…
1 min read
IDBI Bank shares plunge over 6 pc after Q3 earnings
A one-time tax hit of Rs 6,273 crore left IDBI Bank deep into the red for the 13th consecutive qua…
PTI
2 mins read
FAA let American Airlines fly planes that shouldn't have been considered airworthy after maintenance oversight lapses, DoT investigation finds
The FAA did not ensure American was properly assessing risk and allowed the airline to implement in…
Taylor Rains
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…
2 mins read
Sarah Palin's lawsuit against The New York Times just got thrown out
He continued: "But if political journalism is to achieve its constitutionally endorsed role of chal…
Mark Abadi
1 min read
Dhanlaxmi Bank MD & CEO Sunil Gurbaxani takes charge
He has 35 years of banking experience with State Bank of Bikaner & Jaipur (now State Bank of In…
PTI
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…