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Manju AB

  • 'Nabard on lookout for long-term development funds'

    Harsh Kumar Bhanwala, chairman of Nabard, scotched all rumours of a possible reverse merger of Nabard with the Reserve Bank of India (RBI), saying there has been no talks on this. With the balance sheet of the institution having grown nearly 60% in the 33 years of its existence, he says the...

    Friday, 27 March 2015 - 5:55am
  • RBI plans to review joint lenders' forum

    Move comes after small banks petition the central bank and the finance ministry of getting a raw deal from big banks while deciding on corrective action on stressed loan accounts

    Thursday, 26 March 2015 - 7:40am
  • Public sector banks taking to the streets to recover bad loans

    To recover dues, public sector banks are holding placards in front of companies, visit villages and announce defaulters names by beating drums

    Tuesday, 24 March 2015 - 10:45am
  • Andhra Bank employees have recovered 95,000 bad debt accounts: CVR Rajendran

    Andhra Bank is on a mission. The mid-sized public sector bank aims to recover the Rs 6,000 crore of bad debt. Its employees are protesting outside the premises of the loan defaulters, and the protest is quite infectious with peers from other banks starting similar protests to recover bad debts for...

    Tuesday, 24 March 2015 - 10:46am
  • RBI governor meeting UN secretary general is new phishing ploy

    Got an email from the Reserve Bank of India (RBI) governor Raghuram Rajan requesting you to transfer funds for winning a lottery for which you never bought a ticket or for receiving inheritance from an unknown relative who left a will bequeathing you a fabulous fortune.

    Monday, 23 March 2015 - 6:21am
  • Kingfisher House sale on hold as banks, I-T department fight

    It may take a while for banks to auction off the Kingfisher House at Vile Parle, with the consortium of banks and the tax authorities fighting a legal battle over the property.

    Tuesday, 17 March 2015 - 7:56am
  • Wilful defaulters need not appear before bank committees

    RBI disbands grievance redressal committee and ask banks to set up two committees to declare wilful defaulter between them

    Friday, 13 March 2015 - 5:50am
  • Banks to restructure a record Rs 1 lakh crore worth of loans

    The two large loan accounts being restructured, Bhushan Steel's loan account stands at Rs 39,000 crore and Bajaj Hindustan over Rs 6,000 crore

    Thursday, 12 March 2015 - 12:00pm
  • FM to discuss stalled projects, bad loans with bank chiefs today

    Intro: On the agenda, FM to also discuss profitability of banks and push lenders to finance non-renewable sources of energy

    Wednesday, 11 March 2015 - 9:18am
  • RBI buys dollars, pulls down rupee below 62

    Reserve Bank of India (RBI) intervened in the forex market on Wednesday, buying up dollars in the spot forex market when the rupee started to gain hitting a one-month high at Rs 61.91 to a dollar after the repo rate was cut.

    Thursday, 5 March 2015 - 6:10am