Bankers burning midnight oil to resolve Rs 3.8 trillion NPAs before Monday deadline

There are reports that lenders have identified at least 60 NPA accounts worth Rs 3.5 trillion against whom bankruptcy proceedings will be initiated.

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Big willful defaulters' dues to PNB drop to Rs 15,175 crore in July

New Delhi, Aug 26 () Liabilities of big willful defaulters of scam-hit Punjab National Bank (PNB) fell by 1.8 per cent to Rs 15,175 crore by July-end over the previous month, according the state-run's bank data.

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PSU banks plans closure of 70 overseas offices during this fiscal

According to the data, 159 branches of PSBs are operating in foreign countries, of which 41 branches were in losses in 2016-17.

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Punjab National Bank gets top rank in digital transaction as per Finmin report

The Nirav Modi scam-hit bank is also rated as the sixth overall amongst all banks in India for digital performance, PNB said in a statement.

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Top talent rushes to join domestic Investment Banks

Domestic banks have gained some of the brightest talent at the expense of foreign entities.

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Cosmos cyber fraud: Money withdrawn from 28 countries, cops say

On August 11 and 13, unidentified hackers targeted the bank's ATM switch server and stole details of VISA and Rupay ATM cards. They also attacked the interbank SWIFT system, and syphoned off Rs 94 crore in total.

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Banking industry to see write-backs: Official

"Indian banking sector is expected to see substantial write-backs by the end of this financial year on account of resolution of stressed assets," State Bank of India's (SBI) Group Economic Adviser Soumya Kanti Ghosh said.

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Improve governance practices or perish: RBI to UCBs

Since the fall of the Madhavpura Cooperative Bank scam of 2002, urban cooperative banks (UCBs) have been witnessing a steady fall in their market share.

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Resolution soon on 7-8 stressed power assets worth Rs 17,000 cr, says SBI MD

New Delhi, Aug 24 () State Bank of India managing director Arijit Basu said today that about 7-8 power sector projects worth Rs 17,000 crore are expected to be resolved soon as lenders are nearing consensus on these.

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PSBs should have operational freedom like private players to deal with issues: Official

Most of the problems in the banking sector are due to operational issues rather than ownership issues, he said at the banking conclave organised by the Centre for Economic Policy Research (CEPR).

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If you have this SBI ATM card, you will have to get it replaced. Check details here

SBI has urged the account holders, who have magstripe debit cards to shift to EMV chip debit cards by December 31st.

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Relax non-performing asset rules for Kerala loans: Banks

In the past, the central bank had granted forbearance for loans to small businesses during demonetisation. More recently, relief was granted to small borrowers impacted by the GST.

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Axis job imminent? Amitabh Chaudhry sells shares worth Rs 55 crore in HDFC Life

Data hints that Chaudhry sold 1,162,044 shares between April 26 and August 20 on the NSE.

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