How India's banks ran up a $7 billion phone bill

Take Reliance Communications Ltd. After more than a year and a half of kicking the can down the road, the erstwhile Indian telecom operator is filing for bankruptcy.

from Banking/Finance-Industry-Economic Times http://bit.ly/2S4RNi1

ADB buys 14% stake in Annapurna Finance

The expansion of equity will help the firm expand its loan portfolio in asset classes such as MSME and affordable housing, beyond its bread and butter microfinance.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Snas7V

P V Bharathi assumes charge as CEO of Corporation Bank

Bharathi has been executive director of Canara Bank since September 15, 2016 and served as the firm's general manager in the risk management wing. She has more than 37 years of experience in the banking industry.

from Banking/Finance-Industry-Economic Times http://bit.ly/2MKUjnL

FM Piyush Goyal to address RBI board on Feb 9

According to sources, the board meeting on February 9 would also take up request of the government for interim dividend for the current fiscal.

from Banking/Finance-Industry-Economic Times http://bit.ly/2MOoque

Blackstone pips Baring, Hero Fincorp to buy Aadhar Housing Finance for Rs 2,700 crore

The company was looking at this deal to free up capital and use the fund to ease liquidity pressure on Dewan Housing Finance.

from Banking/Finance-Industry-Economic Times http://bit.ly/2S2WhFL

Budget 2019: Govt wants banks to be profitable, efficient

However, the interim finance minister has not earmarked any capital outlay for the NPA-ladent NPAs.

from Banking/Finance-Industry-Economic Times http://bit.ly/2S5bDJS

Budget 2019: Banks to also reap the benefits

The government has allocated a yearly budget of Rs 75,000 crore for this programme.

from Banking/Finance-Industry-Economic Times http://bit.ly/2MKDg5h

Credit growth set to take off with PSU banks on the mend

Recoveries, capital infusion have set the stage for jump in credit delivery.

from Banking/Finance-Industry-Economic Times http://bit.ly/2TwDnE9

SBI denies data breach,says servers,customer data fully secure

The nation's largest lender State Bank of India Friday denied reports that its servers have been compromised last week and assured that all its customer data continue to remain safe and secure.

from Banking/Finance-Industry-Economic Times http://bit.ly/2MOvXtm

IDBI loan fraud case: ED attaches Rs 224 crore worth of assets of firms linked to C Sivasankaran

The ED, in a statement, said the assets include land parcels and office premises located at MRC Nagar and T Nagar in Chennai, mutual funds and deposits available in bank accounts.

from Banking/Finance-Industry-Economic Times http://bit.ly/2S3IONO

Industry expects budget boosting insurance peneration

"The interim budget aims to uplift the poor, both in cities as well as in villages," ICICI Lombard General Insurance's Bhargav Dasgupta said.

from Banking/Finance-Industry-Economic Times http://bit.ly/2CXYCYn

Yes Bank senior group president Pralay Mondal resigns

Mondal, who had joined Yes Bank in 2012, was one of the two senior officials who were elevated to the post of Executive Directors in September last year.

from Banking/Finance-Industry-Economic Times http://bit.ly/2MLMaPD

Other banks to be out of PCA framework soon, says FM Piyush Goyal in Budget 2019

Various steps taken by the government has helped the banks significantly and as a result three banks are out of the PCA framework, he said while presenting the Interim Budget for 2019-20.

from Banking/Finance-Industry-Economic Times http://bit.ly/2G1FnRE