A banking revolution: Looking at the sector through Jaitley's Budgets

Banking is one sector that has seen major changes after the NDA government came to power in May 2014.

from Banking/Finance-Industry-Economic Times http://bit.ly/2REliH3

IDBI Bank decides to continue with existing MD, DMDs

Insurance giant LIC has completed acquisition of 51 per cent controlling in the bank, IDBI Bank said in a regulatory filing on Monday.

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

View: India swaps bankruptcy teeth for dentures

The billionaire Ruia brothers have used every trick in the book to ensure their prized asset stays in the family, despite owing financial creditors 508 billion rupees ($6.3 billion) in unpaid dues.

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

Government stepping in to help expedite the resolution of top defaulters

The government has called a meeting on Monday with the resolution professionals and lenders of the dozen cases, three people familiar with the matter.

from Banking/Finance-Industry-Economic Times http://bit.ly/2W5JL6I

Some better performing banks likely to be out of PCA: Rajiv Kumar

Eleven out of the total 21 public sector banks are under the central bank's PCA framework, which imposes lending restrictions and prevents them from expanding, among other curbs.

from Banking/Finance-Industry-Economic Times http://bit.ly/2FEq1SF

Government sacks two Punjab National Bank executives for alleged lapses in $2 billion fraud: Sources

The government then fired two executives because "they failed to use global payments network SWIFT to detect the fraud", the sources said, declining to be identified because the reasons for the sacking have not been made public.

from Banking/Finance-Industry-Economic Times http://bit.ly/2ASYf0O

Lenders can move insolvency plea against guarantor without initiating CIRP for defaulting co: NCLAT

A three member bench of the appellate tribunal in a judgement said that corporate guarantors are also financial creditors.

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

United Bank of India to sell third party health cover to boost fee income

The Kolkata-based lender thus become a corporate agent of the health insurer.

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

NCLT allows ex-brass of IL&FS to withdraw Rs 2 lakh per month

On January 16, these former directors had approached NCLT seeking clarification on its earlier order that restrained them from disposing of or creating any third-party rights on their properties.

from Banking/Finance-Industry-Economic Times http://bit.ly/2TZ5Lyd

RBI approves appointment of V Vaidyanathan as MD, CEO of IDFC First Bank

Following the merger, the board of IDFC First Bank approved the appointment of Vaidyanathan as MD and CEO of the new entity.

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

India's banking system is on the cusp of a transformation: Shaktikanta Das

Commenting on the reasons behind the constant growth witnessed in the economy, the governor said, India's growth story is backed by strong domestic fundamentals.

from Banking/Finance-Industry-Economic Times http://bit.ly/2W2p8II

PSU banks withdraw aid to graft accused's legal battle

At present, a committee within banks decides the cases in which financial support is provided.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Fxm6qV

Why running a marathon is a stress buster for bankers in Mumbai

Races around the world court sponsors like Bank of America, Virgin Money, TCS or BMW claiming that they cater to an upper-income demographic.

from Banking/Finance-Industry-Economic Times http://bit.ly/2sx0fHp