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RBI norms to float co-operative banks 24 March 2012
The new guidelines will also include a provision under which well-managed cooperative credit societies can turn into co-operative banks, Karuppasamy said. “Well-managed credit societies and financially sound credit societies will be converted into co-operative banks provided they satisfy certain norms...
Keywords: NPAs, Reserve Bank, RBI executive director S Karuppasamy, RBI executive director S Karuppasamy
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Modi Govt Notifies Ordinance To Amend New Banking Regulation Act 05 May 2017
The Narendra Modi-led government, notified the ordinance to amend the new Banking Regulation Act, empowering the RBI and banks to start off bankruptcy proceedings against persistent defaulters. The Central Bank, as per the government’s notification, may order consent to the...
Keywords: Insolvency, Banking regulation act, Ordinance, Bankruptcy
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Q3 results: Canara Bank’s net profit dips 28 January 2012
Canara Bank has reported total income of Rs 24,741.47 crore in the first three quarters, compared to Rs 18,416.46 crore in the same period last financial year up by 34.3 per cent. Canara Bank, on Friday, reported a 20.81 per...
Keywords: Chairman & Managing Director S Raman, net profit, Canara Bank, global net interest margin
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NPAs worth 2,600-3,000 crore to be sold by Punjab National Bank 29 July 2015
PNB Executive Director Gauri Shankar said that PNB is planning to sell NPAs worth Rs 2,600-3,000 crore to ARCs. The total business of the bank has reached Rs 8,98,613 crore as on June 30, 2015 against Rs 7,92,405 crore a...
Keywords: Punjab National Bank, Non-performing assets, Non-performing assets, Punjab National Bank
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