Tuesday, February 7, 2023
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Banks Watch Bureau

Anil Kumar Lahoti (IRSE) takes over charge as Chairman & CEO of Railway Board

A 1984 batch officer of Indian Railway Service of Engineers (IRSE), Lahoti has an illustrious career with vast experience in Railway management and administration

Bank of Maharashtra profit doubles to Rs 535 cr in Q2

Bank of Maharashtra was able to reduce gross non-performing assets (NPAs) to 3.40 percent of the gross loans in September-end 2022 from 5.56 percent

Banks will play big role in making India a developed country by 2047: FM

Banking sector has to make a big contribution to making India a developed nation by 2047 said Finance Minister Nirmala Sitharaman at IBA's 75th AGM

Financial Inclusion: PSU banks to open about 300 branches in unbanked areas

PSU Banks will open about 300 brick-and-mortar branches in the unbanked areas of various states by December 2022 as part of the financial inclusion drive

Govt revamps BBB into Financial Services Institutions Bureau

Sources said the ACC has also approved the appointment of Bhanu Pratap Sharma, former Chairman, BBB as the initial chairperson of FSIB

No PSU employees involved in ABG scam: Finance Minister

The FM has told parliament that the CBI has registered a case against the company and its directors last month and no PSU employee has been found to be involved in the ABG scam

Banks privatization: No information so far, clarify Indian Overseas & Central Bank of India

Both the Indian Overseas Bank (IOB) and Central Bank of India have clarified that there has been no information regarding the reported privatization of the Banks

Moody’s raises Indian Banking System outlook to ‘stable’ from ‘negative’

Moody's upgraded the outlook for the Indian banking system to 'stable' from 'negative' citing moderate deterioration of asset quality since the onset of the pandemic

Indian Overseas Bank removed from PCA watchlist

Following improvement in various parameters and a written commitment that the state-owned lender will comply with the minimum capital norms, RBI removed Indian Overseas Bank from Prompt Corrective Action Framework (PCAF)

UCO Bank removed from Prompt Corrective Action (PCA) watchlist

State-owned UCO Bank has been removed from Reserve Bank's Prompt Corrective Action Framework (PCAF) watchlist following improvement in various parameters and a written commitment

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