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Mumbai :: India | 4 months ago

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S till, the airline could not service its dues though the debt was recast and eventually became an NPA. Three years since the restructuring, lenders are still struggling to recover their money. The finance minister's word of caution along with RBI's

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Mumbai :: India | 5 months ago

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T he disturbing trend in the country's largest bank continues: as soon as State Bank of India (SBI) has a new chief, its profit plummets and bad loans mount. The bank's new chairperson, Arundhati Bhattacharya, became the latest victim of this

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Bangalore :: India | 7 months ago

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Arundhati Bhattacharya was today appointed chairperson of State Bank of India (SBI) , the first woman to head the country's largest lender in its 207-year history. The 57-year-old Bhattacharya, the front-runner for the post on account of years of

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Mumbai :: India | 7 months ago

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Former SBI Chairman Pratip Chaudhuri has said the nation's largest lender would have completed the process of merging a subsidiary but for the huge capital requirement due to the Basel III norms . "We have decided to merge one more subsidiary which

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Mumbai :: India | 7 months ago

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The Reserve Bank of India (RBI) on Wednesday reduced the requirement of minimum maturity of overseas bank borrowing to one year from three years to encourage banks to raise money from overseas and attract dollar flows. Nearly 20 days after RBI

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Mumbai :: India | 7 months ago

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In the uncertain world of Indian banking one thing is certain any state-run bank which gets a new chairman will report a jump in provisioning in the very first quarter of new leadership and will see its profits erode and stock value dip. The standard

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Mumbai :: India | 8 months ago

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Mr. Rajan assumes charge as RBI Governor amidst extremely difficult pressures on the external front resulting in the rupee becoming one of the worst hit currencies globally. Top bankers exuded confidence that Raghuram Govind Rajan, who on Wednesday

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Mumbai :: India | 8 months ago

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Top bankers have hailed the contributions of outgoing Reserve Bank Governor D. Subbarao, saying he did his best during a tenure that was marked by difficult times for the economy. I think the Governor's (five-year) term has been in one of the most

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Mumbai :: India | 8 months ago

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NewsApp  NewsApp (Free) Read news as it happens Available on   Rediff News   All News  T op bankers have hailed the contributions of the outgoing Reserve Bank Governor Duvuuri Subbarao saying he did his best during a tenure that was marked by

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Mumbai :: India | 8 months ago

Credibility Credibility of 5

Top bankers have hailed the contributions of the outgoing Reserve Bank Governor Duvvuri Subbarao saying he did his best during a tenure that was marked by difficult times for the economy. I think the Governor's [five year] term has been in one of the

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