Govt infuses Rs 14,500 cr capital into four public sector banks

The government has infused Rs 14,500 crore, mainly into banks that are under the RBI’s prompt corrective action framework to improve their financial health. Continue Reading

‘Four mid-size banks identified for potential privatisation’

The Central government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state assets and shore up government revenues, three government sources said. Continue Reading

Allahabad Bank gets fresh capital of Rs 2,153 crores

The Department of Financial Services in a letter conveyed the sanction for release of the fresh capital infusion fund of Rs 2,153 crore, Allahabad Bank said in a regulatory filing. Continue Reading

Central Bank of India puts 4 big NPA accounts for sale

The Central Bank of India has four big accounts of non-performing assets (NPA) worth Rs 3,300 crore on sale through the SARFAESI Act, though some of the assets are currently under the NCLT resolution process. Continue Reading