New Delhi, Nov 27 (IANS) The Reserve Bank of India has accepted 21 out of the 33 recommendations submitted by an internal working group on the ownership and corporate structure of India’s private sector banks. The internal group was constituted by
Mumbai, Oct 27 (IANS) The Indian banking sector is set to witness a fresh phase of consolidation over the medium term which will primarily be driven by large private sector banks (PVBs). Given the current buoyancy in the equity markets, there
Mumbai, May 26 Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday asked heads of select private sector banks to boost credit flows to retail and small business borrowers and quickly implement all the measures announced by the apex
Mumbai, March 15 Crisis-hit Yes Bank has allotted 1,000 crore equity shares to seven private banks and the state-run State Bank of India for a total consideration of Rs 10,000 crore. IDFC First Bank is the latest to enter the
New Delhi, Oct 26 India should ideally have 5 to 7 large banks, Chief Economic Adviser (CEA) Arvind Subramanian said on Wednesday pitching for consolidation in the banking sector. “The big question also going forward is should there be more
New Delhi, July 22 The total net profit of private sector banks taken together during fiscal 2014-15 fiscal was over Rs.1,000 crore more than the public sector banks (PSBs), parliament was told on Tuesday. “Total net profit of private sector
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