Out of PCA, IDBI Bank can now expand business

The bank will now be in a position to resume normal lending activity, including corporate lending, with tightened risk management framework. Private lender IDBI Bank is out of prompt corrective......

Amitabh Chaudhry has his task cut out as Axis Bank chief

In addition to challenges such as reining in non-performing assets and boosting profits, Chaudhry will have to repair the bank’s reputation, build internal controls, and improve regulatory......

Banks may share transaction data with money sleuths

FinMin's project will enable tax man to track electronic transactions like RTGS or NEFT.Shrimi Choudhary reports.Illustration: Uttam Ghosh/Rediff.com The finance ministry is planning a pilot......

RBI plans to put weak private lenders under the hammer

The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action. In a first, the Reserve Bank of India (RBI) is planning to auction private sector banks......