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Loan default case: CBI registers fresh case against Mallya

 The Central Bureau of Investigation has registered a fresh case against beleaguered liquor baron Vijay Mallya for allegedly cheating a consortium of nationalised banks to the tune of Rs 6,027 crore......

MPS: FinMin may extend August deadline for PSBs, insurers

 The finance ministry is in favour of extending the August deadline for public sector banks (PSBs) as well as insurance companies to increase their minimum public shareholding (MPS) to the mandated......

New Challenges Facing Banks

 As the fight for deposits intensifies, the cost of money will rise and the margin will be under further pressure, points out Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff.com  ......

Public sector banks' total profit crosses Rs 1 lakh crore-mark in FY23

 Public sector banks' cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023, with market leader State Bank of India (SBI) accounting for nearly half of the total......

How Punjab & Sind Bank plans to boost deposits

 'We are targeting good quality current and salary accounts.' Illustration: Dominic Xavier/Rediff.com State-owned Punjab & Sind Bank is targeting salary accounts to boost the share of low-cost......

Govt to infuse Rs 14,500 crore in 4 banks, issue recapitalisation bonds

 Zero-coupon bonds don’t give out interest but are issued at a deep discount to the face value, making it difficult to ascertain the net present value. Illustration: Uttam Ghosh/Rediff.com......

Army XI wins Bombay Gold Cup hockey

 Army XI, Bangalore, displayed superior stamina and fitness in sultry conditions as they beat Air India by a solitary goal and retained the title in the 47th Bombay Gold Cup hockey tournament in......

Indian Airlines, BSF in Beighton final

 Star-studded Indian Airlines beat defending champions Punjab and Sind Bank via the tie-breaker to set up a final date with Border Security force (Jalandhar) in the Beighton Cup hockey tournament,......

Three Sher-e-Jalandhar players banned

 In a strict measure to curb indiscipline, the Indian Hockey Federation on Wednesday slapped a three-year ban on forward Tejbir Singh and goalkeepers Kamaldeep Singh and Maninder Singh for "unruly......

Punjab Sind Bank win Surjit hockey

 After proving their mettle in the recent National Championship, Punjab and Sind Bank added another feather to their cap by winning the men's title in the Surjit hockey tournament in Jalandhar on......

PSB, Indian Oil in Surjit finals

 Punjab and Sind Bank will lock horns with Indian Oil in the final of the 23rd Surjit hockey tournament in Jalandhar on Wednesday.In the semifinals played at the Surjit Stadium on Tuesday, PSB......

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