Banking Secretary

The government is already looking in to the problems in the steel sector and their fall out on the banking sector, Adhia said.

Need to rethink strategy for PSU banks: Banking Secretary

Financial Services Secretary Hasmukh Adhia also said that it was absolutely essential to implement banking reforms and making the banks stronger was necessary for the economic growth.

After 4 tough yrs, industry needs handholding: Ex-SBI MD

Banking secretary, GS Sandhu has written to RBI governor asking the central bank to review its “stringent” lending rules to infrastructure companies.

Review 'stringent' infra lending rules: Govt tells RBI

In a letter to Raghuram Rajan, banking secretary, GS Sandhu, has asked the RBI to delink the extent of a project cost over-run with the restructuring of a loan as it feels this provision is counterproductive when it comes to reviving stalked projects.

Lack of due diligence led to OBC, Dena Bank scam: GS Sandhu

According to media reports, the Finance Ministry has unearthed a scam involving public sector banks -- Oriental bank of Commerce and Dena Bank -- of having misappropriated funds to the tune of Rs 436 crore.

SBI gets govt nod to raise Rs 9,000cr via QIP route

The SBI QIP is likely to raise almost Rs 9,000 crore. Coupled with the Rs 2,000 crore that they are going to get from equity infusion, SBI is going to end up getting about Rs 11,000 crore of capital in this fiscal.

Govt hopes bank licences will be given by Mar 2014: Takru

The government hopes that the new banking licenses will be awarded by March 31st, 2014, Financial Services Secretary Rajiv Takru said.

Need to consider shutting loss-making branches: Bank secy

India needs to consider closing down loss-making branches of state-run banks and insurance companies, said D.K. Mittal, the country's banking secretary.

Banks to decide if KFA deserves working loan tomorrow: SBI

State Bank of India's chairman Pratip Chaudhuri said it was a matter of concern that Kingfisher Airlines is in the non-performing asset (NPA) category.

Recapitalising SBI: Govt to infuse Rs 3000-4500cr this year

The government is looking to infuse between Rs 3,000 crore and Rs 4,500 crore into SBI in the current financial year, reports CNBC-TV18's Aakanksha Sethi.