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04 July, 2015Latest News

 
Site last updated on :04-07-2015


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'Govt to infuse additional Rs 11,500 cr in PSU banks in FY16': The government might infuse additional $1.8 billion (about Rs 11,500 crore) in public sector banks this financial year over and above $1.2 billion earmarked in the Budget, Finance Secretary Rajiv Mehrishi said on Friday.

World economy may slip to 1930s-like depression: Rajan: The global economy is “slowly slipping” into Great Depression-like problems of the 1930s, RBI  Governor Raghuram Rajan has cautioned, asking central banks from across the world to define the “rules of the game” to find a solution.

PSBs Adequately Funded, will Need More in Future, Says RBI: RBI deputy governor R Gandhi has said that public sector banks are “adequately“ capitalised at present but will need additional capital in view of future credit growth.

Allahabad Bank seeks Rs 1,000 cr from govt, may raise Rs 1,500 cr via bonds: Public sector lender Allahabad Bank has sought a capital infusion of Rs 1,000 crore from the Centre for the current financial year, chairman & managing director Rakesh Sethi said on Friday.

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