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Full recovery still some way off for government banks
Mon, Nov 17 2014. 12 01 AM

Full recovery still some way off for government banks

Banks have become more proactive in trying to clean up their books, but the level of non-performing assets remains elevated
SBI Q2 profit rises to Rs3,100 crore on higher non-interest income
Sat, Nov 15 2014. 12 32 AM

SBI Q2 profit rises to Rs3,100 crore on higher non-interest income

Net profit rises 31% in Q2, but lags estimates; SBI warns recovery in loan demand may be at least a year away
RBI’s forex reserve build-up seen as rupee peg
Thu, Nov 13 2014. 12 03 PM

RBI’s forex reserve build-up seen as rupee peg

The central bank is aggressively mopping up dollar inflows by intervening in the secondary market
RBI buys $1.437 billion in September
Mon, Nov 10 2014. 07 45 PM

RBI buys $1.437 billion in September

The RBI has stepped up its dollar purchase in an effort to build reserves and prevent the rupee from appreciating
Bank of Baroda Q2 net profit declines 5.5% on higher expenses
Fri, Nov 07 2014. 08 28 PM

Bank of Baroda Q2 net profit declines 5.5% on higher expenses

Net profit dropped to Rs1,104.22 crore from Rs1,168.10 crore in the year-ago period
Banks may reduce interest rates even if RBI doesn’t
Thu, Nov 06 2014. 09 20 PM

Banks may reduce interest rates even if RBI doesn’t

Drop being led by fall in bulk deposit rates, which have dropped below retail deposit rates—a rare occurrence for the banking system
One-fourth of top 500 firms may be termed as stressed by banks: India Ratings
Tue, Nov 04 2014. 03 38 PM

One-fourth of top 500 firms may be termed as stressed by banks: India Ratings

Incremental restructuring of Rs60,000 crore to Rs1 trillion is likely in the next 5 months, says an India Ratings report
RBI to sell Rs10,000 crore of bonds under open market operation
Mon, Nov 03 2014. 07 39 PM

RBI to sell Rs10,000 crore of bonds under open market operation

RBI cites prevailing liquidity conditions for the sale of the bonds
Bank of Baroda cuts deposit rates for 1-2 year deposits to 8.9%
Fri, Oct 31 2014. 08 52 PM

Bank of Baroda cuts deposit rates for 1-2 year deposits to 8.9%

Deposits above three years will fetch 8.75% against 9.05% earlier, the bank said in a filing to the exchanges
PNB chief K.R. Kamath does not get extension, demits office
Tue, Oct 28 2014. 09 30 PM

PNB chief K.R. Kamath does not get extension, demits office

Kamath says he has not heard from the government yet on any future assignment

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