No claimants for Rs 300 crore lying in India-linked dormant Swiss bank accounts

Funds parked by Indians with Swiss banks rose to about Rs 7,000 cr in 2017, revealed latest SNB data.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2uv6DzE

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PNB's NPA recovery in first quarter tops FY'18 level

During the quarter (April-June, 2018-19), two big accounts --Bhushan Steel and Electrosteel were resolved through the IBC process.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2Nkf8pc

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Finance Ministry may seek extension of deadline from Sebi for PSBs on minimum public float norm

The finance ministry may approach markets regulator Sebi to seek relaxation on the minimum 25 per cent public shareholding norm for some public sector banks (PSBs).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LjZ06r

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RBI gets global praise for communication strategy

Applauded for effectively using targeted communication strategy for reaching out to the right audience in “short and simplified” language

from Business Line - Money & Banking https://ift.tt/2ulGrbg

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Bank, insurance unions threaten strike during Parliament’s winter session

The Co-ordination Committee of Bank, Insurance and Finance Sector Unions (CCBIFU) on Saturday said a would be called during the winter session of the Parliament if the government does not revise its policies on banking and insurance sectors.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uzoh5l

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