Gurumurthy says it is for RBI to decide on the quantum of dividend it pays to the government.
Lenders like IL&FS have amassed large balance sheets but their assets can’t be easily pledged even in normal times.
CMIE study shows implementation has gathered pace and turnaround by next year is possible. This will create more jobs, push overall economic growth.
Indian Bank is the rare public sector bank with the least NPAs and consistent record of reporting profits.
The finance minister accused Congress of lying about the actual value of NPAs during its tenure.
The merger proposal will be examined by the boards of respective banks.
The reckless lending by PSU banks is seen as an outcome of pressure by UPA government to step up credit.
Former RBI governor Raghuram Rajan in a note to a parliamentary panel said slow decision-making and over-optimism among bankers aggravated the bad loa...
Turnaround plan includes acquiring other PSU banks that have a strong presence in south India.
Law made to retrieve money from bad debt is being used to loot public money.
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