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Banking wrap: How PMC Bank crisis unfolded; Lakshmi Vilas Bank comes under RBI scanner

The Reserve Bank of India (RBI) on September 23, issued directions to Punjab and Maharashtra Cooperative Bank (PMC ...

Banking wrap: State-owned banks gear up to raise equity, SBI says limited room for improvement in margins

Earnings season for lenders drew to a close on August 2 with State Bank of India (SBI) posting its results. Most ...

Banking weekly wrap: Jet lenders shortlist bidders; RBI Gov bats for non-conventional policy measures

After being denied any additional funding from lenders, Jet Airwaysoperations came to a temporary halt on April 17. ...

Banking wrap: RBI fines 36 lenders for non-compliance of SWIFT-related norms, SBI links rates to external benchmark

The Reserve Bank of India (RBI) slapped fines ranging between Rs 1 lakh to Rs 4 lakh on 36 lenders as they were found ...

Banking sector wrap: ICICI, Federal Bank chiefs under fire, HDFC Bank to find Puri’s successor; govt banks bleed

ICICI Bank Chief Executive Officer and Managing Director Chanda Kochhar was not the only one facing tough ...