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PM Modi's PSU bank spends beat 45 years investments

Wednesday, July 17, 2019, 9:17 PM

The bank recapitalisation bill from FY18 to FY20 stands around Rs.2.69 crore, double the amount invested in the first 45 years (estimated to be around Rs.1.5 lakh crore) since the country's banks were nationalised, reports The Times of India. With Rs.3.8 lakh crore injected between FY11 and FY20, the last decade has seen the government consistently infuse capital into public sector banks (PSBs).
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Banks bad loans down at Rs 9.34 lakh crore at FY19-end: Nirmala Sitharaman

Wednesday, July 17, 2019, 8:42 AM

Total bad loans of commercial banks declined by Rs.1.02-lakh-crore to Rs.9.34-lakh-crore in the 2018-19 fiscal on the back of steps taken by the government, Finance Minister Nirmala Sitharaman said. Sitharaman said the SCBs effected record recovery of Rs.4,01,424 crore over the last four financial years, including record recovery of Rs.1,56,746-crore during 2018-19 ( provisional data for 2018-19, as reported by RBI on July-9, 2019).
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Robbers loot Rs 58 lakh from cash van in Hyderabad

Wednesday, May 8, 2019, 11:15 AM

A gang of robbers looted Rs.58 lakh, meant to be deposited in an Axis Bank ATM, from a cash van in Hyderabad. The robbers diverted the attention of security guards and bank staff by saying some money had fallen on the other side of the vehicle, before fleeing with the cash. The police are examining nearby CCTV footage.

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