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ED may allow banks to sell Mallya's attached shares

Thursday, February 14, 2019, 11:44 AM

The Enforcement Directorate, through a consortium of banks led by the State Bank of India, has informally conveyed to Heineken NV, part-owner of United Breweries, that it plans to allow banks to auction attached shares of the Indian beer maker soon after it gets a court's approval, two people with direct knowledge of the matter said.
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Cheques worth Rs 20,000 crore were stuck due to bank strike: Employees union

Thursday, January 10, 2019, 5:47 PM

As several PSU banks were closed for two days this Tuesday and Wednesday to protest against government policies, an employee union leading the strike has claimed that clearance of cheques valued over Rs.20,000Cr was stuck as a result. In a statement, AIBEA said cheques worth about Rs.20,000Cr could not be cleared by the clearing houses all over the country, news agency IANS reported.
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Bank NPA levels on the decline: RBI governor Shaktikanta Das

Monday, January 7, 2019, 7:38 PM

Reserve Bank of India (RBI) Governor Shaktikanta Das Monday expressed satisfaction over performance of the banking sector saying bad loans have declined, particularly of state-owned banks. He also said the RBI has also initiated stakeholder consultation on governance reform in the banking sector. RBI's recent FSR report said stress tests suggest there would be further improvement in banks' asset quality in the new year.

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