The replacements for many of the affected roles involve AI-driven automation to enhance efficiency
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In Q2 FY24, PNB reported a consolidated net profit of Rs 1990.18 crore, a significant increase from Rs 494.11 crore in Q2 FY23
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The report, which assessed 4,364 banking financial institutions in China quarterly for stability and risks, highlighted that 3,655 banks, constituting 98.28 per cent of the total assets among these institutions, were operating safely
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These reserves encompass various assets like cash, bank deposits, bonds and other financial instruments in currencies other than the Indian rupee
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Kedar, chairman of Nagpur District Central Cooperative Bank during the 2002 scam, allegedly diverted bank funds for the purchase of government securities by private entities, resulting in significant financial losses
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As per the RBI's order dated 28 November, a penalty of Rs 2 lakh was levied on the TDCC Bank for violating sections 20 and 56 of the Banking Regulation (BR) Act, 1949
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Anticipating persistent tight liquidity, Sabnavis foresees another VRR auction by the central bank in the following week. Liquidity constraints persist due to outflows toward advance tax payments and the GST
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Joshi specifically directed PSBs to conduct monthly reviews of these high-priority IBC cases to expedite their resolution
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