ING was also recently caught up in the Troika Dialog laundromat involving dirty Russian money. (Bloomberg)The Bank of Italy asked ING Groep NV to avoid any business with new clients in the country after it fell short in recent anti-money laundering checks, adding to the Dutch lender’s compliance...
While the headquarters of PNB and Punjab & Sind Bank are in Delhi that of OBC is in Gurugram (Haryana).The government is weighing the possibility of the next phase of consolidation in the public sector banking space by amalgamating three lenders —Punjab National Bank (PNB), Oriental Bank of...
“Fundamental reform of the PSBs (public sector banks) is facilitated by allowing majority private-sector participation in the PSBs,” Subramanian writes. State-run banks need to be fundamentally reformed by allowing majority private sector participation in them as a way forward in resolving the crisis of massive non-performing assets (NPAs), or...
Kotak Mahindra Bank sees corporate loan book swelling by 26 pc in FY20Credit market issues, including lending caps on half of the state-run banks and the crisis at non-bank lenders, have led Kotak Mahindra Bank to upwardly revise its corporate lending targets up to 25 percent next fiscal...