By any yardstick, last week has been eventful for the Indian banking sector. State-owned Punjab National Bank (PNB) announced a record Rs.5,367 crore loss for…

In his February budget speech, finance minister Arun Jaitley said the government would look at paring its stake in IDBI Bank Ltd to less than…

In October 2011, when India’s banking regulator freed the interest rates on savings bank deposits, it completed a process which had started two decades back—allowing…

Early April, after the first meeting of the Banks Board Bureau at the Reserve Bank of India (RBI) central office in Mumbai, minister of state…