PSU banks plan rationalisation of another 69 overseas offices

THE ECONOMIC TIMES Sun, Jan 06, 2019 | 05:13 PM IST Daily Newsletter

PSU banks plan rationalisation of another 69 overseas offices Public sector banks are in the process of closing or rationalising about 69 overseas operations in the next few months as part of their capital conservation exercise.

Corporate affairs ministry to collect KYC details of companies, CAs Last year, the ministry carried out the Know Your Customer (KYC) initiative for directors to ascertain their identiti...

5,950 MW hydro projects stalled, policy for revival on the cards According to the Central Electricity Authority estimates, the annual loss of energy generation from these stalled hyd...

Government to launch delayed second round of oil block auction India had in July 2017 allowed companies to carve out blocks of their choice with a view to bringing about 2.8 million sq km of unexplored area in the country under exploration.

The venture-capital outlook for 2019 There's scope for a few more unicorns, and in the early stage, the focus will be more on core tech. The rise and rise of Khadi How Speciality Restaurants was overcooked

More From our Partners "P2P has great potential, but too early to compare with equities" Rajat Gandhi, Founder & CEO, Faircent, says it is important to understand the risks involved with peer-to-peer lending.

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Crude shocker can be rude shocks for economy: RBI Since the country is heavily dependent on oil imports to the tune of over 80 per cent for meeting its domestic demand...read more Soon, arrive 20 min earlier or miss your train »  Dry ATMs: Parliament panel nudges RBI to fix the problem »

More From our Partners A step-by-step guide to make your first P2P investment P2P is an online marketplace where lenders get access to people who need to borrow.

Aadhaar savings can fund 3 schemes of the size of Ayushman Bharat... Arun Jaitley, Finance Minister

Latest Updates

US-China to dictate market trend; weakness to continue in base metals Unless some of the negative news abate, some more selloff could be seen in base metals.... 'Achhe din' ahead for India's agri-commodities market; here's how? Regulator Sebi has implemented a slew of measures in the commodity market space.... Nepal writes to RBI to declare banned new Indian currency notes legal Those residing in areas bordering India usually stash Indian notes of larger denominations as they have to go to Indi... Aadhaar savings can fund 3 schemes of the size of Ayushman Bharat: Arun Jaitley As per FM Jaitley, the savings through Aadhaar can fund three schemes of the size of Ayushman Bharat....

Market Watch 6 Jan | 05:13PM| SENSEX NIFTY USD/INR GOLD 35695.10 ↑181.39 10727.35 ↑55.10 69.72 ↓-0.47 31463.0 ↓-326.0

MARKET NEWS

Seven key issues to determine the success of US-China trade talks Stakes are high as both sides face a resumption of tariffs in March if they don't strike a deal....

MFs add Rs 1.24 lakh crore to asset base in 2018 on SIP flows, strong retail participation The year 2018 also marked the sixth consecutive yearly rise in the industry's AUM....

Gainers Losers 6 Jan, 2019, 05:13PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Inox Leisure 261.80 5.93 12690 264.35 244.30 IDFCBANK 45.15 5.12 1295341 45.40 42.85 Bharti Infratel Ltd 284.00 4.78 261645 288.00 272.50 Syndicate Bank 40.55 4.78 397081 41.00 38.60 Punjab National Bank 81.30 4.50 2481393 81.75 77.70

MORE LINKS:Gainers|Losers|Movers|Only Buyers|Only Sellers|Surging Volumes|Indices

FEATURED SLIDESHOW

AIR to shut down national channel, regional training academies Thailand's rebel female Buddhist monks defy tradition Record $3.1 million paid in New Year's tuna auction at Japan's new market Trump's false claim about drug smuggling More Slideshows

FROM THE NEWSPAPER

India gears up for Rs 150 crore microbe project to uncover links to diseases The ambitious project has put India on the verge of understanding all diseases that afflict Indians....

Inside big brands' intensifying India battle against copycats As more companies realise how essential it is to protect their brands, the battles are getting more intense....

What is stopping India from joining RCEP trade deal? A latest Indian move on RCEP shows it is sensitive to domestic concerns of losing out to China....

This year's Kumbh Mela is set to begin with a bang To keep the river as clean as possible, the National Green Tribunal has banned commercial activity within 100 m of Ga...

Britain's exit from the EU might benefit students and professionals from India Earlier, the UK jobs scene used to be more favourable for students from the EU. Not anymore....

VIDEOS

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