Finance Ministry identifies five banks requiring special focus to arrest NPAs finance-ministry-identifies-five-banks-requiring-special-focus-to-arrest-npas

  • The finance ministry has identified five banks – Bank of India, IDBI, Indian Overseas BankBSE 3.59 %, Bank of MaharashtraBSE -0.16 %, UCO BankBSE -0.11 %, and United Bank of IndiaBSE 0.00 % – which require special focus to arrest their bad loans.
  • As per the finance ministry data, the slippages in these banks continue to be higher than the reduction and there has been an increase in impaired assets.
  • “These banks require special focus and discussions were held with these banks on how to step up the recovery efforts,” said a finance ministry official.

IDBI Bank becomes first commercial state-owned bank to raise $350 million via selling green bonds IDBI Bank

  • IDBI BankBSE -1.97 % has become the first commercial state-owned bank to raise $350 million via selling green bonds, where proceeds are used for clean energy projects.
  • “We have got huge oversubscription more than $1.10 billion,” said Kishor Kharat, managing director & chief executive director of IDBI Bank. “We have a pipeline of more than $1 billion clean energy projects requiring credit lines. In futures, we may sell more such bonds depending on those project status.”
  • IDBI Bank had to decline the oversubscription in excess of $350 million, which the lender mopped up from 60-70 investors.

Axis Bank, Vistara to launch travel credit card Axis bank

  • Private lender Axis BankBSE 0.25 % today said it has joined hands with Tata-SIA joint venture airline Vistara to launch a travel credit card next year under a strategic partnership.
  • The co-branded travel credit card, to be unveiled early next year, will offer a host of privileges and benefits to the business and leisure travellers of Vistara, Axis Bank said in a release today.
  • “The card will be unveiled early next year. The Axis Bank Vistara co-branded credit card will provide preferred privileges and benefits for business and leisure travellers under the carrier’s Club Vistara frequent flyer program,” it said.




  1. Dear Sir
    plz send me the syllabus of agriculture & all other subject for the exam of ibps agriculture field officer

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