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The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

Union Cabinet clears over Rs 9,000 cr capital infusion in IDBI Bank

Out of Rs 9,000 crore, government will provide Rs 4,557 crore as one-time re-capitalisation, said Minister Prakash...

3 Sept 2019 3:15 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

Merger woes: Bank officers associations to meet in Delhi on Sept 5

All the general secretaries of all banks' officers associations will meet there and finalise the action program to...

3 Sept 2019 2:59 PM IST

The financial creditors would vote for the second time on the resolution plan for Jaypee Infratech.

SC seeks NBCC response on completing stalled Jaypee group projects

The bench posted the matter for further hearing on Thursday and extended the status quo order till then.

3 Sept 2019 1:18 PM IST

Analysts hold a positive view on banks that are getting out of the corporate NPL cycle as compared to banks that focused more on the retail cycle in the past few years.

PSB stocks plunge up to 9.3 per cent post merger announcement

Shares of Corporation Bank tanked 9.28 per cent to Rs 17.10, Punjab National Bank plunged 8.54 per cent to Rs 59.40.

3 Sept 2019 1:11 PM IST

Packaging and quality of retail box are very different. You can visit any Mi Home/ Mi Store to validate the original packaging.

China's Xiaomi boosts shares with USD 1.5 billion buyback plan

Xiaomi's market share in China declined by a fifth in the April-June quarter

3 Sept 2019 10:30 AM IST

Tata Steel is countrys major steel producer.

Tata Steel to shut some operations in UK, 400 jobs at stake

Tata put up five of its non-core businesses in Europe on sale in May 2018 as it looked to focus on its strip products...

3 Sept 2019 8:55 AM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB board to consider Rs 18,000-crore capital infusion this week

The board shall consider capital infusion up to Rs 18,000 crore in its meeting scheduled on September 5, 2019, PNB said.

2 Sept 2019 8:16 PM IST

State Bank of India

SBI Cards says IPO process initiated, decision on timing to hit mkt...

State Bank of India (SBI) holds 74 per cent stake in the SBI Card and the rest is held by Carlyle Group.

2 Sept 2019 8:03 PM IST

Flying allowance, which constitutes between 50-80 per cent of a pilots salary. (Representational Image)

IndiGo second on international routes, we are still market leader: Air...

According to aviation regulator DGCA, IndiGo had around 47 per cent share of the domestic passenger market in July this...

2 Sept 2019 7:53 PM IST

Larsen and Toubro (L&T) on Thursday said its subsidiary L&T Construction has bagged orders worth Rs 2,440 crore in the domestic market.

India Inc's foreign borrowings more than double to USD 4.98 bn in...

Of total money borrowed by domestic companies, USD 3.37 billion was through automatic route of external commercial...

2 Sept 2019 4:48 PM IST

There would be no privatisation of the state-owned Coal India, said interim CMD Gopal Singh.

Coal India output drops 10.3 per cent in August

CIL's production in the same month a year ago stood at 38.78 million tonnes.

2 Sept 2019 1:33 PM IST

Digital payments company Paytm has partnered with Twitter to integrate Twitter Highlights

Paytm Money elevates Pravin Jadhav as MD and CEO; to invest Rs 250 cr...

Prior to Paytm Money, Pravin Jadhav worked with Servify and Rediff.com.

2 Sept 2019 1:04 PM IST