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The policy aims to achieve USD 300 billion (over Rs 20 lakh crore) worth of textile exports by 2024-25 and create an additional 35 million jobs.

Govt expects to finalise roadmap for MSME bad loans by March

Online loan sanctioning facilities for MSMEs will be revamped for prompt decision-making by banks.

7 Feb 2018 11:52 AM IST

Kotak Mahindra Bank on Tuesday said it will offer debit card at a special price of Rs 99 for the first year for customers who will open account under its zero balance account scheme till September 15.

Kotak Mahindra Bank Q4 profit rises 15 per cent

Gross bad loans as a percentage of total loans dropped to 2.22 per cent by end-March.

30 April 2018 3:31 PM IST

Axis Bank launched a home loan product that entails waiving off a few EMIs during the course of a loan. (Photo: PTI)

Axis Bank posts net loss of Rs 2,189 cr in Q4

Also for the entire fiscal 2017-18, the bank's a net profit fell by 92.5 per cent to Rs 275.68 crore.

26 April 2018 7:24 PM IST

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

PNB to hire detective agencies to locate untraceable borrowers

PNB has invited applications for empanelment of detective agencies to locate its untraceable borrowers.

25 April 2018 3:53 PM IST

Reserve Bank of India keeps the repo rate and reverse repo rate unchanged.

RBI worried over rise in one-day default norms breach

NS Vishwanathan on Wednesday raised concerns over the large number of borrowers failing on the one-day default norm.

18 April 2018 4:54 PM IST

Assocham president Sandeep Jajodia also urged the Centre that the NPA norms on getting the account classified under non-performing asset category for core sectors should be extended from 90-days to 180-days. (Photo:PTI)

Resolution of twin balance sheet problem to take 6-9 mths: Assocham

The process of resolution of the companies under Insolvency and Bankruptcy Code (IBC) reference would gather pace in the...

15 April 2018 3:06 PM IST

Bad loans in Q4 to rise by Rs 8,000 cr on account of Gitanjali

Gitanjali Gems group have turned bad during the quarter ended March 31.

15 April 2018 1:41 PM IST

The President said that under MUDRA scheme, about 117 million loans have been sanctioned and close to 88 million of them have gone to women entrepreneurs.

Honest citizens bear burden of bank defaults: President Kovind

The amount involved in such defaults for PSBs is reported to be Rs 1,10,050 crore.

5 April 2018 2:00 PM IST

Banks stare at $38bn new NPAs

Banks stare at $38bn new NPAs

Report says $53bn out of $178bn loans to the power sector are already stressed.

5 April 2018 4:51 AM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

Provision against bad loans to remain elevated in FY'19: ICICI Bank

The bank made a provision of Rs 17,307 crore against bad loans in 2017-18 as against Rs 15,208 crore.

31 July 2018 4:13 PM IST

The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

Axis Bank shares down 2.5 per cent after Q1 results

The bank had registered a net profit of Rs 1,306 crore in the June quarter of 2017-18.

31 July 2018 1:03 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI lists 240 new accounts for NPA tag

List of NPAs could be released in September quarter because a new bunch of NPAs are being reported.

31 July 2018 8:58 AM IST