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Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Nearly 3 per cent of Mudra loans turn into bad loans: Govt

Minister of State for Finance Anurag Thakur gave this information in written reply to a question in the Rajya Sabha.

3 Dec 2019 4:21 PM 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 ties up with ADIA for USD 600 mn distressed assets fund

ADIA has committed USD 500 million for the special situations fund, while Kotak will invest the remaining.

28 Feb 2019 5:21 PM IST

Fund infusion into PSBs not sufficient to support lending growth:...

Fitch estimates that banks will need an additional USD 23 billion (around Rs 1.6 lakh crore) in 2019.

27 Feb 2019 1:03 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI proposes variable pay for bank CEOs

As part of new proposals, RBI is also suggesting quantitative and qualitative criteria is for identification of Material...

26 Feb 2019 3:49 PM IST

Being the first baby to be born in-flight for the airline, Jet Airways has offered him a free lifetime pass for all his travels.

Jet Airways shares fall 3 pc on reports of SBI mulling moving NCLT...

Shareholders of Jet Airways had approved conversion of loan into shares and other proposals during the extraordinary...

25 Feb 2019 3:30 PM IST

The meeting was chaired by Prime Minsiter Narendra Modi. Home Minister Rajnath Singh, Defence Minsiter Nirmala Sitharaman, External Affairs Minister Sushma Swaraj and Finance Minister Arun Jaitley attended the meeting. (Photo: ANI | Twiiter)

Finmin expects NPA recovery of Rs 1.80 lakh crore in FY19

So far, banks have recovered Rs 1 lakh crore under the Insolvency and Bankruptcy Code (IBC).

21 Feb 2019 10:01 AM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI writes of Rs 10,000 as bad loans; 19 PSBs totalling Rs 41,000 as...

The banks had written off loans valuing just Rs 33,259 crore in Q2FY19, hopping 24 per cent y-o-y.

20 Feb 2019 4:20 PM IST

Total income, however, rose to Rs 5,322.33 crore for the third quarter of 2018-19 as against Rs 5,093.43 crore in same period last year: Andhra Bank.

Andhra Bank's net loss widens to Rs 579 cr in Q3 as bad loans spurt

Andhra Bank had posted a net loss of Rs 532.02 crore in the October-December quarter previous fiscal.

12 Feb 2019 11:47 AM IST

Total income of the lender came down to Rs 4,112.32 crore in the latest quarter as against Rs 4,841.37 crore in the same period of 2017-18. (Photo: Twitter)

Corporation Bank swings into the black with Rs 60.53 cr profit in Q3

Corporation bank had posted a net loss of Rs 1,240.49 crore in October-December 2017-18.

12 Feb 2019 11:35 AM IST

Total income of the bank also came down to Rs 3,585.56 crore during October-December period of 2018-19, as against Rs 3,721.93 crore in same quarter of 2017-18, the bank said in a regulatory filing. (Photo: Facebook)

UCO Bank Q3 net loss at Rs 998 cr as bad loans balloon

UCO bank had posted a net loss of Rs 1,016.43 crore in the same quarter of the previous fiscal.

8 Feb 2019 3:23 PM IST

Yes Bank last week had informed about raising Rs 4,906.65 crore (USD 750 million) in Qualified Institutions Placement mode.

Yes Bank shares dive 30 per cent on Q4 loss

The bank reported a loss of Rs 1,506.64 crore for fourth quarter ended March 31, owing to rise in provisioning for bad...

30 April 2019 1:16 PM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

Supreme Court halts ArcelorMittal payment to buy Essar Steel: report

India's bankruptcy court had approved ArcelorMittal's USD 6 billion bid for debt-ridden Essar on March 8.

12 April 2019 4:33 PM IST