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Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asias third-biggest economy.

Govt pushes state banks to find own funding sources

Including restructured or rolled over loans, all banks in India had a total 9.5 trillion rupees of soured loans.

3 April 2018 7:13 AM GMT

The International Monetary Fund (IMF) on Wednesday approved a USD 6 billion loan for Pakistan. (Photo: AFP)

IMF approves USD 6 billion loan for Pakistan

The USD 6 billion financial aid includes an immediate disbursement of USD 1 billion to help Pakistan address its balance...

4 July 2019 8:19 AM GMT

Pakistan approached the IMF in August 2018 for a bailout package. (Photo- AFP)

IMF postpones approval of second review $6 billion bailout package for...

Pakistan approached the IMF in August 2018 for a bailout package after Prime Minister Imran Khan's government took over

7 April 2020 7:51 AM GMT

Air India CMD Ashwani Lohani. (Photo: Twitter)

Air India will come out of debt mess: Lohani

Sate-run carrier grapples with Rs 46,000 crore debt even as govt extended Rs 30,000 crore funds to it.

11 Jan 2017 12:48 PM GMT

In a statement, Air India condemned the incident and said that they will also probe the matter at their end.

Niti Aayog backs startegic sale of loss-making Air India

Aayog report comes amidst talks that govt may go for divestment of ailing airline.

31 May 2017 4:20 AM GMT

Union finance minister Arun Jaitley walks to his office after taking additional charge of the defence ministry in New Delhi on Tuesday. (Photo: Pritam Bandyopadhyay)

Arun Jaitley backs divestment of loss-making Air India

This is the clearest indication yet from the current NDA regime on possible stake sale in Air India.

29 May 2017 4:39 AM GMT

An Air India official said that plan to operate the second flight from Kolkata to Bagdogra has been shelved at the moment.

Govt needs to rethink bailout funds to Air India: CAG

Heavily-indebted carrier saw its short-term loans rising to four times limits laid down in its turnaround plan.

10 March 2017 1:08 PM GMT

In a statement, Air India condemned the incident and said that they will also probe the matter at their end.

Govt may write off Air India's Rs 30,000 crore debt

Report says it is expected that govt would exit Air India by March 2018.

16 Jun 2017 5:43 AM GMT

In a statement, Air India condemned the incident and said that they will also probe the matter at their end.

No fresh plane order till clarity on privatisation: Air India

Ordering of new planes is a long-term process by Air India and it usually takes 6-9 months.

10 Jun 2017 4:29 AM GMT

Tata Group may buy Air India with Singapore Airlines

Both Tata Group and Singapore Airlines may team up to acquire stake, report says.

21 Jun 2017 9:02 AM GMT