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Finance Minister Nirmala Sitharaman addressing Cooperative Group Housing Society Maha Sammelan. (Photo: ANI)

Finance Minister Sitharaman to meet CEOs of PSU banks on Friday

The country's largest bank, State Bank of India, has lending worth Rs 1.76 lakh crore classified as NPA till march 2019.

1 Aug 2019 10:18 AM IST

Finance Minister Nirmala Sitharaman (Photo- PTI)

Business

Key tax, other deadlines extended; ATM charges waived

Govt to announce economic package soon to cushion impact of coronavirus, says Sitharaman

24 March 2020 8:09 PM IST

Ordinance aims at putting in place safeguards to prevent unscrupulous persons from misusing or vitiating the provisions of IBC.

Business

IBC tweak to help homebuyers, to hit lenders

As operational creditors, home buyers' inte-rests are not fully optimised up till now.

25 May 2018 1:31 AM IST

$Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.$ Business

Yes Bank recovers 66 pc of original claim filed for Bhushan Steel

Shares of Yes Bank were trading 0.25 per cent lower at Rs 333.85 apiece on BSE.

23 May 2018 11:28 AM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

Opinion

New recovery process works

There's also a need to set up a Public Credit Registry swiftly that would offer information on a borrower's...

30 Dec 2018 12:10 AM IST

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

Business

Keep more capital buffer for your own interest: RBI ED to banks

Banks with capital will get going and those without it will be punished by the ecosystem.

7 Dec 2018 12:22 PM IST

BIL denied reports of resolution professional alleging fraud by BIL promoters. (Photo: PTI)

Business

No violation in Rs 7,266 cr bid for Binani Cement under IBC, says...

All the creditors, who are against the bid from the present resolution plan have gone to NCLT.

22 March 2018 11:59 AM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

Business

Banks anticipate tough Q4 as RBI tightens NPA norms

State Bank of India and PNB has deposited significantly lower advance tax during the quarter.

28 March 2018 3:50 PM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Business

Cos under insolvency process to face additional surveillance

The data available with the BSE shows that 75 firms are undergoing insolvency process as per the IBC.

9 Jun 2018 5:36 PM IST

A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

Business

PNB eyes IBC route for Rs 6,000 crore power NPA recovery

PNB will go for the NCLT route of recovery rather than debt restructuring with companies.

29 Aug 2018 9:22 AM IST

Finance Minister Arun Jaitley said the new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states. (Photo: Twitter | ANI)

Business

Trade war will help India emerge as bigger trading, mfg base: Jaitley

Jaitley said the rising oil prices, too, pose a challenge for the economy, since India is a net importer of crude oil.

28 Sept 2018 12:56 PM IST

Ajay Tyagi who is a 1984 batch IAS officer assumed office of Sebi chair on March 1, 2017. (Photo: PTI).

Business

Bankruptcy code can help deepen bond markets: Sebi

Chief Ajay Tyagi adds bankruptcy reforms have had significant impact on developing corporate bonds in various countries.

19 Aug 2017 4:58 PM IST