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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.

Business

ICICI Bank posts first ever loss since listing in 2001 on bad loans

Gross bad loans as a percentage of total loans was 8.81 per cent.

28 July 2018 1:52 PM IST

IT officials raid at Kotak Mahindra Bank at K G Marg in New Delhi. (Photo: PTI)

Business

Kotak Mahindra Bank Q1 net profit up 12 per cent to Rs 1,025 crore

The bank's net profit stood at Rs 912.73 crore in the corresponding period of 2017-18.

19 July 2018 2:39 PM IST

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

Business

LIC unions oppose acquisition of IDBI Bank by insurer

LIC currently holds 11 per cent stake in IDBI bank and its total stressed portfolio is 35.9 per cent of total loans.

10 July 2018 4:17 PM IST

Cost accountants apex body ICAI has suggested constituting a central agency, with cost accountants and experts from other fields, to evaluate applications for large loans before banks give their approval. (Photo: Brijesh Bhatt)

Business

Set up central agency to evaluate big loan proposals, says ICAI

Big banks have better means for research and development and they can better evaluate the loan proposals.

8 July 2018 6:05 PM IST

Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed on Tuesday.

Business

PSU banks plan to raise over Rs 50,000 crore equity capital in FY19

Leading the pack is the Central Bank of India, which has already got shareholders' approval.

8 July 2018 3:11 PM IST

Union minister Nitin Gadkari said development work worth Rs 5 lakh crore would be started in Maharashtra. (Phptp: Debasish Dey)

Business

Is govt planning to go soft on defaulters?

There is a need to distinguish between bona fide and mala fide intentions.

3 July 2018 12:41 PM IST

Union Power Minister Piyush Goyal (Photo: PTI)

India

Govt unveils plan on bad loans that protects jobs

Finance minister Piyush Goyal said that the plan focuses on turning around assets in a manner that will not lead to job...

3 July 2018 6:21 AM IST

ICICI Bank spokesperson said it has installed state-of-the-art note sorting machines that check the quality of millions of notes every day.

Business

ICICI Bank rises 2 per cent after Q2 results

The ICICI Bank scrip rose 1.95 per cent to Rs 478.60 -- its 52-week high -- on the BSE.

29 Oct 2019 2:04 PM IST

Firms incorporated by Chief Financial Officer Chander Wadhwa acted as conduit to divert homebuyers money from Amrapali Group, says Supreme Court. (Photo: Amrapali.in)

Business

Rs 25,000-cr fund not for projects with cases pending in higher...

Homebuyers can approach banks for loan revival, advised the Governmant.

7 Nov 2019 5:52 PM IST

$The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)$ Business

Diluting govt stake below 50 per cent in PSBs no solution: Unions

Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.

1 Nov 2019 2:26 PM IST

Business

'Kotak Mahindra Bank best suited to acquire Yes Bank'

I think Uday (Kotak) is the best candidate to acquire Yes bank. You need deep pockets, Uday has that, said SBI's Rajnish...

17 Dec 2019 1:51 PM IST

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)

Business

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