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Finance Minister Arun Jaitley

Govt to soon announce steps to tackle NPAs of MSMEs: Jaitley

MUDRA Yojana launched in April 2015 has led to a sanction of Rs 4.6 lakh crore in credit to some 10.38 lakh MUDRA loans.

1 Feb 2018 8:18 AM GMT

The commerce ministry has circulated a draft cabinet note seeking views of different departments on the proposed industrial policy that aims to promote emerging sectors, Union minister Suresh Prabhu said.

New industrial policy to be announced soon: Suresh Prabhu

The new policy will replace the industrial policy of 1991 which was prepared in the backdrop of balance of payment...

23 April 2018 10:30 AM GMT

The merger proposals in the banking sector would require a clearance from the Competition Commission of India, the ministry official said.

NPAs to rise by Rs 8,000 crore

Gitanjali, among others, is the major account which has turned bad in the Q4 of FY18.

15 April 2018 7:13 PM GMT

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 9:36 AM GMT

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 8:11 AM GMT

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.

Fitch questions strength of corporate governance at ICICI Bank

Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank.

9 April 2018 11:57 AM GMT

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, PNB put 15 NPAs worth Rs 1,063 crore for sale

All the 21 public sector banks had gross bad loans of over Rs 7.33 lakh crore.

8 April 2018 8:41 AM GMT

West Bengal CM Mamata Banerjee addresses during the special inaugural session of the 78th Indian History Congress in Kolkata. (Photo: PTI)

PSBs wrote off Rs 2.41 lakh Cr loans in over 3 yrs: Mamata Banerjee...

PSU banks wrote off Rs 2.41 lakh-crore loans in over 3 yrs, Government informed Parliament on Tuesday.

4 April 2018 6:23 AM GMT

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.

PSBs wrote off Rs 2.41 lakh crore loans in over 3 years

The Rajya Sabha was informed on Tuesday.

3 April 2018 2:12 PM GMT

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.

RBI asks Axis Bank to re-consider Shikha Sharma as MD

The move comes against the backdrop of persisting concerns over mounting Non-Performing Assets (NPAs) in the banking...

2 April 2018 2:20 PM GMT

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 7:33 AM GMT

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 Q1 profit slips 46 per cent to Rs 701 crore

In absolute terms, gross NPAs rose at Rs 32,662.40 crore as on June 30, 2018 compared to Rs 22,030.87 crore a year...

30 July 2018 1:49 PM GMT