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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.

Business

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 debt crisis at the infrastructure lender came to light following a series of defaults by its group companies beginning September 2018.

Business

Accounts of IL&FS, group cos cannot be declared NPA without NCLAT nod

The tribunal's direction came during the hearing over the govt's plan for the resolution of IL&FS group companies.

25 Feb 2019 12:49 PM IST

Niti Aayogs new Vice-Chairman Rajiv Kumar.(Photo: PTI)

Business

Banking sector on way to recovery: Niti Aayog

The banking sector remains fragmented which makes the cost of capital quite high, says Niti Aayog Vice Chairman.

22 Feb 2019 2:57 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)

Business

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.

Business

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

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Business

Liquidity constraints continue in the market despite bank recoveries:...

At the same time, over 90 per cent of respondents said infrastructure continues to remain a key sector with high NPAs.

18 Feb 2019 11:48 AM 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.

Business

Banks expect liquidity to remain tight in Q4: Survey

The liquidity scenario remained in deficit in the third quarter of 2018-19, the survey said.

18 Feb 2019 10:28 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

RBI threatens action against Yes Bank for disclosing nil divergence...

Yes Bank had said the RBI has not found any divergence in the asset classification, provisioning done by the lender...

16 Feb 2019 2:10 PM IST

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

Business

Yes Bank shares zoom 30 per cent; m-cap rises by Rs 8,590 crore

The shares after opening the day on a positive note further skyrocketed 28.95 per cent to Rs 218 on BSE.

14 Feb 2019 11:49 AM IST

Business

NPA under Mudra Yojana stands at Rs 7,277 crore

Almost 73 per cent of the loans under PMMY have been extended to women borrowers.

13 Feb 2019 10:20 AM IST

Business

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)

Business

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