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RBI has moved the NCLAT seeking modification of its order that restrained banks from declaring accounts of IL&FS and its group companies as NPAs.

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Banks have to mark IL&FS accounts as NPAs after default: RBI to NCLAT

NCLAT also took on record the information provided by IL&FS about the four amber listed group companies.

17 April 2019 8:53 AM IST

As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

Business

India needs to bolster level of capitalisation of government-owned...

The level of non-performing loans (NPLs) in India remains high.

11 April 2019 10:21 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 invites EoI to sell two dud accounts to recover Rs 423 crore

The e-auction for the NPA accounts -- Kamachi Industries and SNS Starch --is scheduled for April 25, 2019.

8 April 2019 2:56 PM IST

Business

Govt, RBI will have to bring new rules: Kant on SC order on NPA...

The ruling came on a petition filed by 34 power companies which alone owe Rs 2.3 lakh crore to banks.

3 April 2019 2:22 PM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

Business

PNB narrows Q4 loss to Rs 4,750 crore

Stock of PNB traded at Rs 88.10 on BSE, down 1.34 per cent from its previous close.

28 May 2019 2:12 PM IST

Shares of Bank of Baroda was trading 0.25 per cent up at Rs 138.95 on BSE.

Business

Bank of Baroda narrows Q4 loss to Rs 991 cr, NPA provisions at Rs...

Compared sequentially, there was a net profit of Rs 471.25 crore during the third quarter ended December 2018.

23 May 2019 9:00 AM IST

NITI Aayog Vice chairman Arvind Panagariya

Business

Panagariya recommends aggressive privatisation of public sector...

Among the longer-term reforms, Panagariya recommended reform of labour laws.

21 May 2019 11:50 AM IST

$\There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,\ Injeti Srinivas said.$ Business