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GST reform process would lead to a move from the regime of tax exemptions in various sectors of economy to a regime of seamless flow of credit and payment of tax.

Demonetisation, GST to transform India: RBI

Withdrawal of legal tender status of specified bank notes (old Rs 500/1000) could potentially transform the domestic...

29 Dec 2016 6:47 PM IST

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United Bank of India cuts lending rate by 0.90 pc

Bank said that rate for 1-year tenure has been reduced by 0.60 per cent to 8.8 per cent.

5 Jan 2017 11:38 AM IST

Finance Minister Arun Jaitley and RBI Governor Urjit Patel during the customary post- budget meeting in New Delhi on Saturday. (Photo: PTI)

Arun Jaitley, Urjit Patel hold talks on how to end NPAs

Setting up of a bad bank to hold such loans seemed not on top of alternatives of policy makers.

11 March 2017 12:45 PM IST

SBI chief Arundhati Bhattacharya

SBI's $2.3 bn share sale probably to QIPs: Bhattacharya

SBI, India's biggest lender by assets, has shortlisted six banks to manage share sale.

3 Jun 2017 11:12 AM IST

RBI governor Urjit Patel

RBI revises PCA rules to tackle Rs 6 lakh crore bad loans

Central bank issues new set of enabling provisions under label of revised prompt corrective action framework.

14 April 2017 11:53 AM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Govt to help banks resolve Rs 6 lakh cr bad loans

Govt may bring in amendment in Banking Regulation Act or issue an ordinance to empower RBI.

4 April 2017 2:30 PM IST

RBI governor Urjit Patel

RBI names 12 NPA accounts for insolvency proceedings

Each of them has over Rs 5,000 crore of outstanding loans, accounting for 25 per cent of total NPAs of banks.

14 Jun 2017 8:55 AM IST

Defence Minister Arun Jaitley. (Photo: PTI)

Jaitley to review working of PSU banks, FIs on June 12

Meet assumes significance as it will be first after promulgation of ordinance amending Banking Regulation Act, 1949,...

9 Jun 2017 4:12 PM IST

The estimate is based on Crisils assessment of embedded value in the top 50 NPAs in the banking system. (Representational image)

Banks need to take 60 per cent haircut on NPAs

Study suggests banks to increase provisioning by 25 per cent.

27 Jun 2017 4:15 AM IST

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Banks to increase provisioning by 25 per cent post NPA haircut: Crisil

The RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code...

26 Jun 2017 5:14 PM IST

RBI Governor Urjit Patel (Photo: PTI)

Long-gestation projects responsible for high NPAs

RBI governor Urjit Patel says problem of NPAs was earlier also but it is only recently issue was being recognised.

11 Feb 2017 5:53 PM IST

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

Kotak Mahindra Bank Q4 net over 40 pc at Rs 976 cr

Bank had reported a net profit of Rs 695.78 crore in corresponding quarter of 2015-16 fiscal.

27 April 2017 3:56 PM IST