Over 70% of the capital infused by the government in public sector banks (PSBs) over the last three years has been consumed by losses incurred by these lenders, the Reserve Bank of India (RBI) has said while seeking a legisla
The average recovery by banks based on the amount filed through the Insolvency and Bankruptcy Code (IBC) was 41.3% in FY18 against 12.4% through other mechanisms such as SARFAESI Act, Debt Recovery Tribunals and Lok Adalats,
Non-performing assets (NPAs) of public sector banks (PSBs) dropped by Rs 23,860 crore in the first half of the current fiscal from a peak of Rs 9.62 lakh crore in March 2018, in a sign that the worst is behind, according to f
State-run banks have given in-principle approval to 1.12 lakh loan applications of MSMEs, totalling Rs 37,412 crore, under the ‘59 minutes’ loan scheme, launched by Prime Minister Narendra Modi on November 2.
The Gujarat state electricity board has approached the Central Electricity Regulatory Commission, seeking its approval to amend the terms of the power purchase agreement (PPA) for 2,000 MW signed with Adani Power for procurin
Following the crisis the non-banking financial companies (NBFCs) faced on account of the IL&FS credit default, the Reserve Bank of India on Friday said it would ensure sustained growth in the sector and abate liquidity fears.
The book trails India Cements’ growth over seven decades and traces it directly to leadership and 50 years of association of its vice-chairman and managing director N Srinivasan, his vision and intuitive knowledge of the m
The government's move to tighten norms for online marketplaces with foreign investment will close the “back door” that has been “blatantly exploited” by such companies and provide a level-playing field, a section of i
Since the beginning of FY19, crude has been caught up in wider financial market weakness as higher US interest rates, the US-China trade dispute and the US shutdown unnerved investors and exacerbated worries over global growt