With digital banking becoming all-important, HDFC Bank wants to deliver not just banking but a financial experience to customers, managing director Aditya Puri tells Shobhana Subramanian and Shayan Ghosh.
A clutch of public sector lenders may provide short-term loans to Punjab National Bank(PNB) with which PNB will repay banks the money they lent to the Nirav Modi and Gitanjali Gems groups against letters of undertaking (LoUs)
Contradicting its reply to an earlier right to information (RTI) query, the Reserve Bank of India (RBI) has recently said bank-wise information on special mention account (SMA) 1 and 2 is exempt from disclosure under Section
Public sector banks (PSBs) have penalised employees in more than 5,000 instances between January 2015 and March 2017 with more than half of them being in 2015, the government's reply to a question in the Parliament showed.
The committee of creditors (CoC) to Essar Steel is likely to approach the National Company Law Tribunal (NCLT) regarding the bids received as part of the steelmaker's insolvency resolution process since both the bidders – A
Regulators may be wary of a bigger problem cropping up after the revelation of misuse of non-fund-based banking services by entities associated with the now infamous diamantaire Nirav Modi, the promoter of diamond trading com
While the Indian bankruptcy code has vested significant powers in the hands of the resolution professional (RP), the National Company Law Appellate Tribunal (NCLAT) has ruled that these are not without limits, reports Shayan
While the Indian Bankruptcy Code has vested significant powers in the hands of the resolution professional (RP), the National Company Law Appellate Tribunal (NCLAT) has ruled that these are not without limits.
The issue came up for consideration before banks decided to independently invoke the guarantees of promoters of Essar Steel, sources told FE. They added that since the company and the personal guarantor are separate entities,
Budget 2018: The government, he said, has also initiated the process of strategic disinvestment in 24 CPSEs, including the strategic privatisation of Air India. Strategic divestment could be a key revenue mobiliser in the com
Budget 2018: The government’s plan to merge three general insurance companies — National Insurance Company, United India Assurance Company and Oriental India Insurance Company — will create one of the largest general in
The Mumbai Bench of the National Company Law Tribunal (NCLT) has dismissed a petition by Monnet Ispat’s resolution professional against the ministry of coal for issuing a termination notice of its coal mine in Chattisgarh.
While the claims are small compared with the size of Essar Steel’s total debt of Rs 44,000 crore, they nevertheless show the interconnected nature of these businesses. More than 1,600 operational creditors have filed claims
State Bank of India (SBI) has put on sale loans of Asian Colour Coated Ispat worth Rs 1,301 crore. The bank has sought bids from asset reconstruction companies (ARCs) under the Swiss Challenge method on a full-cash basis, acc
Senior bankers will meet officials of the Insolvency and Bankruptcy Board of India (IBBI), including its chairman MS Sahoo, on December 14 to express their discomfort over sharing loan agreements and other confidential client