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BusinessToday.In
New Delhi, September 24, 2018
The ED had registered a money laundering case against Sterling Biotech and its promoters, the Sandesara brothers, last October, taking cognisance of a CBI FIR on charges of alleged corruption.


BusinessToday.In
New Delhi, September 20, 2018
Out of the 10 appointments, 5 are from the country's biggest lender, State Bank of India.


PTI
September 16, 2018
The Reserve Bank of India has refused to be part of a high-level committee headed by the Cabinet Secretary which was constituted to resolve stress in the power sector as it is not willing to relax norms to deal with bad loans.


BusinessToday.In
New Delhi, September 14, 2018
The online exam (preliminary and main) is tentatively scheduled in December 2018 and January 2019. The shortlisted candidates will be provisionally allotted any of the 19 banks.


BusinessToday.In
New Delhi, September 12, 2018
The SC order will also buy the stressed shipping and sugar companies, which had approached the top court against the order, some more time.


PTI
September 10, 2018
If NCLT allows the plea of the ICICI Bank, then this will be the second company of the crisis hit Jaypee group facing insolvency.


Anilesh S Mahajan
New Delhi, August 30, 2018
Other than convincing the RBI and bankers to back the road projects, Jaitley will also have to work with the central bank to develop financial institutions.


BusinessToday.in
New Delhi, August 28, 2018
Spicejet operates the first biojet fuel flight for the countrySpicejet's flight yesterday between Dehradun and Delhi was special. The flight was powered by a blend of 75% air turbine fuel and 25% biojet fuel. This was a first for the country which is looking for ways to cut down fuel costs.A blend of 25% of bio jet fuel and 75% of aviation turbine fuel (ATF) was carried in one of the two engines of the plane, while the other engine carried only ATF. International standards permit ...


BusinessToday.In
New Delhi, August 27, 2018
As per the RBI's February-12 circular, the over 70 defaulting companies had been given six months starting from March, following which financial creditors were supposed to move the NCLT against them.


Mail Today Bureau
August 27, 2018
The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days.  The circular came into effect on March 1 and the 180-day deadline concludes on August 27.


PTI
August 26, 2018
The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days. The circular came into effect on March 1 and the 180-day deadline concludes on August 27.


PTI
August 26, 2018
According to the data, 159 branches of PSBs are operating in foreign countries, of which 41 branches were in losses in 2016-17. The country's largest lender State Bank of India (SBI) led the pack with nine of its overseas branches in the red.


Anilesh S. Mahajan
New Delhi, August 20, 2018
Despite huge strides, the risk of stressed and stranded projects is keeping investors jittery about India's infrastructure building strategy.


BusinessToday.In
New Delhi, August 17, 2018
Gross NPAs have exceeded Rs 8.5 lakh crore, up 19% year-on-year, while total provision for NPAs jumped 28% (y-o-y) to Rs 51,500 crore.


BusinessToday.in
New Delhi, August 14, 2018
Government of India has dismissed former Punjab National Bank managing director Usha Ananthasubramanian; India has disbursed nearly 13.47 crore loans worth Rs 6 lakh crore under the Pradhan Mantri Mudra Yojana; and rupee has touched yet another historic low. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


BusinessToday.in
New Delhi, August 14, 2018
Retail inflation slows down to 9-month low level in JulyRetail inflation plunged to a 9-month low of 4.17 per cent in July as vegetable prices fell, strengthening views that the RBI will keep interest rates on hold at its review in October after raising them for a second straight meeting on August 1. The RBI has raised the key repo rate by 0.25 per cent each on inflationary concerns. The next bi-monthly policy is to be unveiled on October 5. Ease of Living Index: Pune ranks first ...


BusinessToday.In
August 13, 2018
The government has also given permission to the CBI to prosecute Usha Ananthasubramanian.


PTI
August 12, 2018
Out of the two accounts on sale, Bombay Rayon Fashions Ltd owesRs 2,260.79 crore to the bank. The second account, Shivam Dhatu Udyog Pvt Ltd, has to repay Rs 229.32 crore.


BusinessToday.in
New Delhi, August 10, 2018
Govt working on turnaround plan for Air India, may allow airlines to raise external commercial borrowingAs the Civil Aviation Ministry plans Rs 11,000-crore bailout package for ailing Air India, Aviation Secretary RN Choubey on Thursday confirmed that the centre is working on a turnaround plan to make the debt-ridden airline competitive. Also, the centre is working on ways to let all airlines raise external commercial borrowing to meet the rising operational costs. The decision se...


BusinessToday.In
August 9, 2018
The Supreme Court today asked the Allahabad bench of the NCLT to deal with the insolvency proceedings against Jaypee Infratech, allowing a second round of bidding.


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