It is proposed to constitute a committee to undertake a comprehensive review of the working of ARCs in the financial sector ecosystem, RBI Governor Shaktikanta Das said

PM Modi visits war memorial, meets Bangladesh leaders, young achievers in DhakaPrime Minister Narendra Modi is on a two-day visit to Bangladesh which coincides with the country's 50th Independence Day celebrations. The Prime Minister was greeted by his counterpart Bangladesh PM Sheikh Hasina when he landed in Dhaka on Friday. While in Dhaka, PM Modi visited the National Martyrs' Memorial, Savar. The Prime Minister paid homage to the freedom fighters who had died in 1971 during the Bangladesh...

Edelweiss Financial Services share fell 4.99% to Rs 76.15 against previous close of Rs 80.15 on BSE

Shares of Future Retail, Reliance Industries, Easy Trip Planners, auto stocks, Bharti Airtel, GAIL India, Edelweiss Financial Services, Adani Green Energy will be in focus in Friday's trading session

Rajan also cautioned against a second wave of coronavirus cases and called for increasing the pace of vaccination.

YES Bank stock lost 3.14% to Rs 15.40 against previous close of Rs 15.90. Market cap of the lender fell to Rs 39,210 crore on BSE

Shares of YES Bank, Axis Bank, MTAR Tech, Tata Communications, SBI cards, Bajaj Finance, GTV Engineering, Fortis Malar Hospitals, Kotak Mahindra Bank, Dilip Buildcon will be in focus in Monday's trading session

Thakur mentioned that as borrowers of written-off loans continue to be liable for repayment and the process of recovery of dues from the borrower in written-off loan accounts continues, write-off does not benefit the borrower

The proposed two-tier ARC, AMC framework, ostensibly created with public structure and private sector in mind for the respective entities, may create more problems than they serve

Digitisation and proposed ARC for bad loans and development financial institution will help the banking industry reboot. The 25th edition of the BT-KPMG Best Bank Study brings you future ready banks and Fintechs

The share has fallen 3% in one week, 8.5% in a month. Year-to-date, the stock is down 9%

YES Bank share price share has fallen 2.66% in one week, 8.8% in a month. Year-to-date, the stock is down 7.8%

Market capitalisation of the lender rose to Rs 41,340.59 crore. The stock has touched a 52-week high of Rs 87.95 and a 52-week low of Rs 5.55

Stock Market News Updates Today: RIL, Bajaj twins, Airtel were among the top gainers while, Nestle, TCS, Axis Bank, L&T traded as the top losers

RBI's database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses serious macro-financial risks to the economy

SBI also retained its forecast for 11 per cent growth in India's GDP in financial year 2021-22.

Finance Minister Nirmala Sitharaman also said that the government has no plan to form any bank investment company to house the government stakes in banks

At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue

Economists, CEOs, consultants, sector specialists interpret Nirmala Sitharaman's 'Never-before' Budget

The Budget focuses on growth to create jobs but lacks holistic measures to solve the problem of massive unemployment