The NCLAT order on spectrum sale may block transfer of Aircel and RCom spectrum to UVARCL and leave Indian and foreign banks with non-performing assets of around Rs 60,000 crore as claimed by the lenders

Amid the second wave of COVID-19 cases, HDFC Bank said that its board of directors has decided not to offer a final dividend for FY21 in view of the persisting uncertainty

The RBI adopted multiple regulatory forbearance measures and ultra-loose monetary policy to counter economic headwinds. Now it has to work out an exit roadmap

The latest Business Today Business Confidence Index (BCI) shows slight improvement in overall sentiment despite the pessimism around economic and business issues

The survey showed deterioration in business leaders' outlook for the June quarter of the current fiscal. In four out of five parameters, respondents gave lower ratings than the previous survey

The pandemic presented a chance to take leadership roles, as there were no business continuity plans (BCP) prepared for a scenario where the entire world gets locked in, the US-headquartered financial institution's country head for India, Kaku Nakhate said

Despite COVID, when every sector is facing problem, we have constructed highways at record pace of 37 km in a day, said Nitin Gadkari in his address during commemoration of construction of national highways at record speed in 2020-21

CBI said that various incriminating documents and other material and digital evidences were recovered during the searches

Sebi has ordered the attachment of assets of the former Yes Bank boss Rana Kapoor since he failed to pay the fine worth Rs 1 crore imposed on him

Shares of Reliance Industries, Bharti Airtel, ONGC, Hero MotoCorp, Rail Vikas Nigam, JK Tyre and Industries, Suzlon, Tata Motors will be in focus in Wednesday's trading session

Stock Market News Update Today: The BSE Sensex witnessed broader-based selling with 28 out of 30 BSE index heavyweights ending in red amid fear that second and third wave infections in India are bound to hamper economic recovery

The apex court's decision to announce waiver of interest on interest will likely result in an additional outgo of Rs 7,000-7,500 crore to borrowers.

A Supreme Court bench ruled that it cannot direct the government or the central bank to announce particular financial relief or packages, nor can it ask relief for particular sectors

The Reserve Bank of India's Financial Stability Report, released in January this year, showed that gross non-performing assets (NPAs) of banks may rise to 13.5 per cent by September 2021, under the baseline stress scenario

The move by SP & Company (SPCPL), which is the flagship company of SP Group, comes at a time when banks are considering its one-time restructuring (OTR) application

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

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 job of the financial sector is to do optimal capital allocation in the economy. Since 90s the key problem is of quality of lending in case of large loans. The exact word is crony lending, said Chief Economic Advisor (CEA) K Subramanian

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

The N-LRSI, which measures the performance of 32 states and UTs across four broad parameters, found that 29 states and UTs have shown positive change or retained their scores in 2020-21