According to Arvind Gupta, the ICICI Bank-Videocon Group quid pro quo loans whistleblower, SBI's \"financial adventurism will expose public funds to a serious NPA risk\" and, hence, calls for \"serious reconsideration\"

Anil Ambani-led Reliance Group companies said that illegal, motivated and unwarranted actions by L&T Finance and Edelweiss group is responsible for nearly 55 per cent drop in market capitalisation, two-wheeler exports from India rise 19.5% and other news on News Blast 

Anil Ambani's Reliance Group loses Rs 13,000 crore in 4 days; blames L&T Finance, Edelweiss Group for stock fall Anil Ambani-led Reliance Group companies on Friday said that illegal, motivated and unwarranted actions by L&T Finance and Edelweiss group is responsible for nearly 55 per cent drop in market capitalisation in just 4 trading days. On February 1, Reliance Communications had filed for bankruptcy to resolve its debt position. As of March 2017, the company owed banks USD 7...

E-bidding for SBI accounts will take place on February 27 and for OBC on February 25.

Moody's added that the banks continue to breach the profitability parameter of the framework, but we expect this to improve gradually, helped by a decline in credit costs.

Initial estimates suggest that the combined entity formed after the merger will be the largest non-life insurance company in India, valued at Rs 1.2-1.5 lakh crore.

Sectorally, auto, banking, agriculture, and FMCG stocks rallied as budget measures are expected to provide a boost to sectors in domestic consumption like automobiles, consumer staples and durables, real estate, building materials, home improvement and retail-focussed banking and financials.

The RBI Thursday lifted lending curbs on three out of 11 weak public sector banks (PSBs).

Finance Minister Piyush Goyal: Fiscal deficit has come down to 3.4 per cent in revised estimate of 2018-19; current account deficit expected to be 2.5 per cent this year.

In the case of Oriental Bank of Commerce, the net NPA has come down to less than 6 per cent as the government has infused sufficient capital, RBI said.

Budget 2019: Depending on the capital that Budget provides, individual allocation would be made, sources added. This capital is required to strengthen their financial health.