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Rajeev Dubey
New Delhi, July 17, 2018
IDBI Bank will be a burden on LIC. Out of its total outstanding loans of Rs 1.99 lakh crore, it has already recognised gross NPAs worth Rs 55,588 crore while it has also provisioned for bad loans worth Rs 26,902 crore.


PTI
July 4, 2018
\"...the rates of interest on various small savings schemes for the second quarter of financial year 2018-19 starting July 1 and ending on September 30, 2018 shall remain unchanged from those notified for the fourth quarter of financial year 2017-18,\" the Finance Ministry said while notifying the rates for the second quarter.


Anand Adhikari
July 3, 2018
The BJP-led NDA Government has pulled a rabbit out of their hat by announcing a slew of initiatives aimed at avoiding the bankruptcy proceedings for banks as well as defaulting promoters.


PTI
New Delhi, July 2, 2018
The committee favours banks and overseas investors funding for the bad bank. The proposed 'bad bank' should also appoint experts from outside to tackle the stressed assets issue, suggests the panel.


BusinessToday.In
July 3, 2018
\"The state of the economy was much worse than expected. Things were terrible. Even the budget figures were suspicious,\" Prime Minister Narendra Modi said.


BusinessToday.In
July 2, 2018
Last week, the Insurance Regulatory and Development Authority of India permitted LIC to acquire up to 51 per cent stake in IDBI Bank. If the deal goes through, the bank will get a much-needed capital support as it is grappling with mounting non-performing assets.


BusinessToday.In
July 2, 2018
The IRDAI entered the picture because under current norms, an insurance company cannot hold more than 15 per cent stake in a company.


BusinessToday.In
New Delhi, June 29, 2018
The proposal, still at a nascent stage, envisages borrowers filling in relevant details online, based on which they will subsequently receive competitive offers from interested lenders.


PTI
June 29, 2018
India's growth accelerated to 7.7 per cent in the fourth quarter of Financial Year (FY) 2017-18. That was up from 7 per cent in the previous quarter.


BusinessToday.In
New Delhi, June 28, 2018
The government is also, at best, lukewarm to the idea of an asset reconstruction company (ARC) to take over the public sector banks' toxic loans as it's not keen on diverting more of taxpayers' money toward their resolution in this manner.


BusinessToday.In
June 28, 2018
State Bank of India (SBI) is in the process of closing down nine branches, said its Managing Director Pravin K. Gupta. India's largest public sector lender operates in about 36 countries with nearly 190 branches.


PTI
New Delhi, June 27, 2018
State-owned Canara Bank will issue up to 6 crore equity shares to its staff to raise up to Rs 1,000 crore under employee stock purchase scheme.


BusinessToday.In
June 27, 2018
Vijay Mallya claimed that the value of his assets currently is much more than what it was in 2016.


BusinessToday.In
June 27, 2018
In the RBI's Financial Stability Report, the apex bank said that the Gross NPA (GNPA) ratio of scheduled commercial banks (SCBs) is likely to rise in the current fiscal.


BusinessToday.In
New Delhi, June 26, 2018
The fugitive liquor baron Vijay Mallya today hit out at the government and its investigative agencies for making him the 'poster boy' of bank defaults. The beleaguered tycoon has written a detailed 5-page letter. Watch BusinessToday.In's video to find out more.


PTI
June 26, 2018
Painting a gloomy picture of the banking sector, the RBI today said Gross NPA ratio of banks is likely to rise from 11.6 per cent in March 2018 to 12.2 per cent by the end of the current fiscal.


BusinessToday.In
June 26, 2018
A week after he became the first person to be tried under India's new Fugitive Economic Offenders Ordinance, the former King of Good Times Vijay Mallya took to Twitter this afternoon to put forth his side of things.


BusinessToday.In
June 26, 2018
In a detailed five-page statement, the beleaguered tycoon claimed that despite making two public offers to settle the pending dues of Kingfisher Airlines, the ED has objected to sale of assets to repay KFA creditors which include public sector banks.


BusinessToday.In
New Delhi, June 25, 2018
The Indian Institutes of Management (IIM), XLRI Jamshedpur, and SPJIMR Mumbai are now focussing on teaching students the importance of ethics and corporate governance and corporate social responsibility.


BusinessToday.In
June 25, 2018
The stock was reacting to a media report claiming that Housing Development Finance Corp (HDFC) and Kotak Mahindra Bank are vying for a controlling stake in PNB Housing Finance.


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