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BusinessToday.In
June 2, 2018
The whistle-blower has claimed that the ICICI Bank had favoured Ruia brothers of Essar group for 'round-tripping' investments into Chanda Kochhar's husband Deepak Kochhar's NuPower Group - a firm which is at the centre of current Videocon loan probe.  


PTI
June 1, 2018



BusinessToday.In
May 31, 2018
All the 38 listed banks accounted for gross NPAs totalling over Rs 10.17 lakh crore in the quarter ended March.


Mail Today Bureau
May 31, 2018
ICICI Bank has instituted an independent inquiry into allegations raised by an whistleblower against CEO Chanda Kochhar of having given out huge loans to certain business groups who in return extended benefits to companies run by her husband and brother-in-law.


BusinessToday.in
New Delhi, May 25, 2018
Windfall tax on ONGC in offing to soften fuel pricesThe government may levy a windfall tax on oil producers like Oil and Natural Gas Corporation Ltd. as part of a permanent solution it is working on for moderating the spiralling retail prices of petrol and diesel.The tax, which may come in the form of a cess, will kick in the moment oil prices cross $70 per barrel, sources privy to the development said. Under the scheme, oil producers like ONGC, who get paid international rates ...


BusinessToday.In
New Delhi, May 24, 2018
Earlier this week, reports pointed out that India's private banks have recorded a 450 per cent jump in gross NPAs in the past five years. But according to a recent CARE Ratings report, there has been a significant spurt in NPAs even on a quarterly basis where the fourth quarter results of the last fiscal are concerned. 


PTI
May 23, 2018



BusinessToday.In
May 23, 2018
The Sensex and Nifty closed lower today dragged by energy stocks such as Hindustan Petroleum Corp and Oil and Natural Gas Corp on rising concern that the government may ask state-owned oil firms to share the burden of higher petrol and diesel prices.The broader NSE Nifty closed 1.01 percent lower at 10,430, while the benchmark BSE Sensex fell 0.88 percent to 34,344. Both the indexes fell over 1 percent in the last hour of trading. SBI was the top Sensex gainer after the bank sai...


BusinessToday.In
May 23, 2018
The broader NSE Nifty closed 1.01 percent or 106 points lower at 10,430.35, while the benchmark BSE Sensex fell 0.88 percent or 306 points to 34,344.91. Both the indexes fell over 1 percent in the last hour of trading.


BusinessToday.In
May 23, 2018
\"With significant cleansing of the book largely behind, we expect provisioning expenses to decline sharply, while gradual pick -up in loan growth/margins is expected to further boost earnings. We raise our FY19/20E earnings by 36%/12% and revise our price target to  Rs 365 (1.5x FY20E ABV for bank). Maintain Buy, \" brokerage Motilal Oswal said in its report.


BusinessToday.In
May 22, 2018
Rajnish Kumar, MD at SBI said major part of the bad loans have been accounted for in the quarter ending March 31, 2018.


PTI
May 20, 2018
PNB saw wilful defaults by big borrowers slipping further to Rs 15,199.57 crore in April this year over the previous month. Big wilful defaulters are categorised by PNB as those borrowers with loan outstanding of Rs 25 lakh and over.


PTI
May 15, 2018



Nevin John
New Delhi, May 15, 2018
JSW Steel comes back from the brink and is now ready to face the challenges.


Aarti Dua
New Delhi, May 14, 2018
The venture debt market is coming of age in the Indian start-up ecosystem.


Goutam Das
New Delhi, May 14, 2018
David Kenny, Senior Vice President, IBM Watson and Cloud Platform, tells Goutam Das that there is a strong case for diversity in AI.


Reuters
New Delhi, May 12, 2018
Four Indian state banks reported on Friday a combined net loss of 117.29 billion rupees ($1.74 billion) for the fiscal fourth quarter due to a jump in bad-loan provisions following a tightening of the Reserve Bank of India rules.


PTI
New Delhi, May 12, 2018
Reserve Bank has initiated prompt corrective action against public sector lender Dena Bank in view of high non-performing loans, restricting the bank from giving fresh credit and new hiring.


PTI
May 10, 2018



PTI
May 10, 2018



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