Following the news, share of the firm opened at the day's low of Rs 1.35, falling 3.5% against the last closing of Rs 1.40. The stock also hit the day's high at Rs 1.45 but soon erased gains

Fintechs' ties with banks and NBFCs have come under the Reserve Bank of Indias scanner for shoddy practices. Here is the inside story

Contrary to popular belief, private sector efficiency vis-a-vis public sector is a neoliberal construct for which there is little evidence or lived experience but is pushed, nevertheless, for private gains

The shortage of funds is threatening key sectors of the economy. What the government needs to do to fix it

The cleanup of the financial system was actually initiated by the previous governor, Raghuram Rajan, when he started the Asset Quality Review (AQR) of banks in July 2015, which forced banks to stop ever greening loans and owe up to their bad loans.

The government has given signal to banks to try out yet another resolution approach, including AMC-AIF, for dealing with growing stressed assets. Will it work?

It has not given bankers the realisations they had hoped for. Now the government has unveiled a new approach even while they are modifying the act.

Corporate czars are looking to acquire stressed assets of India's dozen big defaulters. A look at what that means for industry and banks.

Nandan Nilekani is back at Infosys as its non-executive chairman, an initiative welcomed by the company's beleaguered investors.

Insolvency professionals backed by banks are taking over the headquarters of some of the biggest corporate defaulters. Their success will be key to solvingthe NPA problem.

The noose tightens around 12 big corporate defaulters as bankers invoke bankruptcy proceedings for quick redressal.

If global history is any indication, it is high time for India to think out of the box or borrow tested global models. Many experts feel that setting up a bad bank will be a bold and radical idea.

Rajan had already made his presence felt at RBI and on the financial reforms front within those two years. He had made the monetary policy sharply focused on consumer price inflation (CPI). His successor will need to decide which ones to follow through.

Several factors are driving this flourishing trade in bad assets. But the biggest trigger came in November 2013 when RBI Governor Raghuram Rajan, in a strongly worded exhortation, asked the banking system to clean up its act.

Retail lending, which shrank following the downturn since late 2008, is growing again as a number of banks are once again actively seeking borrowers in untapped areas.

According to people familiar with the development, SBI has issued hundreds of notices to small NPA account holders in the past two months.

Gross non-performing assets (NPAs) of domestic banks jumped to 3.6 per cent at the end of March 2013 from 3.1 per cent of total lending a year earlier, according to RBI. Bad loans rose further to 4.2 per cent by the end of September 2013, latest data show.

Subex, Cranes Software, Strides Arcolab, GTL Infrastructure, Indowind Energy and Suzlon Energy are just a few names among the Indian mid-sized companies on the long list of FCCB borrowers facing headwinds.

In the post-Kamath era, the ICICI Group has a new game plan for growth and a new team to execute it - but will it miss the old guard?

Retail lending took off in the past decade. In the next 10 years, it will come of age.