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PTI
New Delhi, September 19, 2018
The debts incurred by IL&FS in the form of bank loans accounted for around 0.5-0.7 per cent of overall banking system loans as on March 31, 2018.


Anand Adhikari
September 18, 2018
The BJP-led NDA government probably had the right intention when they knocked on the doors of Ravi Venkatesan, former chairman of Microsoft India and P S Jayakumar, an ex-citibanker turned entrepreneur, for helping them in conducting an experiment of sorts with Bank of Baroda.


Anand Adhikari
September 17, 2018
The merger of Dena Bank and Vijaya Bank with Bank of Baroda will create new challenges for the amalgamated bank.


Nevin John
New Delhi, September 17, 2018
Lessons from the failure of some of India's biggest business names.


PTI
September 16, 2018
This would be first charge sheet in the case pertaining to loans of over Rs 6,000 crore given to Kingfisher by a consortium of 17 banks led by State Bank of India which alone had an exposure of Rs 1,600 crore.


BusinessToday.In
September 15, 2018
Finance Minister Arun Jaitley said that external factors like policies adopted by the United States, trade tensions and skyrocketing crude oil prices are impacting economies like India, despite \"strong fundamentals\".


BusinessToday.In
New Delhi, September 13, 2018
Office space is in heavy demand in BKC, which has emerged as the city's financial centre in the past few years, taking over from Nariman Point. So, the sale of the corporate headquarters is expected to fetch Rs 1,300-1,500 crore. 


PTI
September 12, 2018
Kochhar, who has been away from office following an enquiry initiated under the retired Supreme Court judge BN Srikrishna late May but continues to hold onto her position as the managing director & chief executive, was absent from the AGM.


BusinessToday.In
New Delhi, September 12, 2018
Car sales declined 1.03% to 1,96,847 units last month, as against 1,98,892 units in August 2017, while utility vehicles posted a drop of 7.11%.


Joe C Mathew
New Delhi, September 11, 2018
The Reserve Bank of India (RBI) has highlighted that the fiscal deficit of all 29 Indian states would decline to 2.6 per cent of gross domestic product (GDP) as per their FY2019 Budget Estimates (BE), from 3.1 per cent of GDP as per their FY2018 Revised Estimates (RE).


BusinessToday.In
New Delhi, September 11, 2018
India pips Japan in GDP based on purchasing power parity; Raghuram Rajan blames 'over optimistic bankers' for bad loans, NPA mess; GAIL India aims to add 5,500 km gas pipeline in 3 years; and Deepak Kochhar summoned by Corporate Affairs Ministry in ICICI Bank-Videocon loan case. Watch this episode of Business Wrap.


BusinessToday.In
New Delhi, September 11, 2018
Interpol issues red-corner notice against Nirav Modi's sister Purvi ModiAfter the Interpol issued a red-corner notice (RCN) against a close aide of diamantaire fugitive Nirav Modi, Mihir Bhansali, it has issued another notice against Purvi Modi, who is a Belgian national and the sister of Nirav Modi. The RCN has been issued on the request of the Enforcement Directorate to the Interpol, as the ED seeks to interrogate her on the alleged charges of 'money laundering'.After Bharat Ban...


BusinessToday.In
September 11, 2018
While several measures have been suggested to contain the rupee fall which has depreciated nearly 13% since the beginning of this year, you will be surprised to know that the Indian currency is not the only one to lose major ground due to geopolitical and fiscal factors.


PTI
September 10, 2018
NuPower Renewables and NuPower Wind Farms are among the six companies whose books are being inspected by the ministry.


Anand Adhikari
September 10, 2018
Axis Bank has been in news for all the wrong reasons in the last one year from deteriorating asset quality, leak of financial results, non-compliance with its asset classification norms, to falling stock price.


PTI
September 9, 2018
Capital markets regulator SEBI may soon summon ICICI Bank's on-leave CEO Chanda Kochhar and her husband with regard to a probe into alleged regulatory lapses with regard to his business dealings.


Rajeev Dubey
New Delhi, September 6, 2018
Shivinder Singh's petition against brother Malvinder and former Religare CEO Sunil Godhwani points at only the tip of the iceberg in the corporate mismanagement that led to the Singh brothers losing control of Fortis Healthcare and  Religare.


Mudit Kapoor
New Delhi, September 5, 2018
Money is laundered through a web of companies located in different geographies, making it difficult to check such transactions. To fight this, the Reserve Bank of India (RBI) has introduced Legal Entity Identifier or LEI. Its key aim is to check and prevent banking frauds.


Anand Adhikari
New Delhi, September 3, 2018
Zarin Daruwala is well on the path of de-risking the business model of one of the largest foreign banks in India.


BusinessToday.In
August 22, 2018
A notice for the AGM by ICICI Securities reads that Kochhar retires by rotation and being eligible, has offered herself for re-appointment. If she is found fit for the position, her re-appointment will be approved by passing an ordinary resolution.


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