These forced loans on banks not only put a burden on the lenders, but also indirectly impact the government exchequer as the public sector banks will have to be recapitalised with the tax payer's money at some later date.

Of the total loan of Rs 1060 crore, SRS Ltd owes Rs 628 crore to State Bank of India, Rs 224 crore to Bank of India and Rs 125 crore to Union Bank of India.

While previous governments have avoided introducing major changes in an Interim Budget, the regime at the Centre has often used this opportunity to woo voters and outline its economic policy vision for the next five years should India vote to keep it in power.

Last month, the Union Home Ministry granted nine central agencies and the Delhi police commissioner to \"intercept, monitor and decrypt\" information from any computer

How it became India's fourth most valuable group and what it is doing to stay on top.

The new rates range from 8.90 to 9.15 per cent on various slabs of loans.

The Reserve Bank of India has asked banks to ensure that their customers migrate to debit and credit cards with EMV chips by the end of this year.

A lowdown on the watershed moments of 2018.