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PTI
New Delhi, July 16, 2019
During 2018-19, the maximum number of frauds, involving Rs 1 lakh and above, were reported by ICICI Bank at 374 followed by Kotak Mahindra Bank (338), and HDFC Bank (273).


PTI
July 16, 2019



BusinessToday.In
New Delhi, July 16, 2019
Federal Bank's net interest income (NII) rose 17.8 per cent to Rs 1,154 in April-June quarter of FY20; Other income surged 44.5 percent y-o-y to Rs 391.5 crore and operating profit jumped 30 percent to Rs 783 crore on yearly basis


Dipak Mondal
New Delhi, July 15, 2019
Mahindra Mutual Fund MD Ashutosh Bishnoi says the recent defaults in the corporate sector could have been averted had fund managers looked at balance sheet numbers and not gotten swayed by the big names


PTI
July 15, 2019



BusinessToday.In
July 15, 2019
Shares of Allahabad Bank declined nearly 15% on Monday after the lender reported a fraud of over Rs 1,775 crore by Bhushan Power and became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker.


PB Jayakumar
New Delhi, July 15, 2019
With over Rs 11,000 crore debt and an impending $172 million FCCB payout next month, Suzlon is negotiating with lenders and potential investors


BusinessToday.In
July 13, 2019
A two-member NCLAT bench has given IL&FS 15 days to restructure debts of its 10 'amber' entities and questioned the debt-laden company about plans for resolution of its remaining group firms


Arindam Guha
New Delhi, July 12, 2019
While Budget 2019 has occasionally distinguished between ease of living and ease of doing business (in case of farmers, for example), it has more or less continued to focus on the issues outlined above in a comprehensive manner


BusinessToday.In
New Delhi, July 12, 2019
SBI IMPS charges: The charges will also be zero for the users who want to transfer funds via its app Yono, internet banking and mobile banking.


PTI
July 12, 2019



BusinessToday.In
New Delhi, July 11, 2019
Govt identifies ONGC, NTPC, GAIL as options for giving up direct controlHaving set the highest-ever disinvestment target of Rs 1.05-lakh crore for the current fiscal, the Modi government is not only looking at selling assets of healthy as well as sick Central Public Sector Enterprises (CPSEs), but also strategic disinvestment in profitable state-run behemoths. The government has identified the biggest energy companies such as Oil & Natural Gas Corp, Indian Oil Corp, NTPC Ltd a...


BusinessToday.In
July 10, 2019
Minister of State for Finance & Corporate Affairs Anurag Singh Thakur also informed the Lok Sabha that gross non-productive assets (NPAs) of the state-owned banks have reduced by Rs 1.06 lakh crore over the last financial year


BusinessToday.In
New Delhi, July 10, 2019
The Modi government is not only looking at selling assets of Central Public Sector Enterprises but also strategic disinvestment in profitable state-run behemoths, going below the 51 per cent ownership threshold it steadfastly maintained so far


PTI
July 10, 2019



BusinessToday.In
New Delhi, July 9, 2019
At the Budget Roundtable, Finance Minister Nirmala Sitharaman talked about steps to revive the Indian economy and enusre growth after presenting her first Union Budget which presented the vision of making India a $5 trillion economy.


BusinessToday.In
July 9, 2019
Three days after delivering her first Budget speech, the Finance Minister met the representatives from the Indian corporate sector and economists for the Budget Roundtable.


BusinessToday.In
July 9, 2019
On Saturday, Punjab National Bank alleged that the bankrupt steel company misappropriated bank funds and manipulated its books of accounts to raise funds from its consortium of lenders. The size of the fraud is pegged at Rs 3,805 crore against Rs 2,348 crore mentioned in the CBI FIR against the company and its top brass.


Piyush Mehra
July 9, 2019
Technology is here to stay, and the public health system would be well-served to take advantage.


PTI
New Delhi, July 8, 2019
During this year, the RBI reduced the key policy rate thrice with an aggregate reduction of 0.75 percentage point in the repo rate, the rate at which RBI lends to banks


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