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HDFC Bank Q1 net profit rises 20%, despite increasing bad loans

The bank's net profit rose 20.2 percent to Rs 3,894 crore in the first quarter of fiscal year 2018

Jul 24, 2017

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NPA crisis: Cleaning up bad loan mess is the priority, says RBI

Last month, the RBI referred 12 NPA accounts, accounting for 25 percent of bad loans in the banking system, for resolution under the Insolvency and Bankruptcy Code (IBC).

Jul 23, 2017

Megahurts: 6 telecoms dodged license fee, spectrum charge, fudged income by over Rs 61,000 crore

Shorted revenues at Rs 7,697.62 crore; Bharti Airtel, Vodafone, Aircel, Idea, Reliance Communication and Sistema Shyam Teleservices Ltd named in CAG report.

Jul 22, 2017

Vijaya Bank net profit defies bad loan drag, jumps over 57% to Rs 255 crore

On the 12 stressed accounts chosen by the Reserve Bank of India last month under the insolvency and bankruptcy law, Vijaya Bank's total exposure is Rs 12,800 crore

Jul 22, 2017

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Investment dept told to prepare proposal for Air India sale

Dipam (Department of Investment and Public Asset Management) told to coordinate with Civil Aviation ministry.

Jul 22, 2017

I-T detected Rs 19,000 crore black money in ICIJ, HSBC cases: Jaitley

Income tax department's discovery follows probe into global leaks, including HSBC account holders in Switzerland

Jul 21, 2017

Loans at your command: ICICI Bank offers up to Rs 15 lakh instant loans via ATMs

Customers can get pre-qualified personal loans of up to Rs 15 lakh in their savings accounts instantly.

Jul 20, 2017

Home loan, fixed deposit interest rates might sink further

Banks crank up interest rate engines, reassess credit scenario ahead of possible RBI cut

Jul 20, 2017

Banks to take hit of Rs 18,000 cr for 12 accounts identified for bankruptcy

Ind-Ra forecasts additional provisioning to eat into bank profits by around 25 percent in fiscal 2018.

Jul 18, 2017

Insolvency case: Gujarat HC dismisses Essar Steel petition challenging RBI

Essar Steel's petition had challenged the RBI directive to banks for initiating insolvency proceedings against it

Jul 17, 2017

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Number of PSBs may go down to 12 as govt mulls consolidation

The 21 public sector banks are expected to be consolidated to 10-12 in the medium term.

Jul 17, 2017

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Business news

HDFC Bank Q1 net profit rises 20%, despite increasing bad loans

NPA crisis: Cleaning up bad loan mess is the priority, says RBI

Megahurts: 6 telecoms dodged license fee, spectrum charge, fudged income by over Rs 61,000 crore

Vijaya Bank net profit defies bad loan drag, jumps over 57% to Rs 255 crore

Investment dept told to prepare proposal for Air India sale

I-T detected Rs 19,000 crore black money in ICIJ, HSBC cases: Jaitley

Loans at your command: ICICI Bank offers up to Rs 15 lakh instant loans via ATMs

Home loan, fixed deposit interest rates might sink further

Banks to take hit of Rs 18,000 cr for 12 accounts identified for bankruptcy

Insolvency case: Gujarat HC dismisses Essar Steel petition challenging RBI

Number of PSBs may go down to 12 as govt mulls consolidation

More 'kick' brewing: Diageo checks lager picture, withholds $35 mn from Mallya

The flip side: Bitcoin, Ether prices wilt, and new questions emerge

Held to account: NRIs may be asked to disclose financial details outside India

No child's play: GST migrations caused systems crashes at retail firms, says toy company