Credit Growth Of PSU Banks Has Significantly Moved Up
Paring its early sharp gains, Yes Bank closed nearly 3 per cent lower on BSE ahead of its board meeting to be held later in the day to decide the future course of action after the RBI curtailed the term of its MD and CEO Rana Kapoor.
The Supreme Court will have to lift the "corporate veil" to test the eligibility of steel and mining major ArcelorMittal and Russia's VTB Bank-promoted firm NuMetal, which are bidding for Essar Steel, to ascertain the persons behind them, the Committee of Creditors said.
The rupee Tuesday weakened further by 6 paise to close at 72.69 to the US dollar on sustained demand for the American currency amid soaring crude prices.
Indian cricket captain Virat Kohli and world champion weightlifter Saikhom Mirabai Chanu were conferred with Rajiv Gandhi Khel Ratna award by President Ram Nath Kovind at the annual National Sports Awards ceremony.
Finance Minister Arun Jaitley Tuesday said bad debts or NPAs in the banking system are on the decline as recoveries of unpaid loans have picked up.
Reserve Bank of India (RBI) is like to conduct additional open market operation (OMO) purchase worth USD 40 billion by March end to provide durable liquidity and contain rising government bond yields, says a report.
A Delhi court will hear on October 8 a plea by Enforcement Directorate (ED) seeking custodial interrogation of Karti Chidambaram, son of senior Congress leader P Chidambaram, in Aircel-Maxis case.
The CBI has asked the Interpol wing of Nigeria to confirm if absconding promoter of Gujarat-based Sterling Biotech, Nitin Sandesara, being probed in a Rs 5300 crore banking fraud case, has moved in that country, officials said.