news

Credit Growth Of PSU Banks Has Significantly Moved Up

Yes Bank reverses early gains; shares fall 3% ahead of board meeting Sep 25 2018

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.

Eligibility of ArcelorMittal, NuMetal has to be decided by SC: Committee of Creditors Sep 25 2018

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.

Rupee losses widen, down 6 paise at 72.69 against USD Sep 25 2018

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.

Kohli, Chanu conferred Khel Ratna; Neeraj, Hima get Arjuna award Sep 25 2018

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.

Bad debts on a decline, loan recovery picking up of PSU banks, says Jaitley Sep 25 2018

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.

RBI to conduct OMO purchase worth $40 bn by March-end: BofAML Sep 25 2018

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.

Aircel-Maxis: Court to hear ED's plea for Karti's arrest on Oct 8 Sep 25 2018

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.

CBI approaches Nigeria seeking info on absconding bizman Nitin Sandesara Sep 25 2018

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.