news

"Lenders cannot be left hanging for forever", the Supreme Court today observed and made it clear that the Insolvency and Bankruptcy Code (IBC) was brought to ensure that the dues of the companies, declared non-performing assets (NPAs), are recovered by the banks.

PM meets Anganwadi workers, says they play key role in child's development Sep 19 2018

A group of over 100 Anganwadi workers from across the country called on Prime Minister Narendra Modi on Wednesday to thank him for increasing their honorarium and other incentives.

India's MFI loan portfolio up 47% in FY18 to Rs 68,789 cr: Report Sep 19 2018

India's microfinance industry clocked 47 per cent growth with a gross loan portfolio of Rs 68,789 crore in the financial year ended March 2018 as against Rs 46,842 crore in the year-ago period, according to a report.

Cabinet defers Rs 4,500 cr sugar package; proposal may come up next week Sep 19 2018

The Union Cabinet did not consider Wednesday Rs 4,500 crore plan to more than double the production assistance paid to sugarcane farmers and transport subsidy to sugar exporting mills, sources said.

Assam NRC: SC orders resumption of filing of claims and objections by those left out Sep 19 2018

The Supreme Court on Wednesday ordered resumption of filing of claims and objections by around 40 lakh people who were left out in the draft National Register of Citizens (NRC) of Assam.

Govt to soon announce import curb on several non-essential items: Garg Sep 19 2018

The government will soon announce import curbs on several non-essential items, a top finance ministry official said Wednesday while terming "the 10 per cent depreciation" in the rupee in the last few weeks as a "temporary phenomenon".

AMCs take a hit, shares plunge up to 11 pc on Sebi move Sep 19 2018

Shares of asset management companies (AMCs) ended with sharp losses of up to 11.3 per cent Wednesday after markets regulator Sebi decided to slash the charges levied on investors by mutual funds.

RBI allows Rana Kapoor continue as Yes Bank MD, CEO till Jan-end Sep 19 2018

The Reserve Bank has allowed Rana Kapoor to continue as Yes Bank MD and CEO till January 31, 2019, the bank said Wednesday in a regulatory filing.

Government appoints MDs, CEOs in ten nationalised banks Sep 19 2018

Mrutyunjay Mahapatra and Padmaja Chundru, both deputy managing directors in State Bank of India, have been appointed as managing director and chief executive officer of Syndicate Bank and Indian Bank respectively, according to an official order issued.