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The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

As a captive bank, IDBI will get fresh liquidity from LIC deposits

IRDA has bent backwards and favoured LIC, which has been bailing out government divestment initiatives.

27 Aug 2018 8:46 AM IST

Finance ministry said that the domestic investment of the private sector continued to be affected by the growing contamination of loans advanced in the past, which have now become unsustainable.

Mudra loans a big scandal in banking system

The managers used a part of the 60 per cent amount to repay the Mudra loan for a year and pocketed the rest.

27 Aug 2018 8:38 AM IST

According to WGC, the effects of trade sanctions so far have mainly affected emerging markets such as China or Turkey, but expanding or maintaining sanctions for a longer period will likely damage global growth.

Gold prices likely to rise on growth woes

In India, WGC said the gold premiums have turned positive again, suggesting a tilt towards buying.

27 Aug 2018 12:22 AM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Centre's Mudra scheme faces big NPA troubles

The government has already disbursed around over Rs 6 lakh crore till date to almost 12 crore consumers.

27 Aug 2018 12:16 AM IST

As per the Central Statistics Office (CSO) data inflation in vegetables contracted by 2.19 per cent last month, compared to 7.8 per cent in June.

Non-oil imports also upsets trade balance

It can create cause & effect on rupee, reminds Assocham.

27 Aug 2018 12:16 AM IST

They say BJP is politicising surgical strikes... Please tell me, which election is happening now, or in the near future? There are no elections at the moment, Law Minister Ravi Shankar Prasad said. (Photo: Twitter | ANI)

Social media not to be allowed to abuse election process, says Prasad

The issue of abuse of social media platforms has been under scanner in India over the last few months.

26 Aug 2018 6:21 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

Big willful defaulters' dues to PNB drop to Rs 15,175 crore in July

The bank made a recovery from bad loans to the tune of Rs 7,700 crore in the first quarter ended June.

26 Aug 2018 4:29 PM IST

The first liquefied natural gas (LNG) shipment from the US arrived at the Dabhol terminal of state-run gas major Gail here on Friday.

GAIL to launch portal allowing outsiders to hire its gas pipelines

The oil ministry has been for last few months considering separating GAIL's gas transportation and marketing business.

26 Aug 2018 3:50 PM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Corporate Affairs Ministry seeks details from crisis-hit Jet Airways

Markets regulator Sebi is also looking into the airline delaying June quarter results.

26 Aug 2018 3:16 PM IST

An aerial view of the floods in Aluva after heavy rains, in Kerala. (Photo: PTI)

Kerala fears 4 to 5 pc decline in tourist arrivals due to floods

The state is reeling under devastating floods, the worst since the 1924 deluge.

26 Aug 2018 2:45 PM IST

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

Public sector banks plan closure of 70 overseas offices this fiscal

Public sector banks closed down 35 foreign operations last year.

26 Aug 2018 1:49 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Bankers burning midnight oil to resolve Rs 3.8 tn NPAs before deadline

The circular came into effect on March 1 and the 180-day deadline concludes on August 27.

26 Aug 2018 1:42 PM IST