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The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

Rs 2.30 lakh crore NPAs written off in 5 years

In the last few years the profit of Indian banks has been coming down due to write-offs and provisioning for bad debts.

10 March 2018 2:04 AM IST

Minister of State for civil aviation Jayant Sinha returning from the main exhibition centre at the Wings India exhibition in Hyderabad on Friday. (Photo: Gandhi)

Air India's debt to be split: Minister

The civil aviaition secretary, on Thursday, had said that the Centre plans to issue expression of interests for Air...

10 March 2018 2:04 AM IST

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Bharti Airtel plans to raise up to Rs 3,000 crore

Shares of Bharti Airtel on Friday closed 0.19 per cent higher at Rs 401.95 apiece on BSE.

9 March 2018 6:02 PM IST

BSNL to use part of its 3G spectrum for 4G services.

Govt allocates projects worth Rs 25,000 crore to BSNL

The big projects include laying of optical fibre based network dedicated for use by Defence worth Rs 13, 334 crore.

9 March 2018 5:42 PM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

RBI may hike repo rate by 0.25 per cent in 2018: report

The key repo rate at which it lends to the system stands at 6 per cent currently.

9 March 2018 5:22 PM IST

Reliance Infrastructure a subsidiary of Anil Ambanis Reliance Group. (Photo: File/PTI)

CCI clears RCom's plans to sell infra assets to Jio

Jio nor RCom had divulged the size of the deal, sources have pegged the transaction value at Rs 18,000 crore.

9 March 2018 5:14 PM IST

Last year, Airbus rival Boeing has started construction of its first overseas facility in Chinese port city of Zhoushan as part of its plans to produce 737 planes.

Airbus aims to deliver 1 aircraft per week over 10 years in India

Domestic traffic in India is expected to grow five-and-half times over the next 20 years

9 March 2018 5:01 PM IST

Bombay Stock Exchange

Sensex ends marginally lower on late sell-off

Sensex finished 43 points lower at 33,307.14 after a bout of fag-end selling wiped out early gains.

9 March 2018 4:21 PM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC to sell OPaL stake to fund HPCL buy

ONGC had borrowed money from banks to buy government's 51.11 per cent stake in HPCL for Rs 36,915 crore.

9 March 2018 4:16 PM IST

80% of bank accounts and 60% of mobile connections have been linked with Aadhaar, according to a UIDAI official .

16.65 crore PAN, 87.79 crore bank A/c linked to Aadhaar: Govt

Govt has mandated submission of 12-digit unique identity number Aadhaar by every bank account holder by Mar 31, 2018.

9 March 2018 3:29 PM IST

Virat Kohli at an awards function. (Photo: PTI)

Uber ropes in Virat Kohli as brand ambassador in India

Uber India's association with Virat Kohli will lay the foundation for a host of brand-led interventions in 2018.

9 March 2018 2:08 PM IST

Parag Agrawal. (Photo: Twitter.com)

Twitter appoints Parag Agrawal as chief technology officer

Agrawal, an alumnus of IIT-Bombay and a PhD in Computer Science from Stanford University.

9 March 2018 2:00 PM IST