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Finance Minister Arun Jaitley said that the government gave opportunity to people to come clean about their accounts held abroad. (Photo: Twitter/ANI)

Govt infusing capital in banks only short term solution: AIBEA

Centre unveiled a Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks.

27 Oct 2017 1:43 PM GMT

Representative Image. (PTI Photo)

Indian bank bad debt could double in coronavirus crisis

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic

4 May 2020 5:05 AM GMT

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 3:08 AM GMT

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

Banks asked to set up one platform for sale of loan defaulters' assets

About 80-85 per cent of non-performing asset cases between Rs 10 lakh and Rs 20 lakh are fully secured.

12 Sep 2018 6:07 AM GMT

India has been the worlds fastest growing major economy over the past two years.

Credit growth plunges to even lower than FY17 level to 4.3 per cent

The cumulative growth for the first month of the new fiscal year is only 5.3 per cent.

10 May 2017 1:06 PM GMT

Liquor baron Vijay Mallya gets bail shortly after arrest in London

The ostentatious businessman was arrested on a extradited warrant and will appear today at Westminster Magistrates'...

18 April 2017 10:05 AM GMT