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NPA in India: Banks wrote off 4.8 lakh crore bad loans since 2009; check full list

In a major development, banks have largely written off a record Rs 1,44,093 crore of bad loans in the financial year ending March 2018. The figure has gone up by 61.8 per cent from Rs 89,048 crore in the previous fiscal, according to an Indian Express report. Of the amount, public sector banks have written

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Trump-Kim meeting LIVE updates

US President vows to solve ‘big problem’, North Korea leader advocates for ‘peace’ Trump-Kim meeting LIVE updates: US President Donald Trump and North Korean leader Kim Jong-un have created history with an unprecedented summit that saw both of them shaking hands. Trump and Kim are now participating in a one-on-one meeting, after initial greeting, and

Bankruptcy law
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Banks get back 70% of amount claimed from 12 bankruptcy-hit companies, realisation doubles in Q4

Lenders of 12 bankruptcy-hit companies were able to get back 70% of the total amount claimed in the January-March 2018 quarter, the latest data released by Insolvency and Bankruptcy Board of India (IBBI) showed. The amount realised by financial creditors increased from just 27% in the October- December quarter to 70% in the quarter ended March. The

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Sensex snaps 2-day rally on profit-booking; focus shifts to G7 meeting

The benchmark BSE Sensex dipped 19 points to close at 35,443.67 today after two straight sessions of robust gains due to profit-booking in power, metal, FMCG and banking stocks. Overseas, European stocks followed Asian peers lower after a mixed close on Wall Street overnight amid uncertainty over global trade relations ahead of a key G7 meeting. The 30-share

Petrol, Diesel
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Petrol, diesel prices today: Biggest cut in last 10 days, check city-wise rates

Petrol, diesel price today news: In a major relief for consumers across India, petrol price has been slashed by 21 paisa per litre and diesel price was also cut down by 15 paisa per litre today. As per new rate chart, petrol price in Delhi now stands at Rs 77.63, in Mumbai 85.45, in Kolkata Rs 80.28 and in

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RBI reduces interest rate on unclaimed deposits by 50 bps to 3.5%

Interest rate on unclaimed deposit amount transferred to Depositor Education and Awareness (DEA) fund has been reduced by 50 basis points to 3.5 per cent, the Reserve Bank said today. In June 2014, RBI had specified that the rate of interest payable by banks to the depositors/claimants on the unclaimed interest bearing deposit amount transferred to the

bse Sensex
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Sensex rises 243 pts, Nifty tops 10,750; 8 of every 10 smallcaps end higher

Indian equity benchmarks rose for a second straight session riding gains in bank, IT, auto and metal stocks, a day after the RBI increased repo rate and maintained neutral stance. According to analysts, chances of a status quo were greater than a rate hike and it was RBI’s ‘neutral’ stance that did the job. Besides,

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Sensex ends over 275 points higher, Nifty near 10,700 after RBI hikes repo rate

A three-day losing streak broken and how! Equity benchmarks had a good day of trade, with the Sensex closing 275 points higher, while the Nifty closed near 10,700-mark. The market witnessed a last hour surge after Reserve Bank of India’s Monetary Policy Committee decided to hike repo rate to 6.25 percent. While the Street began