The bank's net profit fell to 2,232 crore for its fiscal first quarter to June 30.
Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.
The rise of the mall in India, at a time when many in the United States are becoming debt-ridden white elephants.
With their weak metrics and high bad loans, India's state-run banks have not been investor favourites
The stress in the banking sector, which mirrors the stress in the corporate sector, has to be dealt with in order to revive credit growth.
Here is some background on the candidates seen as potential successors to Rajan at the RBI
As the clean-up has taken hold, loan growth slipped to 10.7 per cent in the last fiscal
The $100 billion Tata group conglomerate is a major beneficiary of the decision to open up aviation in India.
Bankers and government officials told Reuters Rajan's successor may be less aggressive in fighting bad loans, but the general direction will remain the same
Finance Minister Arun Jaitley said in a Twitter post that the government appreciated all of Rajan's good work and respected his decision
It plans to recall another 700 EcoSport vehicles made between January and February 2016 and fitted with a 60/40 rear folding seat
Indian banks would have to make higher provisions for lending to large corporate borrowers above a certain level from next financial year, according to proposals published by the Reserve Bank of India (RBI) on Thursday.
State-owned banks account for more than two-thirds of the sector's assets and about 85 percent of bad debts
Uber is suing Ola for $7.5 million to compensate for lost revenue and goodwill, alleging the Indian market leader created about 94,000 fake user accounts with the ride-hailing service and used them to make more than 405,000 false bookings
Digibank will offer only savings deposits initially, but will expand to include investments and lending in the coming months.
The company did not clarify if the software error affects only domestic sales or exports from the plant as well
The lenders, led by State Bank of India (SBI), are due to inform the Supreme Court of their decision on the offer at a hearing on Thursday.
The banks have asked the court to demand his return and to impound his passport.
The alleged fraud includes the use of fake bills.
Tata Motors is seeking an image makeover with the curvaceous hatchback, Zica.
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