Sahara chief Subrata Roy may not come out clean in the biggest ever investment fraud that he allegedly did few years ago.
Lenders fret over stubbornly weak credit growth and still high funding costs.
India's state banks are under pressure to improve profitability.
State-owned banks have amassed bad loans faster than private sector lenders.
RBI moves to restrict bank exposure to corporate loans.
The Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. Sahara has made several failed attempts to raise $1.6 billion in bail money. Roy was jailed after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds in order to bail out Roy. On Monday, the country's top court allowed Sahara to sell part of its Aamby Valley township outside Mumbai, which has luxury villas and a golf course, to raise funds.
The SBI auction will be the biggest nationwide online sale.
MUDRA bank will help microfinancing firms to lend more.
They need to have 15 years of mainstream banking experience
Telecoms investor Aditya Birla Nuvo Ltd and retailer Future Group were among the first big names to apply for licenses to run so-called payments banks
The group also plans to commission 500 MW of solar power projects
NRIs are increasingly buying properties in India online.
SpiceJet is having tough times due to a huge financial crunch.
Trouble at a single bank among the top five most connected lenders could wipe out nearly 50% of Tier I capital
Troubled carrier SpiceJet has paid employees' salaries for November and cleared dues of fuel companies as well.
Fierce competition among airline firms has long limited price increases despite crippling operating costs
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Officials in India's civil aviation ministry are now expected to meet SpiceJet stakeholders within a couple of days to discuss the revival plan
Investments are at risk if operators are unable to resolve concerns of authorities and customers after the rape accusation.
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Large state-run entities and business houses will not be allowed to set up small finance banks, which will have to comply with statutory reserve requirements.
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