ICICI Bank, HDFC Bank and Axis Bank reported healthy loan growth and asset quality.
The Ministry's decision comes more than a year after the payment scam at NSEL came into light in July 2013.
None of the four benchmarks suggested by the RBI is ideal as banks in India create loan assets from their deposits and not borrowing from the regulator or market, says Tamal Bandyopadhyay.
The new board will have to provide the NCLT a road map for turning around the company by October 31, which, Kotak said, is challenging, given that the company's issues represent a "moving target"
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After RBI's missive on proxy lending to builders, it's time to reshuffle.
FTIL prepares to challenge the order in the Bombay high court
Moody's listed six agenda on the list of pending reforms -- land acquisition Bill, labour law reforms, significant infrastructure investment, tangible benefit from Make in India initiative, tax administration and PSU bank reforms
The NCLT said the new board must hold its meeting by October 8 and come out with a road map before the next hearing on October 31
Despite adding no new aircraft, Jet Airways saw more departures during the year, it flew more people, and achieved a higher load
The view among the regulator and the government is that the currency is overvalued
Instruments such as Reits, InvITs, unsponsored GDR, GIFT find few takers.
'I don't think Siddhartha has done anything wrong. He has not managed his debt well. In any case, he is not the best example of the system going wrong or the system pushing him hard. I think on that particular day, he was depressed and took an impulsive decision. It will be unfair to blame the system.'
None of the 2,600 workers had any clue about the suspension of work notice, put up on the gate of India's oldest automobile plant last Sunday.
Auditors raise red flags over Jet Air's robust financial status.
Its registration is unusual because the firm appears twice in the RoC database, but different identification numbers.
FIIs fear short-term capital gains would give rise to tax uncertainty and make their operations difficult, reports Pavan Burugula from Mumbai.
The permission came after the court was satisfied that the transactions were in accordance with its June 4 order.
Unions will 'fight to death' if company 'decides' to shut Chennai factory.
About Rs 8.33 crore cash has been seized from Delhi, Rs 2.5 from Bengaluru and Rs 60 lakh from Mysuru till now, a senior official said.
Benchmark rate for new loans to be lower by 80-90 bps from Friday; move could increase competition but hit commercial papers.
Shikha Verma offers invaluable money management insights
Budget 2014 is a strong first step to slowly re-architecting and reviving our economy and transform India, says Rajeev Chandrasekhar.
Home loan cover from the lender may not be the best option
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
Companies' annual reports can hide as much as they reveal. Investors can get early warning signals of wrongdoing by frequently speaking to other stakeholders.
State Bank of India's push among fellow bankers to appoint an external agency to run debt-heavy Bhushan Steel might not be smooth sailing.
India is still the best story in major emerging markets from a 5-year perspective.
Many claim they fear witch hunts for disagreeing with those in power.
SpiceJet has reported profit in Q1, it is trying its best to improve efficiencies in FY16.
'Kamal Nath and Digvijaya intentionally ignored Jyotiraditya's presence'
Govt bosses in no hurry to exit from PSUs; many agencies, long process likely hurdles.
Chirag Gupta, who trades in futures & options, had made a profit of Rs 6 lakh, but...
The Union Cabinet on Thursday night gave the go-ahead for the creation of a 10-district Telangana and outlined the blueprint for carving out the country's 29th state from the current Andhra Pradesh.
The news of Bengaluru-based IMA cheating thousands once again underlines the need for investors to steer clear of unregulated deposit schemes. The most important sign of a Ponzi scheme is the promise of exorbitant returns and so investors must ask how the promoter expects to earn the kind of return he is promising, says Sanjay Kumar Singh.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
On Friday, the euro weakened to a near 14-month-low against the dollar, after the European Central Bank announced a fresh round of stimulus and promised more if required.
A new CBDT directive actively makes India-dedicated funds comparatively unattractive for institutional investors. It makes no sense, says Akash Prakash.
Getting the first tyres out from the Sahaganj plant will still require a lot of effort, but with the state government on its side, the hopes are high.
Stock to watch: Shipping Corporation and Great Eastern Shipping
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