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Will defence ministry okay Anil Ambani's Reliance Naval?

Warship building projects worth at least Rs 630 billion have ground to a standstill.The defence ministry has halted tendering in wait for a government decision on whether to allow, or to exclude,......

RBI plans to put weak private lenders under the hammer

The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action. In a first, the Reserve Bank of India (RBI) is planning to auction private sector banks......

The uncertain times continue for banks

It is difficult to say if the banking sector will see the worst behind it by March 2020, warns Tamal Bandyopadhyay.Illustration: Uttam Ghosh/Rediff.com Speaking at the Hindustan Times......

Banks' asset quality improves as NPAs remain stable

RBI said the improvement in asset quality was driven by state-run lenders which saw a drop both in both GNPA and in the net NPA ratios. As the bad loan recognition process nears completion, the......

CBI raids 169 sites nationwide in Rs 7k cr bank frauds

The Central Bureau of Investigation is conducting searches in 169 locations across the country in connection with 35 bank fraud cases registered by the agency involving funds of over Rs 7,000......

Bank stake sales in insurance, MF arms hit a wall

Sources say given the complexity involved in the process of creating a holding company, which will ultimately be the parent company of banking and other businesses, banks are going slow in......

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Tilaknagar Industries share price jumps 5% after settling total dues to IDBI Bank

The stock price touched upper circuit of Rs 16.97 and witnessed spurt in volume by more than 1.68 times. ...

https://www.moneycontrol.com/news/buzzing-stocks/tilaknagar-industries-share-price-jumps-5-after-settling-total-dues-to-idbi-bank_13404201.html

AGB Shipyard’s Rs 14,000cr loan marked ‘fraud’ by ICICI Bank-led consortium

Among the lenders, SBI was the first to classify the account as ‘fraud’, followed by ICICI Bank and then IDBI Bank. ...

https://www.moneycontrol.com/news/business/agb-shipyard\\u2019s-rs-14000cr-loan-marked-\\u2018fraud\\u2019-by-icici-bank-led-consortium_13395601.html

CBI registers case against Delhi based firm, Radikal Foods

The FIR says that an alleged loss of Rs. 819.48 crore(approx) as on April 1, 2018 was caused to the banks. The consortium banks consisted of 10... ...

https://economictimes.indiatimes.com/news/politics-and-nation/cbi-registers-case-against-delhi-based-firm-radikal-foods/articleshow/73556485.cms

RBI plans to put weak private lenders under the hammer

The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action. In a first, the Reserve Bank of India... ...

http://www.rediff.com/money/report/rbi-plans-to-put-weak-private-lenders-under-the-hammer/20200116.htm

IDBI Bank to meet RBI this week; seeks to exit PCA framework

The RBI had placed IDBI Bank in May 2017, after it had breached the thresholds for capital adequacy, asset quality (net NPAs was over 13 per cent... ...

https://www.moneycontrol.com/news/business/idbi-bank-to-meet-rbi-this-week-seeks-to-exit-pca-framework_13365181.html

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