ED prepares for watertight case against Vijay Mallya; writes to banks, probe agencies
The agency is also understood to be mulling to take "legal action" in case Mallya does not present himself or produce valid reasons for absenting before agency investigators as scheduled on March 18 in Mumbai.
Mar 14, 2016, 23:39 PM IST
Will tackle bank stress problem at its core: Arun Jaitley
Finance Minister Arun Jaitley said on Monday that his government will find a lasting solution to the financial stress of banks by addressing issues at the core of the problem - over-borrowing by long-troubled sectors like steel, sugar, power and highways.
Mar 14, 2016, 21:10 PM IST
HDFC Bank has no love and respect for India: NCDRC
The HDFC Bank "has got no love and respect for India" as it put the country's reputation at stake by not activating a debit card of a couple "trapped in a foreign country", the apex consumer court has said.
Mar 13, 2016, 13:50 PM IST
UBS, Deutsche Bank lose bankers` bonuses tax case in UK
Offshore schemes operated by UBS and Deutsche Bank in a bid to avoid paying income tax on bankers` bonuses are not exempt from tax, the Supreme Court in London ruled Wednesday
Mar 10, 2016, 00:19 AM IST
Loan default case: Has Vijay Mallya already left India?
As per media reports Mallya is believed to have left for a foreign destination a few days ago.
Mar 09, 2016, 10:13 AM IST
Big blow to Vijay Mallya: Diageo can't disburse $75 million payout, rules DRT
The Debt Recovery Tribunal (DRT) on Monday ruled that Vijay Mallya cannot withdraw from USD 75 million severance package that he will be getting for quitting Diageo-owned United Spirits (USL) as its chairman.
Mar 07, 2016, 15:01 PM IST
SBI demands to Forfeiture Vijay Mallya's passport
Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.
Mar 03, 2016, 11:10 AM IST
CBI blasts banks for Kingfisher fraud, registers complaint
Zee Media Bureau
Mar 03, 2016, 10:24 AM IST
Market fireworks on, Sensex vaults 464 points post RBI move
Market maintained its post-Budget momentum for the second day as the benchmark Sensex surged 464 points to 24,243 -- nearly a one-month high -- led by gains in banking after RBI eased capital requirement rules for lenders.
Mar 02, 2016, 17:17 PM IST
US stocks soar on banks, technology shares
Banking and technology shares led a sharp rebound on Wall Street Tuesday.
Mar 02, 2016, 03:27 AM IST
RBI amends capital recognition rules; 35k-crore unlocked for PSBs
The Reserve Bank of India on Tuesday announced amendments to recognise more balance sheet items as common equity tier-I capital which will help unlock up to Rs 35,000 crore for state-run lenders impacted by asset quality troubles.
Mar 01, 2016, 20:51 PM IST
Addressing governance issues could help reducing NPAs: Report
Addressing governance issues of banks reeling under high NPAs and passing of the bankruptcy code could help in reducing bad loans in the banking system, says a report by CARE Ratings.
Feb 19, 2016, 19:40 PM IST
Why are taxpayers bearing the brunt of banks' irresponsibility? - Part II
Big defaulters of Bank should be punished.
Watch penal discussion on this sizzling issue here.
Why are taxpayers bearing the brunt of banks' irresponsibility?
Big defaulters of Bank should be punished.
Watch penal discussion on this sizzling issue here.
PSU banks hit hard by bad loans; shares plummet up to 12%
Shares of state-run lenders plunged by up to 12.4 percent Wednesday as investor sentiment was hit by mounting bad loans and disappointing earnings reported by them.
Feb 10, 2016, 20:05 PM IST
27 PSU banks write off Rs 1.14 lakh cr bad debts during 2012-15
A whopping Rs 1.14 lakh crore of bad loans have been written off by 27 public sector banks (PSBs) during FY 2012-15, with the last fiscal alone witnessing a steep 53 percent rise in write-offs as part of the balance sheet clean-up.
Feb 08, 2016, 22:00 PM IST
Banks impaired asset ratio to rise to 12.5% by FY17: Ind-Ra
Stressed assets in the banking system is likely to rise to 12.5 percent by the next fiscal against an estimated 12 percent in the current financial year, India Ratings said today.
Feb 01, 2016, 22:47 PM IST
No rethink on Mar'17 deadline for banks on balance sheets: RBI
The restructured and bad assets combined together have gone over 13 percent.
Jan 29, 2016, 23:48 PM IST
New banks to complement existing banking system: Chanda Kochhar
Ruling out any competition to full-service banks from payments and small finance banks, top banker Chanda Kochhar has said they can actually complement the existing banking system and ICICI Bank will explore opportunities for mutually beneficial partnerships.
Jan 24, 2016, 19:33 PM IST
Banks enter 2016 with $60 billion red ink on books
As a New Year begins, it's not a clean slate for the banks with balance sheets full of red ink due to huge bad loans worth about USD 60 billion and a serious clean-up job is a must in 2016 with the RBI having set a deadline.
Jan 01, 2016, 21:46 PM IST
