Oct 23, 2016 at 18:14 | Source: PTI
Markets regulator Sebi is mulling a greater push to put in place strong safeguards against cyber threats to bourses, brokerages and other entities, amid concerns over the largest-ever banking data breach wherein 32 lakh debit cards are feared to have been 'compromised'.
Oct 23, 2016 at 17:42 | Source: PTI
Enthused by speedy recovery of loans worth USD 2.5 billion by three lenders including ICICI Bank within days of mega USD 13-billion Essar deal, banks are now looking at resolution of stressed assets totalling Rs 1.25-1.50 lakh crore (nearly USD 20 billion) in coming months.
Oct 23, 2016 at 13:44 | Source: PTI
Income tax mop-up from the metropolis remained flat during the first half of this fiscal at Rs 98,683 crore, primarily due to poor show by banking and pharma sectors as well as higher refunds.
Oct 23, 2016 at 12:52 | Source: PTI
The Finance Ministry has asked various agencies, including RBI, which are looking into the largest banking security breach involving over 32 lakh debit cards, to submit their report in 10 days.
Oct 22, 2016 at 17:42 | Source: PTI
Yoga guru Baba Ramdev, who heads the Rs 4,500-crore Patanjali Group, was once denied a visa to the United States citing his bachelor status and not having a bank account.
Oct 22, 2016 at 15:54 | Source: PTI
Within days of Essar Group signing a mega USD 12.9-billion asset sale in its oil business, three top lenders -- ICICI Bank, Axis Bank and StanChart -- have got back an estimated USD 2.5 billion as part of the first payment for their debt exposure to the Ruias-led conglomerate.
Oct 22, 2016 at 15:49 | Source: CNBC-TV18
Spelling out the plans to take interbank cooperation among countries, New Development Bank chief KV Kamath and Yaduvendra Mathur, CMD of Exim Bank say that a global framework has to be aligned to see that political risks dont go up, when cross border lending operations trade and other issues are addressed.
Oct 22, 2016 at 14:51 | Source: CNBC-TV18
Bad loans have taken a toll on the Indian economy and whether the stressed assets will decline is the big question. Bank loans have swelled to Rs 9 trillion crore and the worst-hit sectors are power and steel. According to analysts, there is no meaningful chance of loan stress declining.
Oct 22, 2016 at 13:46 | Source: CNBC-TV18
Country's third largest private sector lender Axis Bank is expected to report a 2.3 percent degrowth in second quarter profit at Rs 1,933.4 crore compared with year-ago period, according to analysts polled by CNBC-TV18. Provisions will be closely watched for profit growth.
Oct 22, 2016 at 11:26 | Source: Moneycontrol.com
Blackstone GPV Capital Partners (Mauritius) VI FII Ltd sold 14,943,404 shares of NCC at Rs 86 per share on the NSE.