Economic Times

The court was ruling in the case of HSBC Bank (Mauritius) and the income tax department. The bank was assessed for 2011/12.
Companies - an hour ago
This time, Shroff had also swung blue-chip backers such as TPG Capital and the Abu Dhabi Investment Authority, armed with an equity cheque of $1.2 bil
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The order had restrained the former directors from mortgaging, or third-party interests or in any way alienating movable or immovable or jointly held
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The finance ministry is pushing state-run banks to bridge the gap between proposals that receive preliminary approval and final sanction.
Companies - yesterday
While slowing investments are worrying some, there is enough hope that retail could surprise in aiding both the economy as well as lenders.
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The central agency will seek to know if the bank verified KYC details of the credit society, if there were any transaction of suspicious nature, and w
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IFCI’s net non-performing assets were Rs 5,127 crore, or 29.54%, at the end of March 2018, compared with Rs 5,882 crore, or 27%, a year earlier.
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While there are no precise numbers available, experts say that the amount could be as high as Rs. 20,000 crores
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The senior official said the PSU bank is now focusing more on giving loans to MSME and retail sector rather than large corporates.
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These two names have gone to the RBI and Gill, by virtue of being an outsider along with his experience as CEO of a bank, is the frontrunner.
Companies - 3 days ago
Both were appointed for 5 years, subject to the approval of shareholders, ICICI Bank said in a regulatory filing on stock exchanges.
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The regulatory guidance that exists today is a general directive on the remuneration of senior officials in broad functions like ‘business’, ‘co
Companies - 4 days ago
SBM had alleged then that its SWIFT payment gateway had been hacked on October 2 in an attempt to transfer Rs 147 crore.
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With this, the total amount raised through securitisation by the IPO-bound Muthoot Microfin has crossed Rs 1,300 crore during the first nine months of
Companies - 4 days ago
A bulk 70 percent of the revenue accrue from the payments front, while the rest come from the legacy core banking systems for retail banks.
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RBI warned FinMin that the scheme might become the next big source of NPAs, the bane of Indian banking.
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During 2017, life insurance premium in India increased 8 per cent (inflation adjusted) when global life insurance premium rose by 0.5 per cent.
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The industry collected Rs 1,41,584 crore as against Rs 1,38,253 crore last year.
Companies - 6 days ago
The penalty was based on shortcomings in regulatory compliance and does not question the validity of any transaction the bank entered with its custome
Companies - 6 days ago
The bank, which is hoping to break even at the end of this fiscal year, has taken a series of measures to bring down NPA level.
Companies - 7 days ago