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President gives nod to ordinance treating home buyers as creditors
Updated : 8 years ago IST
New Delhi [India], Jun 6 (ANI): President Ram Nath Kovind on Wednesday gave his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, providing significant relief to home buyers by recognising their status as financial creditors.
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Risk review report on Indian Banking sector by Alea Consulting
Updated : 8 years ago IST
New Delhi [India], June 6 (ANI-NewsVoir): Alea Consulting has come up with a risk review report on Indian Banking Sector. The Indian banking system emerged safe out of the credit crisis of 2008-09, however, the relief was short-lived as Indian banks are swamped by two major challenges - bank
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SBI reports net loss of Rs.7,718 cr in Q4
Updated : 8 years ago IST
New Delhi [India], May 22 (ANI): The State bank of India (SBI) on Tuesday reported a net loss of Rs. 7,718 crore in the fourth quarter of the previous fiscal (Q4).
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NTPC, Bihar govt sign MoU to enhance power sector
Updated : 2 years, 7 months ago IST
New Delhi [India], May 16 (ANI): In a bid to improve the performance of Bihar's power sector, a Memorandum of Understanding (MoU) was signed between the Government of Bihar and NTPC Limited in Patna on Tuesday.
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Lehmann lands new coaching job with Cricket Australia
Updated : 8 years ago IST
Melbourne [Australia], May 9 (ANI): Few days after stepping down as the head coach of the Australian cricket team, Darren Lehmann has landed himself a new coaching role with the country's cricket board under National Performance Program.
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ICICI profits plunge nearly 50% in Q4
Updated : 8 years, 1 month ago IST
New Delhi [India], May 7 (ANI): Private sector banking major ICICI bank on Monday reported an approximate plunge of 50 percent in its standalone profit for the fourth quarter of the fiscal ended March 31, 2018.
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Economy growing below its potential: Manmohan Singh
Updated : 8 years, 1 month ago IST
Bengaluru (Karnataka) [India], May 07 (ANI): Taking a dig at the state of economic affairs under the Narendra Modi-led National Democratic Alliance (NDA) government, former Prime Minister Dr. Manmohan Singh on Monday said that the economy is growing below its potential.
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Centre permits partial withdrawal to NPS subscribers
Updated : 8 years, 1 month ago IST
New Delhi [India], May 5 (ANI): Partial withdrawals will now be allowed to subscribers under the National Pension System (NPS), who wish to improve their employability or acquire new skills by pursuing higher education/ acquiring professional and technical qualifications, the Centre stated o
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ASSOCHAM calls for urgent fixing of twin balance sheet problem
Updated : 8 years, 1 month ago IST
New Delhi [India], April 29 (ANI): Inability of the banks, reeling under the mammoth problem of non-performing assets (NPA) to lend, coupled with lack of appetite for fresh investment by highly indebted India Inc. has resulted in most of the industry sectors reporting negative growth in depl
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35.3L new payrolls generated from September-February
Updated : 8 years, 1 month ago IST
New Delhi [India], April 27 (ANI): The NITI Aayog on Thursday claimed that 35.3 lakh new payrolls were generated between September 2017 and February 2018 from the Employees' Provident Fund Organisation (EPFO), and the Pension fund Regulatory and Development Authority (PFRDA).
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Lenders need to be proactive in monitoring borrowers: RBI
Updated : 8 years, 1 month ago IST
Pune (Maharashtra) [India], Apr. 18 (ANI): Amid a recent surge in payment delays and loan defaulting, Reserve Bank of India (RBI) Deputy Governor N.S. Vishawanathan said lenders need to be proactive in monitoring their borrowers and identifying financial stress, using a combination of lea
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Parliamentary Committee summons RBI Governor amid banking scams
Updated : 8 years, 1 month ago IST
New Delhi [India], Apr. 17 (ANI): Amid the banking scams unearthed in the recent past, the Parliamentary Committee has reportedly summoned Reserve Bank of India (RBI) Governor Urjit Patel.
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