Search Results for: Corporate Banking

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List of India's top 12 defaulters who owe a mind-boggling amount to banks

The RBI's list of top 12 defaulters comprise Lanco Infratech, Bhushan Steel, Alok Industries, Monnet Ispat, Essar Steel, Era Infra, ABG Shipyard, Jaypee Infratech, Amtek Auto, Electrosteel and Jyoti Structures.

Jun 19, 2017

Recovery time: Bankers to meet on Monday to decide on RBI's defaulter list

The 12 accounts were identified by the IAC after studying the top 500 ones in the banking system for defaulter urgency and insolvency potential.

Jun 18, 2017

Karnataka Congress working president Dinesh Gundu Rao gets candid on The Talk [VIDEOS]

Karnataka Congress working president Dinesh Gundu Rao talks to IBTimes India about the Congress, the BJP, politics in general and the upcoming Assembly elections in particular. Watch the full interview here.

Jun 17, 2017

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Infosys: Key takeaways from annual report 2017

India's second-largest IT services company Infosys, headed by CEO Vishal Sikka will be holding its 36th AGM on June 24.

Jun 17, 2017

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After TCS, focus now shifts to Infosys AGM

Infosys will be holding its 36th annual general meeting (AGM) on June 24 in Bengaluru, amid rumours of stake sale by founders and charges of activism.

Jun 17, 2017

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RBI's decision against loan defaulters reveals rot that set in during UPA regime

RBI deputy governor Dr Viral Acharya had, in February this year, made interesting comments on bad loans that are now part of 12 big defaulters.

Jun 17, 2017

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CDSL IPO: Shares likely to list at a premium, say brokerages; all you need to know

Central Depository Services (India) Limited, or CSDL, is coming out with an initial public offering (IPO); issue opens on June 19 and closes on 21.

Jun 17, 2017

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IT spend by Indian banks to grow 8.6% in 2017

IT services will grow the fastest at 13.8 percent in 2017 followed by software at 13.4 percent.

Jun 16, 2017

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Aadhaar mandatory for opening bank accounts; existing account-holders have time till December 31

Aadhaar becomes mandatory for opening bank accounts and financial transactions above Rs 50,000 from June 1; existing bank account holders have to get Aadhaar by December 31 this year, else their accounts will become invalid.

Jun 16, 2017

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Crorepati glut: Infosys grapples with high staff pay

Infosys is reportedly offering an annual package of over Rs 1 crore to its employees abroad and the financial burden on the IT giant is now likely to amplify.

Jun 15, 2017

MHA launches Twitter handle 'Bharat Ke Veer' to help provide funds to families of slain paramilitary soldiers

Union Home Minister Rajnath Singh had launched the app and website with Bollywood actor Akshay Kumar on April 9.

Jun 14, 2017

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Bhushan Steel crashes 10% after RBI identifies 12 defaulters for bankruptcy proceedings

Though the RBI did not name the 12 defaulters, there is speculation that Essar Steel, Bhushan Steel and Lanco are top NPA accounts.

Jun 14, 2017

Uber director David Bonderman resigns after 'inappropriate' comment on women

Bonderman resigned on June 13, after he attempted a joke on women during a company meeting. His resignation comes into effect Wednesday, June 14.

Jun 14, 2017

RBI to direct banks to start bankruptcy proceedings against 12 defaulters

The RBI said the 12 accounts identified as defaulters constituted about 25 percent of the overall gross non-performing assets, and added that it will direct lenders to begin insolvency proceedings around these accounts.

Jun 14, 2017

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Modi govt plans major revamp of GDP data presentation, mulls national fact sheet on economy

Last month, the base year for calculating factory output (IIP) and wholesale price inflation was changed to 2011-12 from 2004-05; a similar exercise is planned for GDP, apart from a national fact sheet.

Jun 13, 2017

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Search Results for: Corporate Banking

List of India's top 12 defaulters who owe a mind-boggling amount to banks

Recovery time: Bankers to meet on Monday to decide on RBI's defaulter list

Karnataka Congress working president Dinesh Gundu Rao gets candid on The Talk [VIDEOS]

Infosys: Key takeaways from annual report 2017

After TCS, focus now shifts to Infosys AGM

RBI's decision against loan defaulters reveals rot that set in during UPA regime

CDSL IPO: Shares likely to list at a premium, say brokerages; all you need to know

IT spend by Indian banks to grow 8.6% in 2017

Aadhaar mandatory for opening bank accounts; existing account-holders have time till December 31

Crorepati glut: Infosys grapples with high staff pay

MHA launches Twitter handle 'Bharat Ke Veer' to help provide funds to families of slain paramilitary soldiers

Bhushan Steel crashes 10% after RBI identifies 12 defaulters for bankruptcy proceedings

Uber director David Bonderman resigns after 'inappropriate' comment on women

RBI to direct banks to start bankruptcy proceedings against 12 defaulters

Modi govt plans major revamp of GDP data presentation, mulls national fact sheet on economy

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]