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The recent measures taken by the Reserve Bank of India (RBI) to resolve non performing assets (NPAs) in the banking system under the Insolvency and Bankruptcy Code (IBC) would require banks to take a 60 per cent haircut on their loan assets, ratings agency Crisil said on Monday.

Govt notifies changes in Banking Regulation Act

The banking sector is saddled with NPAs of over Rs 8 lakh crore of which Rs 6 lakh crore PSBs.

27 Aug 2017 2:05 PM IST

The Karnataka Development Authority has instructed the banks that a Kannada unit must be established in all the branches. (Photo: PTI/Representational)

PSU banks take recovery action against 5,954 wilful defaulters

Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs 92,376 crore

27 Aug 2017 1:15 PM IST

FDI inflows into India firmed up by 22 per cent to USD 35.85 billion during April-December 2016.

Strong FDI inflows to support rupee against US dollar: UBS

FDI inflows to India have nearly doubled over past decade to USD 42 billion as of 2016-17.

27 Aug 2017 1:02 PM IST

Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets in August. Photo: PTI

Growth worries spook FPIs, August net equity outflow at $2 bn

FPIs have ploughed in over Rs 13,000 crore in debt markets during this period.

27 Aug 2017 12:22 PM IST

Jan Dhan, Aadhaar, mobile ushered in a social revolution: Jaitley

1 billion unique Aadhaar numbers linked to 1 billion bank accounts and 1 billion mobile phones.

27 Aug 2017 12:15 PM IST

Indian ships saw a sharp decline in their share in carriage of countrys overseas trade.

India, EFTA give shape to free trade agreement, to meet soon

Two-way trade between regions dropped to USD 19 billion in 2016-17 from USD 21.5 billion in 2015-16.

27 Aug 2017 11:53 AM IST

Kerala CM Pinarayi Vijayan also informed that the internal probe report conducted by the BJP will also be considered by Vigilance investigation team. (Photo: PTI)

Kerala govt to allocate Rs 40,000 crore to KIIFB this year

All the doubts about the initiative that were raised during its initial stages have now been eradicated, said Pinarayi...

26 Aug 2017 8:22 PM IST

Finance minister Arun Jaitley on Friday announced setting up of a new exchange-traded fund (ETF) to be called Bharat 22 to sell government stakes in 22 state-run and private firms under its $11.4 billion asset sale programme.

Crime, corruption, terrorism flourish on cash: Arun Jaitley

Jaitley noted that demonetisation has led to the eradication of anonymity of ownership of cash.

26 Aug 2017 6:57 PM IST

EPFO members on foreign postings can apply for CoC online

EPFO members on foreign postings can apply for CoC online

The CoC is required for all those employees going abroad for assignments or posting done by their employers.

26 Aug 2017 6:01 PM IST

The implementation of GST and increased surveillance post demonetisation will help increase the tax-GDP ratio to 11.9 per cent by 2019-20, said the government. (Representational Image)

Retain income tax exemption limit at Rs 2.5 lakh: Niti Aayog tells...

Think tank's 'Three Year Action Agenda' asks govt to address issue of corruption among tax officials.

26 Aug 2017 5:49 PM IST

Adanis solar power project at Kamuthi, Tamil Nadu Electricity Regulatory Commission has dismissed the two separate petitions filed by the Adani.

New norms for solar power bids to enhance transparency: MNRE

The MNRE had issued the new guidelines for tariff based competitive bidding process on August 3.

26 Aug 2017 5:21 PM IST

The Karnataka Development Authority has instructed the banks that a Kannada unit must be established in all the branches. (Photo: PTI/Representational)

Maharashtra govt to bring law to protect deposits in urban co-op banks

Most of the UCBs have small deposit amounts and savers are adversely affected whenever these banks face financial...

26 Aug 2017 4:41 PM IST