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The rating agency noted that losses were reported at 19 of the 21 state banks in FY18, including State Bank of India (SBI), while earnings at the large private banks also came under significant pressure, with Axis Bank reporting its first-ever quarterly loss.

State-run banks hopeful of getting out of RBI's watchlist by 2020

Under the PCA, banks face restrictions on distributing dividends and remitting profits.

27 Jun 2018 1:11 PM IST

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

LIC may enter banking sector; eyes majority stake in IDBI Bank

The deal is expected to provide business synergies despite the lender's stressed balance sheet.

27 Jun 2018 1:02 PM IST

Nirav Modi availed loans from PNB Hong Kong, Dubai branches too:...

The 162-page report alleged that a group of employees at the Brady House branch issued fake letters of undertaking.

27 Jun 2018 12:51 PM IST

AIADMK MLAs expulsion case: After split verdict, SC appoints third...

Supreme Court has assigned Justice M Satyanarayan of Madras High Court to hear the case.

27 Jun 2018 12:16 PM IST

Army chief General Bipin Rawat

We don't need to speak on 'motivated' UN report on J&K: Army Chief

Army Chief General Bipin Rawat said the human rights record of the Indian Army is absolutely above board.

27 Jun 2018 11:48 AM IST

Shailza Dwivedi, wife of Major Amit Dwivedi, was found at the Delhi cantonment area on Saturday with her throat slit and signs of being run over. (Facebook Screengrab | Shailza, Mrs India EARTH MoSt Creative)

Accused Major found Shailza on Facebook in 2015, befriended husband to...

Reports say Major Nikhil Handa had first seen Shailza on Facebook in 2015 and soon became 'obsessed' with her.

27 Jun 2018 11:17 AM IST

Lawyer Vijay Aggarwal, speaking by telephone, declined to comment on where Nirav Modi was. (Photo: PTI)

MEA writes to European capitals for help in tracing, restricting Nirav...

Ministry of External Affairs wrote letters to France, UK and Belgium seeking their help to find Nirav Modi.

27 Jun 2018 11:00 AM IST

Prime Minister Narendra Modi

Social security cover extended to 50 crore people, says Narendra Modi

He said beneficiaries under various social security schemes stood at about 5 crore in 2014, which has now increased to...

27 Jun 2018 10:53 AM IST

Fortis Healthcare on Tuesday decided to initiate a fresh, time- bound bidding process for its sale and terminated the offer from Munjal-Burman combine that was earlier accepted by the companys board.

Fortis Healthcare Q4 net loss widens to Rs 914 crore

It was Rs 479.29 crore for the previous fiscal year.

27 Jun 2018 10:47 AM IST

Jeffrey Yao has been arrested and charged with murder and attempted murder. He is being held without bail until his arraignment on Monday. (Representational Image)

Delhi engineer chops wife into 7 pieces, police use carton to trace...

Police said the accused was unemployed and had a relationship with another woman.

27 Jun 2018 9:43 AM IST

Shailza Dwivedi was found dead near a cantonment area in New Delhi with her throat slit, and her body crushed by a vehicle that had run over her several times. (Facebook Screengrab | Shailza, Mrs India EARTH MoSt Creative)

Can't take no for answer: Experts on stalking after Army Major wife...

Stalking leads to more gruesome crimes when individual is unable to 'recognise boundary', says psychiatrist Nimesh...

27 Jun 2018 8:41 AM IST

Bihar Chief Minister Nitish Kumar

Bihar CM Nitish Kumar plotting return to secular opposition fold...

Congress leadership has donned the mantle of negotiator and is trying to impress upon the RJD leader the need to unite...

27 Jun 2018 5:42 AM IST