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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.

Banks to come out of PCA framework by this fiscal: Rajiv Kumar

Various measures taken by the government including implementation of Insolvency and Bankruptcy Code has yielded good...

16 Aug 2018 4:40 PM IST

Prime Minister Narendra Modi, who will reply to the debate, is expected to use the occasion as a launching pad for campaign for 2019 general election. (Photo: File | PTI)

If rupee fall continues, it can hurt Narendra Modi

Prime Minister Narendra Modi's job could become a lot harder just before big state and national elections.

16 Aug 2018 4:24 PM IST

People wait in a queue to check their names on the final draft of the states National Register of Citizens after it was released, at an NRC Seva Kendra, in Morigaon. (Photo: PTI)

Submit district-wise percentage of excluded people: SC tells Assam NRC...

The apex court said that the claim and objection forms on the Assam NRC issue will be made available to the general...

16 Aug 2018 4:19 PM IST

Last month, we saw a spike in risk aversion due to hardening of crude oil prices leading to outflow of funds from emerging markets including India: Ajay Bodke, CEO, Prabhudas Lilladher.

Oil prices, 2019 elections, local fund flow top drivers for market:...

The impact of INR depreciation is mixed 5 per cent depreciation would push up inflation by 10-15 bps.

16 Aug 2018 4:01 PM IST

The countrys largest car maker Maruti Suzuki India (MSI) today reported a 14.9 per cent increase in total sales at 1,60,598 units in March as against 1,39,763 units in the year-ago month.

Maruti Suzuki hikes prices by up to Rs 6,100

The new prices are effective from today.

16 Aug 2018 3:50 PM IST

Airtel Payments Bank. (Photo: Representational/AFP)

Airtel Payments Bank, Bharti AXA ally for PM Jeevan Jyoti Bima Yojana

PMJJBY offers life insurance cover of Rs 2 lakh at a premium of Rs 330 per annum.

16 Aug 2018 3:23 PM IST

The rupee on Thursday spurted 12 paise to 64.80 against the US currency. (Photo: AP)

Falling rupee not a cause of worry, says Niti Aayog VC

Rupee should be realistically valued and should not be overvalued, he said.

16 Aug 2018 3:10 PM IST

The Supreme Court is asked to declare it void for violation of the basic structure of the Constitution . (Photo: PTI)

Quota in promotions to creamy layer of SC/ST cannot be denied: Centre...

AG Venugopal said that even if some people of the community have come up, the stigma of caste and backwardness is still...

16 Aug 2018 3:10 PM IST

An aerial view of the floods in Aluva after heavy rains, in Kerala. (Photo: PTI)

SC directs Tamil Nadu to reduce water level at Mullaperiyar dam by 3...

However, Tamil Nadu government opposed the plea saying that the inflow of water presently is over 12,000 cusec.

16 Aug 2018 3:04 PM IST

Khan Academy - LearnStorm India

Khan Academy unveils LearnStorm India, a nationwide inter-school...

By combining practice problems and mindset activities, LearnStorm help students master core academic subjects.

16 Aug 2018 2:53 PM IST

The Farm at San Benito, Philippines - The Perfect Sanctuary for a Life-changing Experience

The Farm at San Benito, Philippines - a new wellness destination for...

Indians are opting for wellness holidays that will address their combined goals for travel, experience and wellbeing.

16 Aug 2018 2:41 PM IST

Indias oil imports from Iran showed a decline of over 25 per cent in June, but some shipments loaded last month are expected to arrive this month, government and industry officials had said on Wednesday. (Representational Image | PTI)

India's oil import bill to jump by USD 26 billion on rupee woes

If the rupee is to stay around 70 per dollar for the rest of the ongoing fiscal, the oil import bill will be USD 114...

16 Aug 2018 2:35 PM IST