The bank said the loans outstanding were fully classified as non-performing, with provisions made as per applicable norms.
June 23, 2018 1:10:32 am

The aggregate loan — in the 31 cases — outstandings at March 31, 2018 were Rs 6,082 crore, which is about 1.1 per cent of gross loans.

After trading flat with a negative bias for the major part of the day, the BSE Sensex jumped 257.21 points or 0.73 per cent to finish at 35,689.60.
June 23, 2018 1:03:51 am

Market sentiments got a boost after data showed that foreign portfolio investors (FPIs), who had been net sellers for the past several sessions, were back to buying mode on the domestic bourses.

June 23, 2018 12:59:16 am

RITES had set a price band of `180 to `185 per share for its initial public offering (IPO). The IPO is a part of the government’s disinvestment programme and all the proceeds from the proposal will go the government.

As per LIC’s internal estimates, the deal may cost around Rs 10,000 crore.
June 23, 2018 1:00:05 am

The government is looking to disinvest its holding in the lender.

June 23, 2018 12:55:15 am

The government appointed Jain as the Deputy Governor of the RBI for three years. Jain has come in place of SS Mundra who retired last year.

In a statement to the stock exchanges on Friday, RIL said its resolution plan was put to vote before the CoC on June 20 and has received the assent of 72.192 per cent of the total votes.
June 23, 2018 12:52:39 am

CoC approves Rs 5,000-cr bid compared with Rs 30,000 crore owed to lenders.

DSK group fraud case: Bank of Maharashtra's top officials held
June 23, 2018 12:48:56 am

Decisions taken by bankers are commercial in nature and they are not strictly rule based because they judgmental in nature.

DSK group fraud case: Bank of Maharashtra's top officials held
June 23, 2018 12:48:01 am

At the annual general meeting of BoM on Thursday, some shareholders had raised the issue of the loan disbursed to the DSK Group — which is accused of cheating thousands of its investors of over Rs 2,000 crore — and the management had clarified its position.

Markets stage strong comeback, log fifth weekly gains
June 22, 2018 5:45:42 pm

Both the Sensex and Nifty posted their fifth straight weekly gains, rising 67.46 points, or 0.19 per cent, and 4.15 points, or 0.04 per cent, respectively.

Markets stage strong comeback, log fifth weekly gains
June 22, 2018 10:29:12 am

The 30-share index, which had lost 114.94 points in the previous session, fell by another 50.91 points, or 0.14 per cent, to 35,381.48 in early trade. The rupee firmed up by 19 paise to 67.79 against the dollar on Friday.

US Federal Reserve hikes key interest rate for second time in 2018
June 22, 2018 9:26:35 am

The first round of the central bank's annual stress tests, released Thursday, shows that as a group, the 35 big banks have benefited from a steadily recovering economy to gain strength and build up capital buffers against unexpected losses.

India slaps higher import duties on steel, agri products in retaliation to US tariff hikes
June 22, 2018 4:30:38 am

With Trump administration increasing import duties and initiating trade war with various countries including India, the Indian government on Wednesday slapped higher duties on a number of items.

June 22, 2018 2:51:56 am

The weakening rupee could prompt foreign investors to offload more bonds, market observers said, since otherwise their portfolios would continue to lose value.

bank of baroda, indian express, south africa, jacob zuma, indian express
June 22, 2018 2:48:11 am

BoB’s decision to sell its exposures in these accounts runs counter to an understanding between banks to not to sell individual exposures to accounts undergoing insolvency.

BSE waives transaction fees equity segment
June 22, 2018 2:45:04 am

Minutes of RBI’s June policy meeting, released after market hours on Wednesday, flagged inflation risks on the back of factors like firm oil prices and volatile global financial markets, which further sapped confidence. Foreign portfolio investors.

RBI rate cut
June 22, 2018 2:41:32 am

Vulnerability arising from the banks’ ATMs operating on an unsupported version of operating system and non-implementation of other security measures, could potentially affect the interests of customers adversely.

Draft on cross-border insolvency: Banks to get access to overseas assets of firms undergoing resolution
June 22, 2018 12:38:26 am

The draft norms have now been issued to plug loopholes and have any effective resolution mechanism in place for cross-border insolvency.

Enforcement action in NSE co-location case
June 22, 2018 12:32:52 am

SEBI Chairman Ajay Tyagi also said its investigation in the co-location case has nothing to do with the proposed initial public offer of NSE.

Enough scope in RBI circular for resolution of bad loans: Finance Minister Arun Jaitley
June 22, 2018 12:25:48 am

While the power sector officials demanded relaxation from the RBI from its February 12 circular, which mandates a one-day default norm, the RBI is understood to have turned down the suggestion.

‘Quality, safety issues continue to haunt top firms in India’
June 22, 2018 12:16:04 am

Numerous cases of data falsification, lax adherence to norms, says report