An operational creditor has filed a Rs 211-crore insolvency case against Zee Entertainment Enterprises.
Govt increases interest rates on eight small savings schemes in range of 20-110 basis points for January-March quarter; rate for PPF and Sukanya Samriddhi scheme unchanged.
Public debt accounted for 89.1% of total gross liabilities at September-end 2022, up from 88.3% as on June 30, the quarterly report on public debt management said.
Only 8.2% of 462.5 million Jan Dhan accounts have zero balance; 81.2% are operative, RBI data shows.
A CBI court has remanded former ICICI Bank CEO Chanda Kochhar, her husband Deepak and Videocon group founder Venugopal Dhoot in CBI custody till 28 December in connection with a loan fraud case.
The fraud reporting module will be migrated to RBI’s DAKSH from 1 January; move will streamline reporting, enhance efficiency and automate payments fraud management process.
CBI arrests Chanda Kochhar and her husband Deepak Kochhar; case relates to alleged irregularities in Rs 3,250-crore loan provided to Videocon Group when Chanda was ICICI Bank CEO.
Yes Bank transfers its 24.19% stake in Dish TV to JC Flowers ARC; invoked shares of six other firms also transferred to the ARC.
In order to make the bid to buy a majority stake in IDBI Bank attractive to more suitors, the government is likely to waive some tax norms for the buyer. Earlier, the Centre had extended the deadline for initial bids.
Gitanjali Gems heads the list with defaults on loans worth Rs 7,848 crore, said minister of state for finance Bhagwat Karad.
Yes Bank CEO Prashant Kumar termed transfer of bad loans, along with recent capital raise, as another strategic milestone in turnaround journey of the bank.
The government has extended the deadline to submit expressions of interest for buyout of its 60.7% stake in IDBI Bank by 3 weeks.
IDBI Bank is seeking an insolvency proceeding against Zee Entertainment Enterprises Ltd to recover dues of Rs 149.60 crore.
Yes Bank board approves allotment shares to private equity firms Carlyle Group and Advent International following the Reserve Bank of India's nod for the same.
Banks have written off bad loans worth Rs 10,09,511 crore during the last five financial years, finance minister Nirmala Sitharaman revealed.
