New ICICI milestone

ICICI Bank on Wednesday said its mortgage loan portfolio has crossed the Rs 1.5-lakh-crore-mark, making it the largest private player in the segment. The bank is now targeting to grow this book to Rs 2 lakh crore by 2019-20.
Our Special Correspondent Jul 05, 2018 00:00 IST

Doubt over IDBI-LIC deal

The Life Insurance Corporation's plan to buy a majority stake in sick lender IDBI Bank could become a case of throwing good money after bad with a section of North Block fearing the controversial move may boomerang.
Jayanta Roy Chowdhury Jul 05, 2018 00:00 IST

Fee for loan poaching

HDFC chairman Deepak Parekh feels a lender should be compensated if its customer is poached by a rival within a particular timeframe.
Our Special Correspondent Jul 05, 2018 00:00 IST

Rain worry for coal

Coal India has urged thermal power plants not to cut their offtake during the rainy season. Coal mining and inventory management are a key challenge during the monsoon months for both consumers as well as miners as moisture affects quality and heavy rain can disrupt production.
A Staff Reporter Jul 05, 2018 00:00 IST

NPA pill win-win for all

The recommendations of the Sunil Mehta-committee on bad loan resolution is a win-win solution, finance minister Piyush Goyal said on Tuesday.
Our Special Correspondent Jul 04, 2018 00:00 IST

Hint of late exit under IBC rules

The Insolvency & Bankruptcy Board of India (IBBI) may soon come out with the rules to give effect to the latest amendment to the Insolvency & Bankruptcy Code, 2016, which received Presidential assent last month.
Sambit Saha Jul 04, 2018 00:00 IST

PNB to downsize Brady branch

The Punjab National Bank (PNB) is closing nearly all its operations in a Mumbai branch that was at the heart of a $2-billion fraud, according to four sources with knowledge of the decision.
Jul 04, 2018 00:00 IST

SME bad loan solution

A plan for the resolution of bad assets in small and medium enterprises (SMEs) is expected to be ready by October.
Our Special Correspondent Jul 04, 2018 00:00 IST

Voda-Idea merger awaits DoT okay

The merger of Vodafone-Idea seems to have run into a bureaucratic hiccup with the department of telecom seeking legal opinion on the spectrum charges that telecom players need to pay before the deal is cleared.
Our Special Correspondent Jul 04, 2018 00:00 IST

Saarc bank on agenda for core push

The Saarc Development Fund (SDF) is planning a regional development bank to raise capital from the market and lend to projects in the region.
Jayanta Roy Chowdhury Jul 04, 2018 00:00 IST

US bid to foil China Mobile plan

The US government has moved to block China Mobile from offering services to the country's telecommunications market, recommending its application be rejected because the firm posed national security risks.
Jul 04, 2018 00:00 IST


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