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Financial Services
India  /  Published 30.07.20

Govt has destroyed banks: Congress

The Congress on Wednesday accused the Narendra Modi government of destroying the banking and financial sectors with bad decisions, failing to punish defaulters and curbing the autonomy of the RBI. Ar...
By Our Special Correspondent in New Delhi

Business  /  Published 21.07.20

IL&FS lays out road map for debt resolution

Infrastructure Leasing and Financial Services (IL&FS) Group expects to resolve over Rs 57,000 crore of its debt, which is more than 50 per cent of its overall debt of Rs 99,000 crore. Of this, th...
By in Mumbai

Business  /  Published 12.11.18

IL&FS starts asset sale drill to turn around

According to the company, in order to ascertain market interest and examine the feasibility of maximisation of value in an orderly and transparent manner, the board on Monday initiated the process of ...
By Our Special Correspondent in Mumbai

Business  /  Published 11.11.18

Dos and don'ts for investors

These are gut-wrenching times for those who had in recent years scrambled to buy banking and financial services (BFS) stocks, many of which scaled the valuation charts only to bear the brunt of large-...
By Nilanjan Dey in

Business  /  Published 08.06.20

IL&FS sells Gujarat International Finance Tec-City stake

Debt-laden IL&FS on Monday said it has completed the sale of its 50 per cent stake in Gujarat International Finance Tec-City (GIFT City) to the Gujarat government, generating over Rs 32 crore for ...
By TT Bureau in Mumbai

Business  /  Published 09.11.18

Equity mutual funds did fine in volatile market

Funds flow into equity mutual funds jumped over 31 per cent in October even as markets stayed volatile amid concerns that retail investors will press the panic button.Latest data released by the Assoc...
By Our Special Correspondent in Mumbai

Business  /  Published 05.11.18

SBI back in the black after 3 quarters in red

While net NPAs came down from Rs 99,236 crore to Rs 94,810 crore during the same period, the gross NPA ratio at 9.95 per cent saw a sequential drop of 74 basis points.During the quarter, while slippag...
By Our Special Correspondent in Mumbai

Business  /  Published 01.11.18

HDFC net profit up, helped by stake sale

HDFC on Thursday reported a 25 per cent rise in net profit for the September quarter with its bottomline boosted by the part sale of its stake in its mutual fund arm even as robust loan demand fuelled...
By Our Special Correspondent in Mumbai

Business  /  Published 30.10.18

RBI to ensure enough cash flow, says Patel

...
By Our Special Correspondent in New Delhi

Opinion  /  Published 29.08.19

Sentiments do have real economic benefits

Sentiments matter for economic growth. Optimistic or upbeat sentiments encourage consumers to buy and borrow; businesses, on the other hand, are spurred to plan and invest. But when in reverse gear, d...
By Renu Kohli in


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