Manish Prasad, 25, received the shock of his life on Saturday evening when he received a text message that Rs 36,000 had been debited from his bank account.The Kadma resident and insurance sector empl...

As Vijay Mallya left the Westminster Magistrates’ Court on Monday, he was repeatedly asked if he planned to lodge an appeal.It may well be the case that his lawyers will advise him that the judgment...

Private sector lender Lakshmi Vilas Bank (LVB) has reported a disappointing set of numbers for the September quarter of 2019, with net loss widening to Rs 357.18 crore even as asset quality deteriorat...

Shares in Life Insurance Corporation (LIC) and IDBI Bank — the two storied, state-owned institutions in the country’s financial sector — will be sold to the public.The surprise announcement in t...

The government plans to sell its residual stake in IDBI Bank, which at current market prices could yield over Rs 18,000 crore.This was announced by Union finance minister Nirmala Sitharaman in the Uni...

Lenders of Asian Colour Coated Ispat Ltd (ACCIL) have approved the JSW group’s Rs 1,550-crore bid to acquire the debt-ridden steel firm, sources said. ACCIL went into insolvency in July last year af...

Ahead of a series of elections to the state assemblies this winter and the general elections next year, the ruling BJP is quietly reversing its policy to supportfree enterprise and curtail state inter...

Hopes have brightened for banks that continue to remain under the RBI’s prompt corrective action (PCA) framework. Union finance minister Nirmala Sitharaman’s Rs 70,000-crore bank recapitalisation ...