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Top 50 wilful defaulters owe Rs 87,295 crore to banks

PNS|New Delhi The finance ministry on Tuesday said top 50 wilful defaulters including Gitanjali Gems Limited, Era Infra Engineering Limited, REI Agro Limited, and ABG...

Banks should have stronger overview on NBFC borrowers’ lending practices: SBI MD

 Banks need to be given "stronger overview" on the lending practices followed by non-bank lenders who borrow from them, a senior official from SBI...

Fixed deposit rates turn positive at 8%, first time in many years

As banks’ chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits...

Banks write off loans worth Rs 11.17 lakh crore in last six years

Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was...

Govt saved banks from Rs 3 lakh cr of NPAs by clearing pending road projects

PNS|New Delhi The government on Tuesday claimed in the Rajya Sabha that it has saved Indian banks from Rs 3 lakh crore of NPAs by...

State govt should back stir against VSP privatisation, says Undavalli

PNS|Vijayawada Former Congress MP Undavalli Arun Kumar has called for intensifying the movement against privatisation of the Visakhapatnam Steel Plant (VSP) and opined that the...

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