The Supreme Court has asked the Reserve Bank of India (RBI) to reveal certain information regarding annual inspection reports of private banks and non-performing assets under Right to Information (RTI) Act reviewing... Read more »
The Reserve Bank of India’s announcement of new open market purchases of government bonds is a sign the central bank is using great efforts to increase the economic impact of its policy... Read more »
Even as its petition is pending at the National Company Law Tribunal (NCLAT) have asked for review of the ban on banks classifying the IL&FS accounts as non-performing assets (NPAs), the Reserve... Read more »
The Reserve Bank of India has recently exited the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (Nabard), divesting its entire stakes to government for Rs 1,450... Read more »
Mahindra Finance announced its audited financial results for the quarter ended March 2019. Mahindra Finance has seen a stellar growth of 87% in net profit to Rs 588 crores for the fourth... Read more »
Indiabulls Group chairman has said that the company is looking to divest the real estate business, its proposed merger of Indiabulls Housing Finance Ltd with Lakhsmi Vilas Bank. The promoters are in talks with... Read more »
The risk of over-leveraging in the microfinance sector has risen owing to the changing landscape of the sector, varying interpretation of the RBI guidelines as well as some gaps in the credit bureau data,... Read more »
Diversified group ITC Ltd has moved the Mumbai Bench of the National Company Law Tribunal (NCLT) against luxury hospitality group Hotel Leelaventure Ltd, alleging oppression and mismanagement. ITC has also filed two... Read more »
Oil had longer gains after rising to a six-month high Monday as the Trump administration said it will no longer give any country a pass on sanctions barring purchases of Iranian supply. Futures... Read more »
Global buyout major Blackstone Monday has said it would acquire a majority 51 percent stake in the troubled Essel group arm Essel Propack for over USD 460 million or about Rs 3,200... Read more »