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The banks saw a 4.5% growth in loan books, albeit from a higher base, while gross advances stood at ₹53 trillion.

Thu, Aug 16 2018. 10 39 PM IST

Write-offs at PSBs grow at faster clip than loan growth

16 state-run banks wrote off over ₹31,000 cr in June quarter, a 37% rise from a year ago

Banks Board Bureau chairman B.P. Sharma. Photo: HT

Tue, Aug 14 2018. 09 24 AM IST

Vacant posts in top management of state-run banks likely to be filled by month-end

More than 10 posts of managing directors of banks are lying vacant or will be vacant in the next couple of months and the government is aiming to quickly fill these posts

BSE Sensex and NSE’s Nifty 50 closed higher on Tuesday. Photo: Mint

Tue, Aug 14 2018. 09 03 AM IST

Closing bell: Sensex gains 207 points; Nifty settles at 11,435; Sun Pharma shares surge 7% after Q1 results

BSE Sensex closed 207.10 points up at 37,852, while the Nifty 50 ended 79.35 points higher at 11,435.10. Here are the highlights from the markets

UTI Mutual Fund Chairman Leo Puri. Photo: Mint

Mon, Aug 13 2018. 05 20 PM IST

T Rowe Price seeks more time from court on Leo Puri’s term

Talks on with government for an out-of-court settlement of the matter, says T Rowe Price

Ravi Venkatesan is an advocate of entrepreneurship programmes at the school level; and coffee shops are doubling up as offices for new entrepreneurs. Photo: Aniruddha Chowdhury/Mint

Fri, Aug 10 2018. 10 53 AM IST

Ravi Venkatesan dreams of mass entrepreneurship in India

Nurturing entrepreneurial mindsets early and creating support infrastructure like incubators can lead to mass entrepreneurship in India and abate the job crisis

Banks who have lent directly to the firm could decline to release their charge. Photo: Bloomberg

Thu, Aug 09 2018. 09 45 PM IST

Banks outside consortium but with charge on assets of stressed firms may scuttle ICA

The inter-creditor agreement needs 66% of all lenders to approve a resolution plan

UTI Asset Management Company MD Leo Puri. Photo: Mint

Thu, Aug 09 2018. 04 05 PM IST

Bombay high court to decide on Leo Puri’s extension on Monday

Puri’s five-year term comes to an end on Monday itself

IFCI Ltd has been selling its stake in various firms, in an attempt to raise funds to cut its NPAs. Photo: Bloomberg

Thu, Aug 09 2018. 02 39 PM IST

IFCI seeks to sell Clearing Corp. stake for ₹130 crore

IFCI is seeking a minimum price of ₹ 650 per share for its stake in CCIL, thereby a total consideration of ₹ 130 crore from the divestment

There is consensus among bankers that MCLR is better than base rate and that the transmission is happening at a much faster pace now. Photo: Bloomberg

Thu, Aug 09 2018. 10 17 AM IST

In Indian banking, what goes up does not come down

When loan rates go up, they usually don’t come down, but deposit rates remain sticky

UTI Asset Management Co. chief executive Leo Puri. Photo: Aniruddha Chowdhury/Mint

Wed, Aug 08 2018. 11 41 PM IST

T. Rowe Price moves court over UTI MF’s shareholding

Order Sebi, govt to ensure other shareholders pare holding, T.Rowe Price tells HC

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