Psb

Sensex tanks 770 points, Nifty below 11,000-mark amid deepening economic crisis; ICICI Bank, Tata Steel among top losers

Top losers in the Sensex pack included ICICI Bank, Tata Steel, Vedanta, HDFC IndusInd Bank, Tata Motors, RIL and ONGC — falling up to 4.45%.

Can’t expect anything radical this time from Modi 2.0, govt's entire focus will be on matching all numbers

The prime minister has already increased the cash transfer scheme allocation to Rs 87,000 cr as it will include more farmers now.

Congress election manifesto: Several poll promises will meet implementation hurdles; strict follow-up action key to success of schemes

The manifesto also talks about more public sector bank mergers which will depend a lot on how the Bank of Baroda-Dena-Vijaya Bank alliance works out as there will be several lessons to be learnt.

RBI proposal to revamp bank CEO compensation: Companies Act should take a leaf out of central bank’s gesture

In other words, since the public sector bank honcho salary is abysmally low, what the RBI is doing according to critics is reducing the salary of foreign and private banks.

Daily Bulletin: Upendra Kushwaha to join UPA; US calls troops home from Syria; Priyanka, Nick host reception in Mumbai; day's top stories

Today's top stories: Priyanka Chopra and Nick Jonas host reception in Mumbai; rump declares victory over IS in Syria, orders US troops home; Upendra Kushwaha likely to join Mahagathbandhan today; and more.

The Great Indian NPA Mess: Banks, govt and industrialists worked together to kick bad loans can down the road

We now have one big problem which the Narendra Modi government is trying to postpone further by merging different public sector banks. The trouble is bringing two rotten eggs together is only going to lead to another rotten egg

Bank of Baroda, Dena, Vijaya merger: How NPA-ridden Dena Bank just got an unofficial bailout package

The Narendra Modi government's decision to merge three State-run banks — Bank of Baroda, Vijaya Bank and Dena Bank — isn't an unexpected one, given that this consolidation is an idea that has been discussed for a long time

ICICI Bank posts loss of Rs 120 cr in Q1: Why lender's April-June quarter numbers remind one an old PSB trick

ICICI Bank has ignored the short-term pain in its P&L to put the balance sheet in order. This should help improve the health of the lender in the long-term

NPA crisis: Bad bank would work at cross purposes with the nascent but arguably more effective IBC

How can creation of an official asset reconstruction company make a dent into the problem of NPA especially when we have Insolvency and Bankruptcy Code 2015 already seized of the problem.

Unravelling PNB Rot Part 2: Secret trip by Indian bankers to Hong Kong to cover up scam under scanner

A large chunk of buyer’s credit was raised by PNB's Mumbai branch to various government-owned banks in Hong Kong to facilitate companies owned by the diamantaires.