Indian banks’ gross non-performing assets fell to 5.8 percent, but the current macroeconomic environment may impact the health of lenders, the Reserve Bank said on Tuesday. GNPAs, which peaked after the review of asset quality in fiscal 2018, have declined

Image courtesy: FashionNetwork.com Fashion label Forever 21, a US-based brand licensed through Aditya Birla Fashion and Retail Ltd. in India, has expanded its presence in the country’s northernmost state by opening its first store in Mizoram. Located in the state

After a three-day hearing on JetAirways (9W, Mumbai International) India’s National Company Law Tribunal (NCLT) has reserved its decision after the airline’s owners, the Kalrock Capital-Murari Lal Jalan consortium, sought orders to compel a consortium of lenders to allow the

A common perception is that most of the rural population in India is not well versed in digital banking.   What can be described as a revelation, however, is that, according to a

Flexible workspace provider WeWork India announced on Monday it had raised Rs 550 crore from funds managed by BPEA Credit. The funds will be used for future growth and potential consolidation opportunities, the office space provider says in a statement.

The Central Bureau of Investigation (CBI) this week arrested Chanda Kochhar and her husband Deepak Kochhar in connection with the Rs 3,000 loan scam by Videocon Group. There were also several other individuals charged in the case under the relevant

According to the Chinese Foreign Ministry’s website, Chinese Foreign Minister Wang Yi said on Sunday that China stands ready to work with India through steady and solid development of ties. Addressing the reporters about

In a separate response on public sector banks’ non-performing assets, Minister of State at the Treasury Bhagwat Karad said public sector banks’ (PSB) NPAs have fallen from Rs 8.95.6 trillion in March 2018 €5,40,958 crore as of March 2022 primarily

Speaking virtually to Amrut Mahotsav of Shree Swaminarayan Gurukul at Rajkot in Gujarat on Saturday, Prime Minister Narendra Modi said the organization is doing an excellent job in reviving India’s glorious past and embedding it

Telecoms regulator Trai has launched a discussion on the licensing framework and regulatory mechanism for undersea cable landings in India. India’s Telecoms Regulatory Authority (Trai) said it was approached by the Department of Telecoms