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The bank had provided Rs 1.06 lakh crore for the bad loans but the provisions for the NPAs as assessed by the RBI was Rs 1.18 lakh crore.

SBI under-reported close to Rs 12,000 crore bad loans

Bank would have made Rs 6,968-cr net loss instead of profit.

11 Dec 2019 1:22 AM IST

$Efforts are also being undertaken to increase our exports to emerging markets of Africa, Latin America through PTAs/FTAs (preferential/free trade agreements),\ the Minister of State for Commerce Hardeep Singh Puri said. (Photo: File | ANI)$ Business

Efforts being made to boost exports: Minister

We are trying to provide whatever support you, as exporters, need from the government, MoS Hardeep Singh Puri said.

10 Dec 2019 2:11 PM IST

Yes Bank hasnt issued the so-called no objection certificate as its seeking assurances on repayments of other loans taken by Coffee Day, said the people, asking not to be identified as the information isnt public. All other creditors have approved the transaction, the people said.

Coffee Dayâ€™s tech park sale stalls over Yes Bank nod

Shares of Coffee Day fell 8.9 per cent to close at Rs 43.85.

10 Dec 2019 1:51 AM IST

Life Insurance Corporation of India.

LIC mops up over Rs 1,380 crore in a day

Earlier, the Irdai had asked insurers to withdraw products by November 30 and to come up with the revised products from...

10 Dec 2019 1:47 AM IST

Jio, the newest and the most aggressive player in the telecom clan, said that it disagrees with intent, tone and contents of COAIs letter.

Average customer unlikely to pay for outgoing calls, says Reliance Jio

Reliance Jio is offering 1,000 minutes per month (28-day cycle) of free calling every month across all plans.

8 Dec 2019 4:40 PM IST

Revenue from operations in the second quarter stood at Rs 16,123.2 crore as against Rs 21,553.7 crore in the year-ago period.

Maruti raises production by 4 per cent in Nov after 9 straight months...

The company produced a total of 1,41,834 units in November as against 1,35,946 units in the year-ago month, MSI said.

8 Dec 2019 2:43 PM IST

The market capitalisation (m-cap) of TCS jumped Rs 26,360.5 crore to Rs 7,96,612.51 crore at close on Friday.

Five of top-10 most valued firms add Rs 56,877 crore in market...

Reliance Industries Limited (RIL), ICICI Bank, Kotak Mahindra Bank and Infosys were among the gainers.

8 Dec 2019 11:03 AM IST

The loan will be utilised to part finance the capital expenditure of NTPC.

NTPC signs term loan of Rs 5,000 cr with SBI

The loan facility has been extended at an interest rate linked to 3-month MCLR of the bank and has a door-to-door tenure...

7 Dec 2019 3:16 PM IST

On October 29, a senior official said there were good enough reasons to refer the DHFL matter to the SFIO.

DHFL bankruptcy: Irdai rules out troubles for two insurance arms

As of September, DHFL Pramerica Life-'s solvency ratio stood at 388 per cent and that of DHFL General Insurance at 230...

7 Dec 2019 11:57 AM IST

Aditya Birla Group chairman Kumar Mangalam Birla. (Photo: File | PTI)

Vodafone Idea to shut down if no relief comes: Kumar Mangalam Birla

Vodafone Idea shares fell over 5 per cent on Friday, spooked by Birlaâ€™s comments. The stock slumped 5.34 per cent at...

7 Dec 2019 2:27 AM IST

On October 29, a senior official said there were good enough reasons to refer the DHFL matter to the SFIO.

Write off DHFL exposure

Like in IL&FS, a similar procedure will have to be followed: Khuntia

7 Dec 2019 2:24 AM IST

Automotive Component Manufacturers Association said the slowdown has also resulted in an investment loss of up to USD 2 billion dollars during the period.

Auto component industry turnover dips 10 per cent in Apr-Sep

This led to a job loss of around 1 lakh temporary workers till July this year, industry body ACMA said.

6 Dec 2019 4:06 PM IST