Fund raising by listed companies from institutional investors plunged by 78 percent to Rs 2,818 crore in the first six months of the current fiscal.
Saddled with mounting bad loans, as many as 16 public sector banks, including PNB, BoB and Canara Bank, skipped paying dividend in 2015-16, leading to three-fold decline in government receipts to Rs 1,444.6 crore.
The Reserve Bank of India (RBI) has proposed opening of "Islamic window" in conventional banks for "gradual" introduction of Sharia-compliant or interest-free banking in the country.
Cement major India Cements Ltd on Saturday said it closed the second quarter of fiscal 2016-17 with a profit of Rs 62.41 crore.
State Bank of India on Saturday said it proposes to raise Rs 5,681 crore by issuance of preferential shares to the central government, its majority shareholder.
Massive outflow of foreign funds, along with rupee depreciation and political bickering over the government`s recent demonetisation move, plunged the key Indian equity markets by around 2.50 percent during the just-concluded week.
Top private sector lender ICICI Bank Friday said it has received deposits of Rs 32,000 crore after the November 8 demonetisation move.
The Supreme Court today said that disclosure of names of debtors, who owe Rs 500 crore and more to banks, will not lead "anywhere" as the important issue is to address "root cause" of accumulation of non-performing assets (NPAs).
The rupee Friday crashed below the psychological 68-mark to end at near nine-month low as sentiment turned bearish on combination of growing US rate hike expectations and stunning dollar run.
Sensex stumbled for the fifth day as it touched a fresh six-month low due to continuous foreign outflows after Fed chair Janet Yellen signalled a rate hike in December policy review.
Extending losses for the fifth session, the Sensex fell over 49 points in early trade while the rupee took a sharp plunge of 32 paise to crash below the 68-mark against the US dollar.
Dropping for the fourth straight session, the Sensex Thursday slumped to its six-month low amid heightened risk aversion, sparked by foreign capital outflows and lingering worries over the government's demonetisation decision.
Equity mutual funds witnessed an addition of nearly 20 lakh investor accounts or folios in the first seven months of the ongoing fiscal, primarily on account of strong retail participation.
The gauge had lost 1,218.99 points in the previous three sessions.
As a controversy arose over SBI reportedly writing off loans worth Rs 7,000 crore including that of Vijaya Mallya promoted Kingfisher Airlines, government and the bank today maintained that there was no loan waiver and the liability on the borrowers still remains.
Market benchmark Sensex ended a shade lower today after giving up early gains of about 317 points on widespread fag-end selling amid sustained capital outflows by foreign funds and a weak trend in European shares.
With about Rs 4 lakh crore coming into the banking system within a week after demonetisation, Moody's Investors Service on Wednesday cautioned that banks' deposit base will witness a "sharp decline" as and when the current restriction on cash withdrawals eases.
The Monetary Policy Committee headed by RBI Governor Urjit Patel last month cut benchmark interest rates by 0.25 percent to 6.25 percent.
The benchmark Sensex rebounded almost 317 points to 26,621.40 and the broader Nifty reclaimed the 8,200-mark in early trade today on account of positive macro-economic data.
Shares of Tata Motors Tuesday plummeted nearly 10 percent, eroding Rs 15,057.51 crore from its market valuation, after the company's standalone net loss widened to Rs 631 crore in the September quarter.