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New RBI norms to help orderly development of ARCs

Last Updated: Sunday, August 17, 2014, 20:49

The recent Reserve Bank guidelines on asset reconstruction companies (ARCs) will result in greater alignment of interest between these companies and other investors, which in turn will lead to an orderly development of the sector, says a report.

Canara Bank aims cash recovery of Rs 6,500 crore this fiscal

Last Updated: Saturday, August 16, 2014, 16:59

State-owned Canara Bank on Saturday said it aims cash recovery of Rs 6,500 crore this fiscal which may result in lowering of non-performing assets (NPA).

India's forex reserves fall to $319.35 bn as of Aug 8

Last Updated: Friday, August 15, 2014, 19:09

Foreign exchange reserves include India`s Reserve Tranche position in the International Monetary Fund.

Forex reserves drop $573.5 million to $319.9 billion

Last Updated: Friday, August 08, 2014, 20:32

After remaining steady for many weeks, the gold reserves rose USD 538.9 million to USD 21.173 billion in the reporting week.

Rajan warns of global assets crash

Last Updated: Thursday, August 07, 2014, 22:59

The Governor expressed fears that central banks "may be exhausting room on the financial side and creating a situation where there will be a discontinuous movement in the financial sector."

Beyonce discusses `future of million dollar fortune` amidst split rumours

Last Updated: Thursday, August 07, 2014, 09:53

Rumors are rife that Beyonce and her husband Jay Z are soon going to split and she has been reportedly holding meetings with her advisor to discuss the future of her possessions.

Forex kitty up $2.71 bn to $320.56 bn; nears all-time high level

Last Updated: Friday, August 01, 2014, 19:31

The gold reserves were unchanged at USD 20.634 billion in the reporting week.

Union Bank of India Q1 profit up 18.5% at Rs 664 crore

Last Updated: Friday, August 01, 2014, 16:59

Union Bank of India today reported 18.5 percent increase in net profit at Rs 664.11 crore for the first quarter ended June 2014.

ONGC, Oil India submit $1.5 billion joint bid for Murphy Oil's Malaysia assets- sources

Last Updated: Thursday, July 31, 2014, 18:52

State-owned Oil & Natural Gas Corp and Oil India Ltd have submitted a joint bid worth about USD1.5 billion to buy Murphy Oil Corp`s Malaysian oil and gas assets, sources directly involved in the process said.

Court orders Russia to pay $50 bln for seizing Yukos assets

Last Updated: Tuesday, July 29, 2014, 04:22

An international arbitration court ruled on Monday that Russia must pay $50 billion for expropriating the assets of Yukos, the former oil giant whose ex-owner Mikhail Khodorkovsky fell foul of the Kremlin.

Over Rs 3,350-cr worth NPAs with Union Bank of India

Last Updated: Monday, July 28, 2014, 17:46

Union Bank of India has Non-Performing Assets (NPAs) worth about Rs 3,350 crore from 20 defaulters.

'Govt, bank mgmts not making serious efforts to recover NPAs'

Last Updated: Sunday, July 27, 2014, 19:59

The Bank Employees Federation of India (BEFI) Sunday came down heavily on the central government and the bank managements over accumulation of Non-Performing Assets (NPA) to the tune of Rs 2 lakh crore.