Cyclone toll in Andhra mounts to 45

The toll due to the cyclone that lashed the south Andhra Pradesh coast has mounted to 45, with Krishna district accounting for 24 deaths, State Relief Commissioner Asutosh Mishra said on......

Banks' bottom line improves as bad loans continue to fall

Commercial banks in the country continued with their improving asset quality trend in the October-December 2021 quarter with slippages remaining under control coupled with healthy recoveries and......

FPIs invest over Rs 17,000 cr in equities so far in May

Experts believe FPIs will keep a close watch on coronavirus pandemic, its spread and likely impact on the economy while making decisions about investment into India. Illustration: Dominic......

Fraud puts a fourth of PNB's net worth at risk

While the finer details of the fraud have not been provided, making it difficult to gauge the exact impact, analysts say it will dent the bank's financials.  Shares of Punjab National Bank......

Coal blocks cancellation, a big blow for PSU banks

Despite the high exposure of public sector banks (PSBs) to the power and iron & steel sectors, analysts remain in a wait-and-watch mode. While the alleged scams involving Syndicate Bank, Oriental......