Good monsoon may push FY17 GDP growth beyond 8%: Crisil
A good monsoon with even rainfall distribution across regions will give a boost to farm sector and may push India's GDP growth beyond the 8 per cent mark in the current fiscal, Crisil said on Wednesday.
Jul 27, 2016, 21:21 PM IST
NPA clean-up should have started much earlier: Raghuram Rajan
Outgoing RBI Governor Raghuram Rajan, who has ruffled industry for his strident bid to get the bank balance-sheets cleaned up, on Tuesday admitted that the central bank should have carried out this exercise earlier.
Jul 26, 2016, 19:22 PM IST
Axis Bank Q1 profit dips 21% at Rs 1,556 crore
Private player Axis Bank on Friday reported 21 percent decline in net profit at Rs 1,555.5 crore for the first quarter of the current fiscal on account of rise in bad loans.
Jul 22, 2016, 18:05 PM IST
Kotak Mahindra Bank posts 4-fold jump in net profit in Q1
Kotak Mahindra Bank on Thursday reported almost four-fold jump in stand-alone net profit to Rs 741.97 crore in the first quarter ended on June 30, 2016.
Jul 21, 2016, 21:41 PM IST
HDFC Bank net profit surges 20%, bad loans edge up too
Second largest private sector lender HDFC Bank on Thursday reported a 20.2 per cent growth in net profit to Rs 3,239 crore for the three months to June on the back of a healthy rise in core net-interest income, even as the asset quality marginally worsened.
Jul 21, 2016, 16:31 PM IST
Banks can't get 'blanket relief' from CBI, CVC actions: Raghuram Rajan
Amid a clamour among bankers for immunity from action by agencies like CBI and CVC, Reserve Bank Governor Raghuram Rajan has disapproved of any "blanket sort of relief" but wants the decisions on loans given after appropriate due diligence to be protected.
Jul 17, 2016, 14:08 PM IST
PSBs' loan growth to remain muted at 9% till FY19: Report
Loan growth of state-run banks is likely to be remain at a low 9 percent over the next three years due to their limited availability of growth capital, warns a report.
Jul 14, 2016, 11:18 AM IST
NPA sales down to a trickle of just 2% of total bad loans
Notwithstanding rising bad loan problems in the system, sale of stressed assets to asset reconstruction companies (ARCs) in 2015-16 was only a trickle of the NPA mount at 2 per cent of the total of nearly Rs 5.8 trillion, which is down a whopping 20 percent from previous year, says a report.
Jul 07, 2016, 19:34 PM IST
Govt to make first round of capital infusion in PSBs soon
The Finance Ministry has finalised plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders within next few weeks.
Jul 04, 2016, 17:29 PM IST
Debt servicing ability of most large firms still weak: Report
Bloated credit profiles of corporates make their balance sheets vulnerable due to challenges from infrastructure, commodity meltdown and low consumption demand, leaving their interest coverage ability very weak, says a report.
Jul 03, 2016, 14:16 PM IST
This is how interest is calculated on credit card balance
Knowledge about how interest is calculated is an important approach towards using credit card more effectively.
Jul 02, 2016, 23:57 PM IST
Loan dues can be recovered from debtor's savings account: Madras High Court
If a debtor failed to settle the loan dues despite reminders from the bank, then the money could be recovered from his savings bank account, ruled the Madras High Court bench here on Saturday.
Jun 18, 2016, 17:23 PM IST
To tackle bad loans, RBI proposes formation of dual funds by banks
In order to tackle the burning problem of sticky loans and debt-heavy companies, Reserve Bank of India (RBI) has proposed formation of dual funds by banks which may help in solving the tricky situation.
Jun 04, 2016, 10:29 AM IST
Two years of Modi government: Key tasks yet to be fulfilled!
As Narendra Modi led National Democratic Alliance (NDA) government completes two years in office, we are evaluating the promises fulfilled and those still incomplete here.
May 26, 2016, 17:28 PM IST
Shocking: One-third of a bank stock you buy is going away as bad loan!
It's not hidden from anyone that the Indian banking sector is in a great mess. The earnings numbers from the 25 banks for FY16 have clearly shown that the scenario is not very encouraging.
May 16, 2016, 19:09 PM IST
NPAs may rise to 6.9% under severe stress scenario: Finance Ministry
Attributing mounting bad loans to economic sluggishness, Finance Ministry's annual report has said gross non-performing assets (GNPAs) of banks could soar to 6.9 per cent by March 2017 in a "severe stress scenario".
May 14, 2016, 18:43 PM IST
Top 50 defaulters of PSBs had exposure of Rs 1.21 lakh cr
The number of wilful defaulters of PSBs rose from 5,554 to 7,686 in three years to December 2015 while the amount involved more than doubled to Rs 66,190 crore from Rs 27,749 crore.
May 04, 2016, 11:08 AM IST
Banks should focus on recovering dues: Uday Kotak
Banks should focus on recovery rather than "going after borrowers", eminent banker Uday Kotak said on Saturday, a day after embattled tycoon Vijay Mallya remarked that arresting him will not help banks recover any money.
Apr 30, 2016, 20:45 PM IST
Banks should focus on recovering dues: Uday Kotak
Banks should focus on recovery rather than "going after borrowers", eminent banker Uday Kotak said on Saturday, a day after embattled tycoon Vijay Mallya remarked that arresting him will not help banks recover any money.
Apr 30, 2016, 20:45 PM IST
Bad debt: SC asks finance ministry to explain steps taken for recovering NPAs
SC has also asked the Finance Ministry to inform as to what safeguards it is bringing in to curb bad debt.
Apr 26, 2016, 13:34 PM IST