The issue of impaired assets may be far from over for the banking system as gross non- performing assets have grown by 34.5 percent in the Dec quarter, says a report.
The bad loan situation appears to be improving for private as well as PSBs as the pipeline of accounts that may turn into stressed assets is shrinking, says a report.
Gross non-performing assets (NPAs) of banks declined marginally to 9.8 percent at the end of September 30 over the previous quarter, government said.
The inflow of NRI deposits to Kerala increased by 12 percent during 2016-17 and stood at Rs 1,52,348 crore as March 2017.
Bankers said they anticipated status quo in RBI policy but expect its positive impact on bond market as inflation is likely to ease in the second half of the next fiscal.
The IMF welcomed the fiscal targets set by Jaitley in budget proposals and noted that the economic survey released this wk strikes a good balance with realistic forecast.
Arun Jaitley said PSBs will get an additional leeway of Rs 5 lakh cr because of the govt's Rs 2.11 lakh crore recap plan coupled with the "ambitious reforms agenda".
Private investment seem poised to rebound with efforts being made for expeditious resolution of bad loans and adequate recapitalisation of PSBs, the Economic Survey said.
The latest infusion of capital in the state-run banks by the govt is credit positive but lenders also need to improve efficiency and put better risk management practices.
The government announced Rs 88,139 crore capital infusion in 20 public sector banks (PSBs) during the current fiscal, with IDBI Bank getting the most Rs 10,610 crore.
US dollar ends higher against rupee
Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.
Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.21/22 US Dollar Rs 63.9097 Pound Sterling 90.34/36 Euro Rs 80.1683 Euro 80.18/20 Japanese Yen (100) 60.50/52
Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors
Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share
MAHINDRA & MAHINDRA
To invest in Zoomcar India, Zoomcar Inc, U.S.
To invest Rs 176 cr in Zoomcar India
Initial investment in Zoomcar India likely to be completed by Feb 20
Additional investment in Zoomcar India expected to be completed by Aug 31
Co’s stake to increase to 16%
RBI inspection had found diversion of funds within group firms
Funds to the tune of Rs 525 cr given to intermediary borrowing cos
Religare Finvest increased corporate loan book against RBI’s directions
RBI has asked for clarity on rollover of fixed deposits with a bank
Findings suggested continued weakness of internal controls
Economic Times Reports
SC Allows Sale Of Fortis Health Shares Pledged With Lenders
SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis
Earlier, SC had restrained financial institutions from selling pledged shares
Business Standard Reports
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