Lead by PSBs, NPAs soar 34.5% in Q3; pain to linger on: Report

Feb 13 2018

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.

Potential stressed asset accounts on decline: Report

Feb 12 2018

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 NPAs decline marginally to 9.8 percent: Government

Feb 09 2018

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.

NRI deposits in Kerala increase by 12 per cent in 2016-17

Feb 08 2018

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 say Reserve Bank's policy status quo was anticipated

Feb 07 2018

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.

IMF welcomes fiscal budget targets set by Arun Jaitley

Feb 01 2018

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.

Banks to get Rs 5 lakh cr leeway via recapitalisation plan

Feb 01 2018

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".

Pvt investment to rise with NPA resolution, PSBs recap

Jan 29 2018

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.

Capital infusion credit positive for PSBs: S&P Global

Jan 25 2018

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.

Government to infuse over Rs 88K cr in 20 public banks

Jan 24 2018

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.

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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


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


Granted European GMP certification from Hungarian regulators for Mfg plant at Goa

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