The amount of loans that carry a high risk of slippage into the NPA category over the next few quarters is about Rs 2.8 trillion.
Loss takes analysts by surprise, as they were expecting the bank to post a net profit of Rs 19 billion.
Modi's 'UDAN' project faces fund crunch as too many airlines have come on board
It is also considering to hike FDI cap for public sector from 20 per cent to 49 per cent
Government believes privatisation would increase the airline's efficiency and make it profitable, enriching the value of the remaining stake with it.
The good news is that the government has taken notice of the pain and has formed a task force to improve operating procedure during foggy days.
While global majors like JetBlue, RyanAir, Southwest sell almost 90 per cent of their tickets through their own websites or apps, airlines in India have a minuscule share of around 25 per cent through direct channel booking.
State Bank of India (SBI) chairman Rajnish Kumar, in conversation with Abhijit Lele, also says that the overhang of corporate debt stress will begin to recede in the next two-three quarters.
An integrated team of 200 staff crunches data to minimise disruption for 149 planes, but airport infrastructure poses a challenge
Air Deccan, India's first low-cost airline that made flying affordable for the middle class, is relaunching its operations from December 23.
The airline would offer Re 1 ticket to a few passengers through a lucky draw as part of its promotional campaign.
Etihad, Emirates and Qatar Airways have combined hired more than 100 Indian pilots in the last six months.
Kharola leads from the front. As a team player, he also uses technology to improve processes whether it is training or assessing metrics, a key trait that would help to improve service quality of the national carrier.
The bank is also working on a three-year business plan, nearly coinciding with the time its new chairman Rajnish Kumar would be in the corner office.
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
The 15% invested every month in equity would be allotted to subscribers in the form of units.
Small Factories Act, Industrial Relations Code likely to be redrafted under pressure from Bharatiya Mazdoor Sangh
Daniel Wu, chairman of the Asian Bankers Association (ABA), says there is merit in merging some of the less efficient public sector banks in the country.
The revised structure will help to keep airfares down, when airlines already face a triple challenge of rising crude oil prices, rupee depreciation and constrained airport capacity.
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
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