Rush to offload bad loans indicates a revival in asset-sale market
Norms governing investments by provident funds bar these from depositing funds in a commercial bank in case the NPAs of that bank exceed two per cent of net advances.
SBI's overall gross NPA as on end-December 2013 was close to Rs 68,000 crore ( Rs 680 billion) or 5.73 per cent of its gross advances.
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Condusive climate across states is crucial for manufacturing growth.
The Sahara group's problems continue, with rating agency CARE cutting its 'BBB' ranking for Sahara Hospitality Ltd's (SHL) long-term bank facility to 'BBB-', due to sub-optimal financial and operational performance.
Currently, the West Asian banking group has three branches - in Mumbai, Hyderabad and Kochi.
The State Bank of India has proposed to the RBI to allow it to charge mark-to-market losses on its balance sheet.
NPAs, cost, fee income, productivity, HR reorientation are focus areas; schedules drawn for addressing all from weeks to a year.
Inflation moderates, but a rate cut is unlikely.
Bankers and executives involved in ATM operations said challenges abounded in this segment.
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
It's time to re-examine government's role as owner of banks,
At present, there is no cap on free transactions at own-bank ATMs, while customers can use other banks' machines up to five times a month without any extra cost.
Dividend payouts seem recession-proof.
Delays in returning money for disputed transactions have also come under RBI's scanner.
As Commerce and Industry Minister Anand Sharma ruled out any possibility of a compromise, whispers were already being heard of a possible collapse of the talks.
The consumer price index has been in double digits for much of the past year, and was 9.8 per cent in September.
Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
In January this year, with a view to cutting the subsidy on diesel, the government had decreed that all bulk users, such as the railways, state transport corporations, armed forces and all commercial establishments, would be charged the market price for diesel.
This is likely to put a brake on the fast pace at which Aadhaar cards have been issued so far to more than 400 million people.
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