Rush to offload bad loans indicates a revival in asset-sale market
Sebi's suggestions are good but investors should not become overconfident.
Without proper files, approaching the court isn't quite helpful.
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.
Financial advisors say, not to get carried away by stocks that promise high returns in short time.
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.
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Gold companies have started reducing production. This implies that gold prices will not go on a free fall anytime soon
Ironically, bad loans and non-performing assets are on the rise in public sector banks in India, say sector watchers.
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.
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
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.
Delays in returning money for disputed transactions have also come under RBI's scanner.
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With uncertainty looming large over Indian markets, retail investors can increase their exposure to US funds.
In January 2008, the Sensex hit then all-time high of 21,207 (closing high of 21,004 was achieved in November 2010).
Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
Department seeks investor database on the suspicion of fictitious investors.
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