The problem is actually acute in the diamond jewellery industry where there is no uniform criteria of inventory valuation unlike gold, whose prices are uniform and widely quoted.
The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved
Experts said the new framework has ensured that the focus has moved to creditor protection from debtor protection.
Banks given 180-day time for NPA resolution, matter to be referred to Insolvency Board within 15 days.
Banks argued that loans of most lenders are funded primarily by retail deposits and not from the wholesale market as was the practice abroad
The benchmark Sensex companies' underlying earnings per share are down 3 per cent (on a cumulative basis) since January 2015, against 25 per cent rise in the index value during the period
Crude oil prices have more than doubled, pushing up India's import bill and raising fears of a higher current account and fiscal deficit. This will impact corporate earnings.
Foreign banks were ahead in terms of technology, but that is no longer the case as Indian private banks steal the innovation march.
Instead of a rate hike, or even a pause, there could be a window for the RBI for an interest rate cut
Growth impulses, while improving, remain fragile, and a rate hike will be disruptive to interest costs.
Loans, cash credits, and overdrafts at the end of December 22, 2017, stood at Rs 81,287.32 billion, against Rs 73,340 billion in the year-ago period.
M-Cap of top 10 business groups went up by 46% this year.
Banks might not have realised the exact implication of risky projects under PPP projects, which were getting implemented under high leverage
While RBI's foreign exchange reserves have swelled to over $400 billion, it has a 'sell' position of $981 billion.
Earnings spread for foreign investors down to 10-year low of 1.1 per cent, from 2 per cent at the beginning of the year and record high of nearly 5 per cent in 2013
Will the Financial Resolution and Deposit Insurance Bill endanger our bank deposits?
K C Chakrabarty, former deputy governor, RBI, talks to Anup Roy on issues in the new bankruptcy law and rules.
The decline is attributed to lower salary growth and a rise in households' financial liabilities.
There's a long way to go before human beings are replaced by machines -- in banks at least.
Foreign banks had 317 branches in 2015-16; it has reduced to 286. In the same period, employee strength came down from 26,642 to 24,766.
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