Jaitley said there was a need for the banking sector to fund infrastructure and manufacturing sectors to support the ambitions of higher growth.
In the same quarter a year before, most of them had reported a dismal performance.
'While we note the very strong cyclical recovery in the economy, we believe there is still uncertainty over medium-term prospects.'
The brokerage said the consolidated fiscal deficit, including that of the Union (3.6 per cent), the states (2.6 per cent) and the off-budget borrowings which are being resorted to increasingly is a worry.
Bankruptcy Code will consolidate existing laws related to liquidation and sick industries
The Arun Jaitley-led finance ministry reiterated banks should act tough on wilful defaulters.
Amid a rise in non-performing assets, most public sector banks have seen a substantial drop in their provision coverage ratio in the year since the reserve Bank of India (RBI) withdrew the 70 per cent provision coverage ratio norm.
The Sensex came under fag-end selling pressure to close in the red for the sixth straight session on Friday as risk-off sentiment prevailed amid unabated selling by foreign institutional investors and concerns over inflation. The 30-share BSE benchmark pared all intra-day gains and declined 136.69 points or 0.26 per cent to end at 52,793.62. During the day, it had rallied 855.4 points or 1.61 per cent to 53,785.71. On similar lines, the broader NSE Nifty dipped 25.85 points or 0.16 per cent to settle at 15,782.15.
After bumbling for years since 2014, the Modi government seems to believe that massive government expenditure will lead us to prosperity supported by 'seat-of-the-pants' decision-making, observes Debashis Basu.
Note ban hits sales and registration of new cars; states work online payments model to deal with cash crunch. Ajay Modi and T E Narasimhan report.
Monetary transmission has been an issue for the Indian banking sector.
The gross non-performing assets of public sector banks rose to 6.03% at the end of June.
Back home, the Nifty IT index - a gauge of the performance of the IT stocks on the National Stock Exchange (NSE) that has closely mirrored the performance of NASDAQ over the past few years - has lost nearly 2 per cent in CY23.
Sweeping reforms mooted; feedback open till Aug 27.
The move will have cascading effects for lot of related sectors
A bench headed by Chief Justice T S Thakur also sought a response on the question as to whether the recovery tribunals are equipped to decide the loan recovery cases within a fixed time frame, stipulated under the law.
Loan defaults and restructuring to limit profits.
According to a government reply in Lok Sabha, as on June 30, 2017, there were about 109,598 cases pending across debts recovery tribunals, with recovery dues of Rs 635,500 crore.
At a time when Manipur is burning, voices like Colonel Sapam's serve as a healing balm. 'These are voices that need to heard and their stories of peace and reconciliation must be retold -- over and over again.
Capital infusion of $30 bn over two years needed amid high dividend payouts and impairment ratios.
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Thakur, who also represented Shiv Sena in the Rajya Sabha, was 72.
Finance Minister Arun Jaitley sought parliament's approval on Friday to increase the spending budget for this fiscal year by $4 billion, with almost half to be used to inject extra capital into state banks struggling with bad loans.
Delhi Capitals will need their under-performing Indian batters to deliver when they take on the mighty and versatile Gujarat Titans in the IPL match in Ahmedabad on Tuesday.
Foreign Banks operating in India have outpaced domestic banks, both private and PSUs, in reducing the level of non-performing assets, a study has revealed.
The government holds stakes ranging from 56% to 84% in 27 state-run banks.
New SDR norms allow promoters to manage debt-laden firms.
The Central Bureau of Investigation has started a preliminary enquiry looking into the Rs 950 crore (Rs 9.5 billion) alleged bad loan given by IDBI Bank to Kingfisher Airlines ignoring the company's negative credit ratings and net worth.
2016 is difficult to predict, and this uncertainty will drive volatility in global markets.
The Nifty is up 6.5% in the last 12 months. The NSE IT Index is down 10% in the same period. But will the sentiment improve going ahead?
Usually, taking two wickets against a strong North Zone would leave any 17-year-old bowler with a wide smile. But Jotin Singh's smile had a tinge of nervousness.
The protesting wrestlers refrained from immersing their medals in the river Ganges after being convinced by Khap and farmer leaders who sought five days to address their grievances.
'Today, three areas give banks a big headache -- steel, power, infrastructure.' 'Three Cs are very critical in lending -- character, capacity and collateral of the borrower.'
'With 27 days to go, the total bank deposits has come tantalisingly close to the Rs 14 lakh crores of banned notes which was in the financial system on November 8.' 'Black money hoarders may have actually laundered their black money into white,' argues Rajeev Sharma.
Moody's expects that India will record the GDP growth of around 7.5 per cent in 2015 and 2016.
In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy
To further strengthen the supervision on non-banking entities (NBFCs), the Reserve Bank on Tuesday issued revised guidelines on a Prompt Corrective Action (PCA) framework for such companies, excluding government-owned ones, effective from October 1, 2022, on the lines of what it had introduced for banks in 2002. The RBI came up with stricter supervisory norms under the PCA framework for banks after their bad loans mounted and balance-sheets bled badly. This involved restricting them from fresh lending, brand opening and, hiring, among others. The RBI said the revised PCA framework is also applicable to all deposit-taking non-banking financial companies (NBFCs), all non-deposit taking NBFCs in the middle, upper and top layers, including investment and credit companies, core investment companies, infrastructure debt funds, infrastructure finance companies and microfinance institutions.
HDFC Bank Q4 net rises 21% to Rs 2,806.91 crore.
Mutual funds, bonds, PPFs, equity and real estate are some options which offer varying rates of return.
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