Insurer has also made fresh investments since December 2015 quarter when RBI told banks to recognise bad loans
Non-performing loans in the Chinese banking system stood at RMB 1.27 trillion at the end of 2015.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
Balanced funds are suitable for investors who have low-risk appetite or are new to equities.Those with more than seven-year investment horizon should look at funds that have higher equity exposure.
RBI Governor Raghuram Rajan asked banks to follow suit and pass on the rate cuts.
No major deals above the value of USD 300 million happened last month, causing the decline from January, which registered deals worth USD 3.5 billion, according to a report released by consultancy firm EY on Wednesday.
In his Budget speech, the finance minister said: "We propose to facilitate higher investment in affordable housing. Affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits."
They have also been accused of extending loans for criminal intent of falsification of repayment by a number of borrowers, including some entities associated with large corporate groups.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
The book, 'India Can', has received praises from top business leaders including Deepak Parekh and Nandan Nilekani.
Rise in crude oil price and rally in global equities aided the sentiment
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
The short answer, as usual, is I don't know. But this is what could happen in the next one year...
Mixed global cues and decline in crude oil prices further dent the sentiments.
'Should the government be in the business of running banks?' 'Particularly when it does not have the fiscal strength to continuously infuse capital into such banks?'
Financials emerged as the top gainers while auto shares rallied on robust September sales
The broader Nifty, after touching a high (intra-day) of 10,555.50 points, finished at 10,539.75, up 84.80 points, or 0.81 per cent.
Let all the stakeholders, especially the government, remember that if the Make in India lion needs to roar and rise again, it won't happen unless India Inc rises too, points out Shekaar Subramanian.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
IndusInd Bank, has recently launched www.themorestore.com only for its credit card and debit card holders
Stick to export-focussed plays, large-caps, say analysts
The principal challenge for Rajan's successor is to work with the Bank Board Bureau and the finance ministry to complete these processes of banking reform.
Forex dealers attributed the rupee's fall to increased demand for the US currency from importers and a lower opening in the domestic equity market.
Investors have turned cautious ahead of the policy meetings of central banks in Japan and the US
Banks and financial institutions provide 6-12 months of additional time, beyond which you need to negotiate.
The Sensex ended 229 points down at 27,602 and the Nifty ended down 63 points at 8,293.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
RIL has also appointed McKinsey senior advisor Adil Zainulbhai as independent director and Network 18 Media & Investments (NW18) former promoter Raghav Bhel as a non-executive director on the NW18 Board.
These are companies with a strong track record and good prospects on earnings.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
Sensex remained volatile through the day.
Over 75 per cent of the bank's Rs 175 crore NPA arises from Uttar Pradesh, Madhya Pradesh and Maharashtra.
Monday's steep fall turned Sensex's yearly returns to - 2.57%, but only two large-cap funds did worse.
Asian markets were trading mixed with shares in China witnessing profit taking after sharp gains in the previous session.
The crisis in Indian banking has now reached a point where the NPAs of many public-sector banks are higher than their net worth
Analysts refuse to read too much into the early birds numbers.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
Women are multitasking and management queens. The pointers here can easily be managed by all women along with juggling their current tasks at hand. Superheroes are fictional whereas superwomen are real. They are all around us!
At India Economic Convention organised by India Foundation, Parekh said the country needs $1 trillion in the 12th Plan of which 47 per cent was to come from private sector, but it has not happened in the first two years of the Plan period.
