This is the first time in the RBI's history that a governor is leaving without willing to renew his contract
According to RBI sources, some banks had extended credit to existing borrowers to repay their debt, known as evergreening of loans in banking parlance.
Sensex, Nifty end the day in red ahaead of F&O expiry.
The bank saw loans worth Rs 7,000 crore (Rs 70 billion) slipping into NPAs during the March quarter, taking the gross NPA ratio to 5.82 per cent.
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.
Data used for the graph and cited elsewhere in the column were obtained from various publications of the RBI.
RBI's status quo on rates disappoints economists.
The bank will have around 501 branches.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
Invest 5 to 10 per cent in a banking sector fund. Ensure that mutual fund's portfolio includes all three players -- private sector banks, public sector banks and NBFCs.
Year 2017 will be a benign year for FII flows into India feels Akash Singhania, deputy chief investment officer, DHFL Pramerica Asset Managers.
As it stands, there does not seem to be a threat to prices.
The economy is projected to clock 7.4 per cent growth.
Metals bucked the trend and shone across the board.
A report stated that despite initial setbacks from demonetisation and Goods and Services Tax, "all in all" the Indian economy has done well.
'I have very little faith in economists who tell me that demonetisation will reduce growth.' 'The greater effect of demonetisation is if it creates changes in the financial services system and gets people to shift from cash.' 'The economy is not a trained monkey that will jump around if you lower rates.'
Governor Rajan stressed on the benefits over a medium-term.
The banking sector is set to move at a fast pace from hereon.
GST stabilisation, DTC implementation and banking reforms are crucial for sustaining high growth for a long period, says Rashesh Shah.
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
SBI has been reeling under a mountain of bad loans for the past few years as the key sectors in the economy are faltering.
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.
The BSE Mid-and Small-cap indices outperformed their larger peers rising 72 per cent and 52 per cent, respectively, during Samvat 2070.
If the Modi government is going to set new benchmarks of performance, don't expect the majority of his dozen-odd ministers-who-matter with economic portfolios to be making the difference, says T N Ninan.
Price correction over post-election peaks could throw disinvestment calculations awry.
Mulls ways to improve the bank's earnings, cut bad loans and step up credit recovery efforts
Software firm dismisses charge, says Finacle has proven ability.
Don't get carried away by the current rally; be picky and take a stock-specific approach.
The Reserve Bank on Thursday said the macroeconomic risks to the Indian economy have increased over the last six months due to the fall in growth, external sector developments and subdued performance of the corporate sector.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
The bank lost out on fairly meaningful quantum of fees from point of sale terminals and ATM usage during the demonetisation exercise.
Thanks to Rajan we are an inflation-targeting country now
The rupee fell to a two-year low of 64.84 against the US dollar.
The reason is believed to be a 19% increase in interest cost.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
'The Street is divided on when we could recover from demonetisation.' 'The government believes it is a pain at best for two quarters.' 'Some analysts feel the impact could be felt for two-three quarters and some that it could last for 12 to 15 months.' 'Investors are stuck in a no-action zone.'
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
P Chidambaram said to be able to play a meaningful role in the global governance, the G-20 agenda should be sharper and focused only on those issues on which it can make a distinctive contribution, particularly, on economic and financial matters.
Markets under pressure; IT financials grab spotlight.
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
