'We focused on de-risking our balance sheet but we are very clear that the steps we have taken over the past few years, about changing the proportion of the loan mix, improving the ratings of the incremental portfolio, and reducing the concentration risks have now created a strong position that will allow us to attain growth with stability.'
Its registration is unusual because the firm appears twice in the RoC database, but different identification numbers.
Shareholder advisory companies are raising eyebrows at the ICICI Bank board not being aware of Firstland's investment in NuPower
'For the next three months or so, the market will go down.' 'Traders do not have Rs 100 notes.'
After sight-seeing the Taj Mahal in Agra and the Sabarmati Ashram in Ahmedabad, Canadian Prime Minister Justin Trudeau got down to work in Mumbai. He, along with his wife Sophie Gregoire Trudeau and three kids -- daughter Ella Grace and sons Hadrien and Xavier - arrived in the country's financial capital on Monday night. Here are snapshots from Day 3 of their visit.
Banks are clear that lending rates are not going to fall further, say Hamsini Karthik and Anup Roy.
An app by the bank lets customers carry out a slew of banking functions via the social media site.
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Business leaders met Manmohan Singh to discuss the problems facing the country.
Other private banks also planning to employ bots soon
Netanyahu will cap his hectic schedule by attending the 'Shalom Bollywood' event.
There's a long way to go before human beings are replaced by machines -- in banks at least.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
Industry asked the government to be 'brave and bold' and said that it will rise to the occasion.
Experts say the move will make matters worse for buyers, reports Karan Choudhury.
The bank's overall exposure to the 40 select accounts referred by the Reserve Bank to be resolved under bankruptcy laws is Rs 15,229 crore
Regulators and investigators around the world have access to sophisticated tools making it possible to detect white collar crimes. This is where Indian investigators and regulators have been found wanting, says Sudipto Dey.
With enough liquidity in the system, lending and deposit rates are likely to fall further
Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.
This was the companies' highest loss in two years.
'The government should refrain from 'adventurism' and 'megalomania'.' 'But this should be true of reckless government action against every Indian, whether or not they are wealthy or have access to the finance minister even when he is in hospital,' says Aakar Patel.
With the 50 bps rate cut now more banks are expected to reduce their base rate.
Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 per cent, while other banks including market leader SBI have indicated that they would follow suit.
SBI Chairperson Arundhati Bhattacharya said any rate cut by the bank would depend on a lot many factors.
If India grows at 8 per cent, the Indian banks will grow much faster.
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.
Bankers and economists agree rates will soften, though the quantum would depend on banks' asset-liability profile
Issues related with intellectual property rights, including piracy of films and software, figured prominently during the India-US CEO Forum in New Delhi attended by Prime Minister Narendra Modi and US President Barack Obama.
Slow credit off-take to put pressure on margins
Of the existing set of potential leaders, Bakhshi was clearly the only choice as he beat out other high-level candidates that included executive directors Anup Bagchi, Vishakha Mulye, NS Kannan, and Vijay Chandok who were lacking the all-round game that Bakhshi has.
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The minister, who will also be meeting foreign institutional investors whose money is key to funding CAD in the afternoon, did not speak to reporters waiting outside.
'When Pinnacle Trust bought the stake of Supreme Energy, it included a liability of Rs 640 million. The purchase was at a fair market value (prevailing price) of Rs 8.80 per share,' Deepak Kochhar said in a telephonic conversation with Business Standard.
Generally, the central bank grants its approval by mid-March, or latest by March 31, but most banks have not received RBI approval on bonus packages this year.
Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
RBI said the outlook for economic growth for 2016-17 has turned uncertain after the unexpected loss of momentum by 50 basis points in Q2 and the effects of the withdrawal of banned notes
Market leaders in this line of business - New India Assurance and Tata AIG - have begun to reassess the premium on risk exposure of their portfolio in the director's and officer's liability business.
Move comes after the country's monetary authority tightened credit norms
The meeting will focus on how to make the crisis an opportunity for India.
A glance back at some of the important ups and down Indian Inc faced in 2018.
As a result, the forecast of eight per cent retail inflation by January next year looks achievable.
Modi is the first Indian Prime Minister to attend Davos meeting in about 20 years since H D Deve Gowda in 1997.
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