After showing a consistent rise in the previous 4 quarters, gross NPAs of 40 listed bank declined to Rs 10.03 trillion at the end of June 2018, from Rs 10.25 trillion in the previous quarter.
Harshala Chandorkar, chief operating officer, CIBIL, explains your rights and duties as a responsible consumer
It is baffling how the PM chose the LCH as an indigenous product to celebrate on Rashtriya Raksha Samarpan Parv, even while his Cabinet holds up manufacturing clearance for 15 LCHs on the grounds that they are not Indian enough.
Kerala floods take a toll on small businesses, NBFCs brace for losses
Leading stock exchange BSE has initiated a process of putting in place a new risk-based model for supervision of market entities including brokers, taking forward a new model proposed by regulator Sebi in this regard.
'There is a weak link between the economy and the stock market.'
PM has been regularly seeking people's inputs through mygov.in and his app, to assess the mood of the nation.
Currently, the five-year FTP aims to raise total exports to $900 billion but targets may be reduced
With NEFT, which drives the retail payments value, operationalised on a 24x7x365 basis, the country's payment systems landscape is headed for substantial growth.
'Several businesses like entertainment, hospitality, travel etc would never be the same again.'
The slowdown had been brewing since 2016 but was intensified further by several disruptions in the past two years including demonetisation.
Janmejaya Sinha lays down Urjit Patel's agenda - cleaning up bank balance sheets, evaluating robustness of CPI and pushing for digitisation in financial services.
Defence ministry incompetence hobbles development of battle-taxis for the Indian Army.
The new rules come into effect soon.
It does feel like we are close to the end of the rupee's rally, says Jamal Mecklai.
Seed and early-stage start-ups are high-risk businesses, rarely have collateral and only 1 in 10 of them makes it to becoming a viable company.
For banks, the package will limit the burden of provisioning for stressed loans. Besides, the proposed restructuring package for MSMEs with a credit of up to Rs 25 crore is expected to provide a breather to units from this sector.
In its letter Voda Idea has warned that it is not in a sound financial state, and added that it would be in a position to meet its liabilities only if the government initiates steps including allowing set-offs for GST credit accumulated so far, and permitting staggered mechanism for payment of balance amount of interest, penalty, and interest on penalty.
The government did not tell us why our economy had imploded. The prime minister simply stopped speaking on the subject, asserts Aakar Patel.
'A sustainable growth rate of 8 per cent is evidently some distance away,' says T N Ninan.
The Tata Nexon and Mahindra Marazzo ace the safety ratings, but what about other Made in India cars? How safe is the car you drive?
Anshu Malik is one of the four Indian woman wrestlers to have qualified for the Olympics
Returns for income earned till FY12-13 can be filed till March 31.
A paper authored by Rajan said, state-linked banks can be a first step in altering the ownership structure of some PSBs, where the government brings down its stakes to below 50 per cent, creating distance from operations of banks, and improving governance along the way.
The RBI's warnings signal its concern that unhedged firms could be a vulnerable link should global markets buckle.
The Securities and Exchange Board of India does not seem to have understood the enormity of what funds have been up to. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.But MFs decided to become lenders without the legal backing to secure themselves, or the skillset to assess lending risk. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.
To counter the pandemic, air transport was suspended from March 25 till May 24 which rendered zero traffic at AAI airports. Even after resumption of flights, traffic is yet to pick up at airports due to quarantine measures implemented by states and an overall fear of flying.
'Over the next two quarters, markets will be guided by observing the earnings resilience of corporates during the second lockdown, progress of the monsoon and the damage, if any, to rural spending power due to the second wave.'
Yogi Adityanath's aura is no longer limited to Uttar Pradesh. At the age of 49, his journey to the higher echelons in the BJP has well and truly begun, predicts Sudhir Bisht.
Loss takes analysts by surprise, as they were expecting the bank to post a net profit of Rs 19 billion.
Rahul Dravid says the just-concluded Sri Lanka series is an opportunity to reflect that not all wickets are going to be flat. 'We need to find ways to scrap and score 130, 140 on these wickets'
Former captain Sunil Gavaskar reminded Ravi Shastri that India had won Test series in West Indies and England, a day after the under-fire coach claimed his side has better overseas record than teams of the last 15-20 years.
A critical factor that can ensure easier and hassle-free access to home loans is keeping a watchful eye on your Credit Information Bureau India Ltd (CIBIL) Report and CIBIL TransUnion Score.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
Fitch said the full implications of Patel's resignation will only become clearer once there is some indication of the RBI's policy approach under his replacement, Shaktikanta Das
'The solution is to enable a graceful transfer of the deposit and funding 'franchise' from capital-deficient firms to capital-surplus firms.' 'This will expand credit intermediation, bring down its costs, and put the financial sector on a definite path of recovery,' argues former RBI deputy governor Viral Acharya.
'We will see footfall returning to pre-COVID levels by January.'
Pointing out that these recent measures are incremental rather than radical, Moody's said, these steps will sustain higher gross domestic product growth and address some of the constraints on the country's sovereign credit profile.
The legendary Sachin Tendulkar says the current England team is in complete awe of India's world-class seam attack with only its skipper Joe Root looking capable of getting a big hundred.
