United Bank's exposure to Kingfisher Airlines was around Rs 350 crore (Rs 3.50 billion)
NPA ratio declined to 3.4% of total loans outstanding, from 3.6% in the Jul-Sept quarter last year.
No new capacity addition is planned for 2018 and capital expenditure plans are on hold
India has achieved 100 per cent electrical connectivity, but 100 per cent electrification remains a long-drawn task, says Shreya Jai.
SBI Caps readies plan, identifies 4 assets; bankers say there are enough bidders.
The move will have cascading effects for lot of related sectors
UBS reiterated its Nifty target of 9,200 by December as it expects growth to gather steam
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
HDFC Equity, the largest equity fund, also managed by Prashant Jain, with a corpus of Rs 10,445 crore, has 9.4 per cent of its assets in SBI.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Kingfisher House is one of the prime real estates of the airline.
Liquidity pushed benchmark indices 22% higher to become the best performing equity market globally
With this subdued forecast, India is likely to record its worst growth performance since the 1991 liberalisation. However, it is among the only two major economies, which will register a positive growth rate in 2020. The other being China, for which the IMF has projected a growth rate of 1.2 per cent.
SBI remains a favourite of most brokerages in the PSB segment.
Asset quality stress has ballooned recently, as growth slowed and interest rates continued to rise.
The convertibility is RBI Governor's 'next big ambitious goal'.
Indian economy is expected to improve marginally in the current financial year with its GDP at market price projected to expand by 3.4 per cent from 3.3 per cent in the previous fiscal, think tank OECD said.
A glance back at some important events that occurred in 2018.
The one common theme across companies that have rewarded shareholders is consumption.
The Lok Sabha session was on Wednesday brought to a sudden end, two days before the scheduled culmination of the session during which the budgetary exercise was the highlight.
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
Strong MF investments, stemming of FII outflows and positive earnings in Q3 have helped market, say analysts.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
'No commercial bank will be allowed to fail. There is nothing to worry about.'
In her weekly column, mental health guru Anu Krishna offers advice on how to take charge of your life.
Growth has slowed in some of the large emerging economies, its interim economic assessment report added. "One factor has been a rise in global bond yields -- triggered in part by an expected scaling back of the US Federal Reserve's quantitative easing -- which has fuelled market instability and capital outflows in a number of major emerging economies, such as India and Indonesia.
The consumer durables segment declined by 23.4 per cent in June, as against a dip of 10.1 per cent a year ago.
'By not only decriminalising routine business failures, but by ensuring that institutional lending and corporate rescue frameworks are strengthened via the IBC, the prime minister has ensured there is no room anymore for the proverbial 'reckless, prodigal debtor',' notes Sanju Verma.
India's good fortune, experts in the US feel, is not the result of a fundamentally strong economy, but because it is the best of a bad set of options.
The CAD was brought under control in 2013-14 after government imposed restrictions on import of gold. Following, this in 2014, certain restrictions were withdrawn.
Modi government needs to focus more.
The court also allowed Indian Banks' Association, another respondent, to file a response.
Many macroeconomic forecasters have built predictive models on inflation, all of which highlight intense downward pressure on prices.
Indian economy is set for a 'goldilocks' period -- used to describe a timeframe of high growth and low inflation -- while it can become Asia's fastest growing economy in 2016, Japanese financial major Nomura said.
Although there are serious risks facing the US economy in the coming year, there is also a good chance that growth will be substantially stronger than it has been since before the recession began.
Saurabh Mukherjea, CEO, Ambit Capital, says he is advising clients to either take a genuinely long-term view on stocks or diversify the portfolio with stocks, bonds and gold for those with a short-term view.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
An additional lease rental of Rs 200 crore on nine Boeing 787 Dreamliners was the reason for ending in the red this quarter, Arindam Majumder reports from New Delhi.
Any government aid to the airline will ultimately hurt the economy
Without naming either the alleged kingpin of the fraud, billionaire jeweller Nirav Modi, or Punjab National Bank, Jaitley questioned the ethics of some businesses in the country and asked as to why the bank's internal and external auditors could not detect the fraud which had been going on for 7 long years.
