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Cost of the mayhem: Market crash burns a Rs 3.13 lakh cr hole in investors' pockets

Feb 12, 2016 at 10:23 | Source: FirstPost

In a massive fall that engulfed the world equity markets, Indian shares mirrored the bearish sentiment mainly battered by continuing concerns about a global economic slowdown and disappointing quarterly earnings from the PSU banking entities.With cur...

There is a good news in rising bank NPAs and for that Rajan should get the credit

Feb 12, 2016 at 08:41 | Source: FirstPost

The spike in bad loans reported by state-run banks, including State Bank of India (SBI) in the December quarter, has sent panic waves in the stock market.Shares of most of the government banks have been dumped by investors as reports of high non-perf...

Market crash burns a Rs 3.13 lakh cr hole in investors' pockets

Feb 12, 2016 at 08:00 | Source: FirstPost

In a massive fall that engulfed the world equity markets, Indian shares mirrored the bearish sentiment mainly battered by continuing concerns about a global economic slowdown and disappointing quarterly earnings from the PSU banking entities.With cur...

Nifty ends below 7,000, Sensex slumps more than 3 percent| Reuters

Feb 12, 2016 at 04:15 | Source: FirstPost

MUMBAI The NSE Nifty fell 3.4 percent on Thursday to the lowest since May 2014, its biggest daily fall in nearly six months as fears of a slowdown in the global economy hammered markets worldwide.The Nifty ended at 6,976.35, below the psychologically...

RBI chief Rajan says banks will be restored to health| Reuters

Feb 12, 2016 at 01:15 | Source: FirstPost

MUMBAI Reserve Bank of India Governor Raghuram Rajan on Thursday said central bank and government efforts to clean up banks' balance sheets would be successful, and warned analysts against "scare-mongering" about the level of stressed asset...

State Bank of India's profit down 67%, bad loans bulge 28% on quarter

Feb 11, 2016 at 18:20 | Source: FirstPost

Mumbai: State Bank of India today posted 67 per cent decline in consolidated profit to Rs 1,259.49 crore for the third quarter ended December 31, 2015-16, on account of higher provisioning for bad loans.The SBI Group had registered a net profit of Rs...

Market crash: Rs 3.13 lakh cr wealth wiped out as Sensex falls 807 pts on global woes, weak banks

Feb 11, 2016 at 18:18 | Source: FirstPost

In a massive fall that engulfed the world equity markets, Indian shares mirrored the bearish sentiment mainly battered by continuing concerns about a global economic slowdown and disappointing quarterly earnings from the PSU banking entities.With cur...

Bloodbath: Rs 3.13 lakh cr wealth wiped out as Sensex falls 807 pts on global woes, weak banks

Feb 11, 2016 at 17:23 | Source: FirstPost

In a massive fall that engulfed the world equity markets, Indian shares mirrored the bearish sentiment mainly battered by continuing concerns about a global economic slowdown and disappointing quarterly earnings from the PSU banking entities.With cur...

Good news in bad loans: From SBI to PNB, banks are aggresively revealing their NPAs and credit goes to Rajan

Feb 11, 2016 at 17:04 | Source: FirstPost

The spike in bad loans reported by state-run banks, including State Bank of India (SBI) in the December quarter, has sent panic waves in the stock market.Shares of most of the government banks have been dumped by investors as reports of high non-perf...

SBI profit down 67%, bad loans bulge 28% on quarter

Feb 11, 2016 at 14:14 | Source: FirstPost

Mumbai: State Bank of India today posted 67 per cent decline in consolidated profit to Rs 1,259.49 crore for the third quarter ended December 31, 2015-16, on account of higher provisioning for bad loans.The SBI Group had registered a net profit of Rs...

Sensex ends 1 percent lower to close at May 2014 lows| Reuters

Feb 11, 2016 at 06:15 | Source: FirstPost

Indian stocks fell more than 1 percent for a third consecutive session on Wednesday, pushing indexes to their lowest since May 2014 as state-run lenders were hit hard by a slew of earnings that showed a spike in bad loans and provisions for sour debt...

Explained in 5 charts: How Indian banks' big NPA problem evolved over years

Feb 10, 2016 at 16:39 | Source: FirstPost

By Dinesh Unnikrishnan and Kishor KadamThe writing was on the wall; just that no one wanted to acknowledge it. The bad loan crisis that has gripped Indias Rs 95 trillion banking sector didnt happen overnight.For years, Indian lenders, especially stat...

Here is the catch in SBIs new home loan scheme for youngsters

Feb 03, 2016 at 15:09 | Source: FirstPost

State Bank of India (SBI), the countrys largest lender, has announced a home loan scheme -- SBI FlexiPay Home Loan -- under which the customer needs to pay only the interest component in the initial few years, thereby enabling salaried class get a hi...

Why UDAY, 7th Pay Commission are ticking time bombs on states' finances

Jan 30, 2016 at 12:07 | Source: FirstPost

As debate continues to rage on whether or not the central government should ease its fiscal deficit target to give the economy a booster shot by pushing public expenditure, little attention is being paid to another issue with hefty implications for m...

Why UDAY, 7th pay commission are ticking time bombs on states finances

Jan 29, 2016 at 18:33 | Source: FirstPost

As debate continues to rage on whether or not the central government should ease its fiscal deficit target to give the economy a booster shot by pushing public expenditure, little attention is being paid to another issue with hefty implications for m...

Ahead of budget, Jaitley and Gadkari simplify road projects; 10,000 km target by year-end

Jan 29, 2016 at 04:30 | Source: FirstPost

New Delhi: The Central government said on Thursday it plans to award a total of 10,000 km of road projects by the end of the current fiscal, while 19 stalled highway projects involving blocked investment of around Rs.40,000 crore are to be resolved b...

Better jobs, income boosting home loan demand from small cities; banks buck corporate slowdown

Jan 28, 2016 at 14:20 | Source: FirstPost

Mumbai/Delhi: India's banks, struggling to boost mainstay corporate loans, are finding a bright spot in a home-buying spree in the country's towns that has driven mortgage-loan growth to the fastest rate in at least six years.Top lender State Bank of...

Home loan growth at 6-year high aided by pick up in Tier 2 cities

Jan 28, 2016 at 12:16 | Source: FirstPost

Mumbai/Delhi: India's banks, struggling to boost mainstay corporate loans, are finding a bright spot in a home-buying spree in the country's towns that has driven mortgage-loan growth to the fastest rate in at least six years.Top lender State Bank of...

Mortgages offer silver lining for India's banks as corporate loans languish

Jan 28, 2016 at 12:00 | Source: FirstPost

Mumbai/Delhi: India's banks, struggling to boost mainstay corporate loans, are finding a bright spot in a home-buying spree in the country's towns that has driven mortgage-loan growth to the fastest rate in at least six years.Top lender State Bank of...

Rajan Vs Mallya: Why PM Modi should be more than a mute spectator in battle vs cronies

Jan 25, 2016 at 11:57 | Source: FirstPost

At Davos, Switzerland, RBI governor Raghuram Rajans battle cry on politically connected crony capitalists, who have taken Indian banks for a ride for long, was precise on the target.If you flaunt your birthday bashes even while owing the system a lot...

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