Rajan reiterates his stance on cleaning up of banks' balance sheets
Feb 02, 2016 at 16:21 | Source:
With lenders staring at huge loan losses on a review of top 150 defaulting accounts by Reserve Bank, its chief Raghuram Rajan today said the exercise is a part of a proactive clean-up process that will strengthen the system to serve the economy's nee...
Why Raghuram Rajan doesnt trust Indias GDP numbers
Jan 29, 2016 at 11:40 | Source:
Every other economist you talk to would caution you to take Indias GDP (gross domestic product) numbers with a pinch of salt. That has been so for a year since the Narendra Modi government introduced new measure to count the GDP (based on Gross Value...
Why ICICI Banks bad loan worries signal continuing pain for sarkari banks
Jan 28, 2016 at 18:40 | Source:
There is no major sign of relief for Indian banks yet when it comes to the bad loan pains. The December-quarter earnings of countrys second largest private lender by assets, ICICI Bank, signal this. And more importantly, what is in store for state-ru...
ICICI Bank Q3 net profit slips as bad loans surge
Jan 28, 2016 at 17:39 | Source:
Mumbai: Country's largest private sector lender ICICI Bank today reported 4.3 per cent decline in net profit to Rs 3,122 crore for the quarter ended December 31 on account of rising bad loans.The bank had posted a consolidated net profit of Rs 3,265....
Home loan growth at 6-year high aided by pick up in Tier 2 cities
Jan 28, 2016 at 12:16 | Source:
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...
Sensex gains more than 1 pct, snap three-day losing streak| Reuters
Jan 20, 2016 at 03:30 | Source:
MUMBAI Indian shares rose more than 1 percent on Tuesday, snapping a three-session losing streak as beaten-down banking and financial stocks and Reliance Industries recovered, while sentiment was also supported by hopes for stimulus measures in China...