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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...

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...

Wake-up call for FM Jaitley: Banking crisis deepens as PSBs' bad loans shoot through the roof

Feb 10, 2016 at 11:10 | Source: FirstPost

(This is an updated version of the analysis of Punjab National Bank earnings, adding other banks' numbers.)At least three public sector banks (PSBs), Central Bank of India, Allahabad Bank and Dena Bank posted huge losses in the October-December quart...

Wake-up call for Jaitley: Banking crisis deepens as PSBs'bad loans shoot through the roof for PSU banks signaling a deeper crisis; Its a wake up call for Jaitley to get his act right ahead of budget

Feb 10, 2016 at 08:34 | Source: FirstPost

Dinesh UnnikrishnanAt least three public sector banks (PSBs), Central Bank of India, Allahabad and Dena Bank posted huge losses in the October-December quarter on account of a sharp increase in bad loans, while Punjab National Bank (PNB), Indias seco...

At 11-year high, Punjab National Bank's bad loans indicate heightening crisis in banking

Feb 10, 2016 at 08:34 | Source: FirstPost

Punjab National Bank (PNB), Indias second largest state-run bank, logged gross non-performing assets (NPAs) of 8.47 per cent for the December-quarter. Bad loans are loans where recovery is overdue more than 90 days.This is the highest level of bad lo...

At 11-year high, Punjab National Bank's bad loans indicate heightening banking crisis

Feb 10, 2016 at 07:34 | Source: FirstPost

Punjab National Bank (PNB), Indias second largest state-run bank, logged gross non-performing assets (NPAs) of 8.47 per cent for the December-quarter. Bad loans are loans where recovery is overdue more than 90 days.This is the highest level of bad lo...

Punjab National Bank's Q3 bad loans hit 11-year high: More skeletons waiting to tumble out of the closet?

Feb 09, 2016 at 18:30 | Source: FirstPost

Punjab National Bank (PNB), Indias second largest state-run bank, logged gross non-performing assets (NPAs) of 8.47 per cent for the December-quarter. Bad loans are loans, where recovery is overdue more than 90 days.This is the highest level of bad l...

Punjab National Bank's bad loans at 11-year high: More skeletons waiting to tumble out of the closet?

Feb 09, 2016 at 17:08 | Source: FirstPost

Punjab National Bank (PNB), Indias second largest state-run bank, logged gross non-performing assets (NPAs) of 8.47 per cent for the December-quarter. Bad loans are loans, where recovery is overdue more than 90 days.This is the highest level of bad l...

India needs to remove impediments for implementing Make in India, GST, says Chanda Kochhar

Feb 08, 2016 at 16:18 | Source: FirstPost

India must remain focussed on executing various ambitious programmes like Make in India and strengthen institutional framework, top banker Chanda Kochhar has said while underlining that the implementation of these campaigns is going to be a "big...

Rajan reiterates his stance on cleaning up of banks' balance sheets

Feb 02, 2016 at 16:21 | Source: FirstPost

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: FirstPost

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...

Isn't it time we stopped thumping our chests for being "fastest-growing economy"? We are not

Jan 29, 2016 at 11:07 | Source: FirstPost

You can trust Raghuram Rajan, the Reserve Bank Governor, to prick any balloon of excess optimism when required. Even as the idea of India being the fastest-growing major economy in the world gets bandied about carelessly, especially by politicians wh...

Why ICICI Banks bad loan worries signal continuing pain for sarkari banks

Jan 28, 2016 at 18:40 | Source: FirstPost

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: FirstPost

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....

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...

Sensex gains more than 1 pct, snap three-day losing streak| Reuters

Jan 20, 2016 at 03:30 | Source: FirstPost

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...

Punita Sinha at Infosys: Why it's plain illogical to apply Caesars wife puritanism here

Jan 15, 2016 at 17:20 | Source: FirstPost

About six months ago, the Congress and other opposition parties made life difficult for the Narendra Modi government in general and its Foreign Minister Sushma Swaraj in particular on the specious ground that her husband Swaraj Kaushal appeared in co...

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