Dec 17, 2019 12:26 PM IST
Merger related costs would reflect in Q3 and Q4 FY20, and banks thus expect another round of capital infusion after consolidation
- Dec 13, 2019 01:54 PM IST
The spillover of stress among NBFCs to borrowers, and ultimately to banks, will hinder improvements in banks' asset quality, profitability and capital, which is credit negative, says a report by Moody's on Friday.
- Dec 13, 2019 10:37 AM IST
By 0425 GMT, the partially convertible rupee was at 70.61 per dollar. Earlier in the session, the rupee touched 70.51, its strongest level since Sept. 30. The currency closed at 70.83 on Thursday.
- Dec 13, 2019 09:27 AM IST
Even though a sizable chunk of NBFC loans falls under the BBB+ category, the quality of these loans is doubtful
- Dec 06, 2019 11:40 AM IST
The report's release comes as world leaders met this week in Madrid for a 12-day UN climate summit, where they are expected to hammer out some of the details of the 2015 Paris agreement.
- Nov 28, 2019 12:35 PM IST
The government has also asked the central bank to consider a one time waiver to banks from classifying some real estate loans as bad loans, the government official, who declined to be named, said.
- Nov 28, 2019 10:45 AM IST
Geared towards non-farm income-generating activities, lack of due diligence and poor monitoring of these loans is the latest worry for the already stressed banking sector.
- Nov 27, 2019 03:26 PM IST
"The government has till date not received any notice for a nationwide strike on 8th January, 2020," he said.
- Nov 27, 2019 12:58 PM IST
Fintech start-ups charge higher interest than banks. Also, these education loans from banks are eligible for tax benefit.
- Nov 25, 2019 01:48 PM IST
The government recently empowered RBI to refer stressed NBFCs and HFCs with assets worth of at least Rs 500 crore to insolvency courts after notifying Section 227 of the Insolvency and Bankruptcy Code.
- Nov 21, 2019 03:11 PM IST
In August, the government announced its plan to merge 10 public sector lenders into four to create fewer and stronger global-sized banks.
- Nov 11, 2019 12:46 PM IST
As long as Nifty50 is trading below its previous highs we should take profit in cyclical sectors and buying should be done only in defensive sectors. In the worst-case scenerio, we see the Nifty50 falling to 11,830, 11,770 and 11,720 zones.
- Nov 11, 2019 12:22 PM IST
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- Nov 08, 2019 07:37 PM IST
BMS general secretary Vrijesh Upadhya was addressing a press conference to announce celebrations beginning November 10 for the birth centenary of Dattopant Thengdi, an economic thinker and founder of the BMS, Swadeshi Jagran Manch and Kisan Sangh. RSS chief Mohan Bhagwat will be the chief guest on the occasion, he said.
- Nov 08, 2019 01:10 PM IST
The write-offs illustrate the urgent problem of bad loans as borrowers struggle to service, let alone pay-off, their debt in a stuttering economy.
- Nov 05, 2019 08:56 AM IST
NBFC consumer lending data show 45 percent of origination is from the ‘below prime’ segment
- Nov 01, 2019 09:10 AM IST
Customers, especially senior citizens, must take several precautions while taking out cash from their bank accounts
- Oct 31, 2019 02:27 PM IST
Along with restricting inter-corporate loans, the government should also put an end to the practice of omnibus objects clauses
- Oct 30, 2019 09:19 AM IST
In many cases, pledged shares have been reduced because of compulsion, not due to improved company fundamentals
- Oct 25, 2019 06:03 PM IST
For the principal activity of lending, banks earn a spread, which is the difference between the cost at which they borrow funds and then lend it to their customers.
- Oct 25, 2019 03:51 PM IST
The gift packages will consist of sweets, dry fruits, and chocolates, as these PSBs’ competent authorities have issued directions against monetary gifts
- Oct 25, 2019 03:03 PM IST
Here are a few schemes on offer by State Bank of India (SBI), HDFC Bank and ICICI Bank
- Oct 23, 2019 10:33 AM IST
The risk is high especially from the real estate sector where credit from NBFCs has been choked off. Starved of liquidity, builders are struggling to pay their non-bank lenders, who in turn are defaulting on their dues to banks.
- Oct 22, 2019 12:11 PM IST
The biggest challenge traditional financial institutions face comes from fin-tech startups and Silicon Valley giants
- Oct 22, 2019 08:35 AM IST
"The membership of our bank employees in unions participating in strike is very few, so the impact of strike on Banks operation will be minimal," SBI said in a filing to stock exchanges last week.