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  • See slowdown in addition of NPLs for banks in FY16: Moody‘s

    The worst is over for the Indian banking sector is the word coming in from global rating agency Moody's Investor Service. The agency believes there will be a sharp slowdown in the addition of stressed assets in FY16, helped by an improvement in the macroeconomic environment.

  • May have provisions of Rs 2500 cr in Q2: IDFC

    May have provisions of Rs 2500 cr in Q2: IDFC

    The reason why we are creating incremental Rs 2,500 crore provision is because as we transition to a bank, we want to make sure that the bank‘s balance sheet is completely protected against known risks, said Vikram Limaye, MD & CEO, IDFC.

  • To remain buyer in M&M Fin despite poor Q3: Religare Cap

    To remain buyer in M&M Fin despite poor Q3: Religare Cap

    Mahindra and Mahindra Financial Services reported poor set of earnings in the quarter ended December 2013. Standalone profit after tax of the non-banking finance company fell 18 percent year-on-year to Rs 164 crore dented by higher provisions indicating stress on asset quality.

  • Best to stay with pharma, IT, consumer stocks now: Religare

    Best to stay with pharma, IT, consumer stocks now: Religare

    Given the amount of foreign funds that Japan has attracted year-to-date, the market should have not been totally surprised by the fall seen on Thursday.

  • See non performing loans stabilising for PSU banks: Bhoumik

    See non performing loans stabilising for PSU banks: Bhoumik

    Ananda Bhoumik, India Ratings & Research is of the view that the NPL for PSU banks may see a peak in March or June and then a gradual reduction thereafter.

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