“I feel that there is tremendous amount of interest outside the banking space and that is again very important because the market is broadening, the sectors are broadening, the themes that are playing out a lot more and this is very important because this makes the longer-term trend much more solid and robust,” says Atul … Read more
In a bid to improve transparency, compliance the lending process further, the Reserve Bank of India (RBI) has reset norms for Non Banking Financial Company-Peer to Peer Lending Platforms (NBFC-P2P Lending Platform). The step has been initiated to take action in light of certain practices conducted by a few Peer-to-Peer (P2P) platforms that have been … Read more
K Satyanarayana Raju, MD & CEO, Canara Bank, says they have grown CASA at 5.05%, but in the current quarter whatever growth they targeted for deposits, the same growth they want reflected in the CASA also, so that CASA growth year-on-year at least will touch 8% while deposits will grow at 8-8.5%. Raju further said, … Read more
Mumbai: Union Bank of India has put on sale nonperforming assets (NPAs) worth ₹1,217 crore and the bank is looking to recover ₹1,012 crore, targeting 80% recovery on the sale of loans. The portfolio on sale comprises 16 accounts, including advances to Gammon India, Supertech Realty, Hotel Horizon, and ACCIL Corp. Prospective buyers have until … Read more
SBI Life Share Price 1413.95 03:58 PM | 17 Nov 2023 54.00(3.97%) HDFC LIFE INSURANCE Share Price 651.80 03:59 PM | 17 Nov 2023 16.85(2.65%) Apollo Hospitals Enterprises Share Price 5478.95 03:58 PM | 17 Nov 2023 140.20(2.63%) Larsen & Toubro Share Price 3109.00 03:59 PM | 17 Nov 2023 57.85(1.90%) Hero MotoCorp Share Price … Read more
For us, this culture about having low NPA is a fetish. Our trip in life is our gross NPA should never cross 2%, our net NPA should never cross 1%. We are working to that formula, says V Vaidyanathan, MD & CEO, You kept on working towards taking IDFC or Capital First to be an … Read more
Mumbai: In a move to beat JC Flowers, Cerberus Capital has struck a deal with an asset reconstruction company in the bitterly fought chase to grab ₹48,000 crore stressed assets of Yes Bank. Despite a higher offer, Cerberus lost out as it does not own an ARC- unlike JC Flowers, which operates an ARC. In … Read more
The gross non-performing asset (GNPA) ratio of scheduled commercial banks is likely to increase to 9.5 per cent in September 2022 from 6.9 per cent in September 2021 in a severe stress scenario, the Reserve Bank of India (RBI) said on Wednesday. “Macro stress tests for credit risk indicate that the gross non-performing asset (GNPA) … Read more
NEW DELHI: State-owned Bank of Baroda on Monday reported a standalone net loss of Rs 864 crore during the quarter ended June of the current fiscal year, due to higher provisions and contingencies. The bank had posted a net profit of Rs 710 crore in the same quarter a year ago. “On account of provisioning … Read more
A mistake from 2008 may return to haunt India’s economyIn all the 30 most severe credit boom episodes around the world, where credit in the economy grew at a speed faster than the economy itself for five years or so, GDP growth in the next five years halved in those countries. This includes Japan in … Read more