bad loans, public sector banks, govt banks, bad debt govt banks, govt banks PCR, govt banks npa, business news, india news, latest news
February 13, 2016 4:59 am

None of the 20 government banks meet RBI norm of 70 per cent provisioning coverage ratio

chennai housing 480
February 13, 2016 3:09 am

Showing their faith in India’s economic growth after a long time after the global financial crisis the corporate occupiers also have been in an expansion mode Chennai.

real estate, real estate bill, union budget 2016, 2016 budget, arun jaitley, home loans, tax deduction 2016 budget tax deduction, business news, india news
February 13, 2016 2:59 am

While finance minister had raised the deduction limit on account of interest component of the home from Rs 1.5 lakh to Rs 2 lakh in last Union Budget, the industry is calling for a (further) hike in the deduction limit in order to spur housing demand.

idbi, idbi bank, idbi npa, idbi bad loans, idbi bad debt, public sector banks, india public banks bad loan, business news, india news
February 13, 2016 2:45 am

IDBI Bank’s gross NPAs increased to 8.94 per cent (Rs 19,615 crore) from 5.94 per cent (Rs 12,140 crore) in the year-ago quarter.

india, india manufacturing units, india manufacturing sector, industrial production dips, india news, business news, latest news
February 13, 2016 2:37 am

During April-December, the industrial output has grown 3.1 per cent compared with 2.6 per cent a year ago.

arun jaitley, public banks, public sector banks, bad loan, public banks bad load, bad debt public banks, bank write offs, business news, economy news, india news
February 13, 2016 2:21 am

After writing off Rs 53,100 crore in the 2014-15, banks are expected to write off another Rs 52,227 crore this year, as per data from India Ratings.

kingfisher, vijay mallya, kingfisher loan recovery, kingfisher airlines, kingfisher house auction, business news, india news, latest news
February 13, 2016 2:04 am

SBICAP keeps reserve price of `150 crore; ‘Mallya owes banks over Rs. 6,963 cr’

Greece, Greece banks, Greece banks closure, India, Indian economy, Indian central bank, India Finance secretary, Finance Secretary Rajiv Mehrishi, Greece protests, Greece economy, Greece ATM limits, Greece limits withdrawals, Greece ATM withdrawals, Greece banks shut, European central bank, Greece loans, economy Greece, economy news, indian express news
February 13, 2016 2:11 am

Both the indexes recorded their biggest weekly fall since July 2009 with the Sensex falling 1,630.85 points or 6.62 per cent and Nifty down 508.15 points or 6.78 per cent.

inflation, india inflation, Retail inflation, Consumer Price Index, CPI, food inflation, food prices, price rise, Consumer Food Price Index, CFPI
February 12, 2016 8:49 pm

Retail inflation, as measured by the Consumer Price Index (CPI), stood at 5.61 per cent in December 2015 and 5.19 per cent in January 2015.

finance ministry, union budget, budget 2016, public opinion on budget, twitter, opinion on twitter, finance ministry, arun jaitley, indian express editorial
February 12, 2016 3:34 pm

The benchmark BSE Sensex, which crashed by massive 807.7 points on Thursday on global cues, was trading up around 100 points in the pre-close session on Friday.

insurance, india insurance plans, insurance policy 2016, india insurance law, insurance bill 2015, india news, latest news
February 12, 2016 3:56 am

With a host of reforms steadying the ship in 2015, the sector seems well placed for a better year ahead

bse, bombay stock exchange, sensex, sensex crash, nifty, market news, sensex news, business news, india news, latest news
February 12, 2016 3:45 am

The BSE Sensex has witnessed a 23% fall in the past 11 months. However, experts believe that investors should stay put through this period of mayhem while new investors should look at new opportunities to enter the market

Raghuram rajan, RBI, reserve bank of india, NPA, bad loan, assets, PSU banks, budget 2016, 1.14 lack crore loan, business news
February 12, 2016 9:19 am

NPAs largely a governance issue, not ownership: RBI Dy Governor Mundra

National Spot Exchange Ltd, NSEL, sebi, nsel sebi, business news, india news, latest news
February 12, 2016 2:42 am

"The Economic Offences Wing of Mumbai Police has secured property worth Rs 6,375 crore under the Maharashtra Protection of Interest of Depositors Act (MPIDA)," the statement said.

wipro, HealthPlan Services, US HealthPlan Services, wipro HealthPlan Services deal, business news, india news
February 12, 2016 2:40 am

The partnership with HealthPlan Services positions Wipro to participate in the shift of the US health insurance industry towards a consumer-centric business model.

interest rate, Shaktikanta Das, bank interest rate, repo rate, RBI, RBI cut rate, business news, india news
February 12, 2016 2:31 am

Interest rates on small savings scheme, which are linked to government securities’ interest rates, will be reviewed quarterly starting April 1, as opposed to yearly readjustment at present, Das said.

bad loan, small industries, micro industries, npa, public sector banks npa, bank write offs, banking news, business news
February 12, 2016 2:26 am

Since 2012-13, proportion of stressed assets for large and medium corporates have been on a rise and they jumped from 36 per cent in March 2013 to 50 per cent by March-end 2015.

SBI, State bank of india, state bank interest rate
February 12, 2016 2:21 am

Hit by a sharp rise in non-performing assets (NPAs) and higher provisioning, six public sector banks led by State Bank of India (SBI) have reported a sharp fall in their profits for the quarter ended December 2015. SBI posted a 61.67 per cent fall in the third quarter standalone profit to Rs 1,115 crore, its […]

LPG, LPG subsidy, LPG subsidy cap, LPG cylinder subsidy, cooking gas, cooking gas subsidy, cooking gas subsidy cap, india news, latest news
February 12, 2016 2:15 am

With 20.26 lakh income tax payers earning Rs 10 lakh plus and LPG subsidy reduced to Rs 18 per kg, FinMin estimates that it would not save much revenue during rest of FY16

Brokers said persistent selling by participants, tracking a weak trend at Asian markets where Hong Kong stocks plunged 4 per cent to three-year low today, leading another sell-off across Asian markets and extending a global rout.
February 12, 2016 2:17 am

In a bloody carnage on Dalal Street, market benchmark Sensex plunged by 807.07 points today, its biggest fall in six months, to settle below 23,000-level after 21 months as fears of a global slowdown and disappointing quarterly numbers combined to batter investor sentiment.

Bottles of Coca Cola are seen in a store display in New York in this February 9, 2010 file photo. REUTERS/Lucas Jackson/Files
February 11, 2016 11:48 am

Coca Cola India's bottling arm Hindustan Coca Cola Beverages has suspended manufacturing at three locations in India citing absence of "long-term economic viability"

indian overseas bank, iob, iob loans, loan iob, iob fy15 loses, iob fiscal los, business news, banking news, india news, latest news
February 11, 2016 2:26 am

IOB’s net interest margin of the bank declined to 1.93 per cent in the December quarter. Total business of the bank stood at Rs 4.10 lakh crore at the end of third quarter of the current fiscal.

psu, public sector bank, crisil, psbs crisil, psbs asset, fy16, business news, india news, latest news
February 11, 2016 2:21 am

In past 18 months, CRISIL has either downgraded or revised its outlook to ‘Negative’ on nine out of the 25 PSBs that it rates

budget 2016, union budget 2016, total tax collection, tax collection estimate, fy15 tax collection, direct tax, indirect tax, income tax, india news, business news, latest news,
February 11, 2016 2:10 am

‘Collection likely to exceed by about `40,000 crore in FY16’

mukesh bansal, flipkart,mukesh bansal flipkart resignation, mukesh bansal leave flipkart, myntra mukesh bansal, flipkart news, myntra, idnia news, business news, latest news
February 11, 2016 1:57 am

Mukesh Bansal, Flipkart’s head of commerce and founder of Myntra, resigned on Wednesday. Ankit Nagori, the chief business officer at Flipkart, also quit. The moves come soon after Binny Bansal co-founder was made chief executive officer and Sachin Bansal elevated to the role of executive chairman. While Mukesh will continue with Flipkart for the next […]

sensex and nifty
February 11, 2016 2:15 am

SBI fell by 4.82% to Rs.158.95 ahead of its results; BSE banking index fell by 2.04% on Wednesday

duty benefits, MEIS, exports duty, Indian export organisation, business news
February 10, 2016 2:09 am

To also seek a similar pact on services which should interest developing nations.

pnb
February 10, 2016 1:56 am

Bank’s net profit stood at Rs 774.56 cr in the year-ago period; stocks decline 6.89% on Tuesday.

sensex, india sensex rise, india market news, business news, sensex points, sensex today, india news, latest news
February 10, 2016 1:58 am

The FII investment sentiment continued to remain weak and they pulled out a net of Rs 680.7 crore from the Indian equities on Tuesday.

IPO_480
February 9, 2016 2:46 pm

Quick Heal plans to raise close to Rs 450 crore through the public issue, calculations based on the upper price band of the issue showed

finance ministry, union budget, budget 2016, public opinion on budget, twitter, opinion on twitter, finance ministry, arun jaitley, indian express editorial
February 9, 2016 8:37 am

Subramanian & team back investment boost, Rajan-led economists caution

auto-small
February 9, 2016 3:26 am

With India emerging as one of the world’s largest auto markets — with annual sales of 19.8 million vehicles in FY15 — the auto industry is set to become the engine of the government’s ‘Make in India’ initiative, according to an EY report.

insurance, insurance deficiency, insurance agency, chandigarh news
February 9, 2016 3:00 am

Dattatraya said that medical ambulances will be launched for construction workers, cine workers, auto drivers and rickshawpullers in the city.

nirmala-small
February 9, 2016 2:58 am

Union Minister of State for Commerce and Industry Nirmala Sitharaman in an interview with Khushboo Narayan talks about falling exports and the efforts made by the government to improve ease of doing business in the country, on the sidelines of the ‘Make in India’ curtain raiser organised by the Department of Industrial Promotion in association with […]

RBI, reserve bank of india, RBI governor, RBI deputy governor, KC Chakrabarty, raghuram rajan, scam, indian express
February 9, 2016 2:55 am

The working group, set up by the RBI, has called for introducing a call and put option format for trading over-the-counter (OTC) as well as on exchanges.

GDP, CSO, credit growth, capital expenditure, finnacial year
February 9, 2016 2:04 am

July-September estimate revised to 7.7% from earlier calculation of 7.4%