None of the 20 government banks meet RBI norm of 70 per cent provisioning coverage ratio
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.
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 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.
During April-December, the industrial output has grown 3.1 per cent compared with 2.6 per cent a year ago.
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.
SBICAP keeps reserve price of `150 crore; ‘Mallya owes banks over Rs. 6,963 cr’
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.
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.
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.
With a host of reforms steadying the ship in 2015, the sector seems well placed for a better year ahead
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
NPAs largely a governance issue, not ownership: RBI Dy Governor Mundra
"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.
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 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.
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.
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 […]
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
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.
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"
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.
In past 18 months, CRISIL has either downgraded or revised its outlook to ‘Negative’ on nine out of the 25 PSBs that it rates
‘Collection likely to exceed by about `40,000 crore in FY16’
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 […]
SBI fell by 4.82% to Rs.158.95 ahead of its results; BSE banking index fell by 2.04% on Wednesday
To also seek a similar pact on services which should interest developing nations.
Bank’s net profit stood at Rs 774.56 cr in the year-ago period; stocks decline 6.89% on Tuesday.
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.
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
Subramanian & team back investment boost, Rajan-led economists caution
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.
Dattatraya said that medical ambulances will be launched for construction workers, cine workers, auto drivers and rickshawpullers in the city.
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 […]
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.
July-September estimate revised to 7.7% from earlier calculation of 7.4%