With banks increasingly participating in the bond markets, the share of bonds in total credit is rising.
The net interest income (NII) remained almost flat at Rs 4,539.62 crore as against Rs 4,513.87 crore in the second quarter of the last financial year. Net interest margin for stood at 3.45 per cent.
Subhash Chandra Garg also said that the massive need in India is to make it a formal economy, a less cash economy, improving based on transactions that those are the areas where (we will work).
As Bitcoin soars past $5000 it is high time to book profits, remembering its challenges and the fact that it is an extremely volatile currency designed for speculation.
The BSE Sensex retreated from record high level but was trading higher by 88.50 points, or 0.27 per cent, at 32,521.19 as investors booked profits in RIL , HDFC Bank and SBI and Axis Bank.
Replying to an RTI query, the central bank also did not give a copy of the guidelines on printing of advertisement --including promotion of central government-run initiatives --on the notes.
According to provisional data released by the Reserve Bank of India (RBI), outstanding loans to companies and individuals rose to Rs 79.62 lakh crore from Rs 77.28 lakh crore a fortnight ago.
While India grew as India's economy grew at a fast pace between 8 and 9 per cent, the expansion of the private sector was "limitless". This was accompanied by an immediate slowdown in the global economy as a result of which major segments of Indian economy got impacted
On the other hand, the NPA ratio of banks increased to 10.21 per cent in June 2017 from 8.42 per cent in June 2016.
Amount outstanding in PPIs should not exceed Rs 1 lakh; PPIs to be KYC compliant.
The study said the four leading sectors which increased their debt by over Rs 10,000 cr each in FY17 were telecom, power, non-ferrous metals and crude oil.
The actual base rate worked out by one major private sector bank in March 2017 was almost 80 bps higher than suggested by the base rate formula.
Realigns various business groups and verticals under whole-time directors.
European Investment Bank (EIB), which is a multi-lateral lender representing the 28 member nations of the EU, signed pacts to finance Bangalore Metro project and renewable energy projects in India.
Total credit offtake grew just about 5 per cent in the year to March, the slowest pace in more than six decades.
Rajnish Kumar spoke about his plans, sectoral issues and resolution of stressed assets.
On August 2, the Hyderabad bench of the NCLT pronounced its first order under IBC, approving the Insolvency Resolution Plan of Synergies-Dooray Automative.
If the earnings don’t grow and loans & household consumption continues to grow through leveraging then in few years, it will lead to stress in household balance sheet.
"Resolving stressed assets is the top priority of the (SBI) bank. Bad loans need to be resolved on an urgent basis as it will help in reviving the economy," said Rajnish Kumar, the chairman-designate of State Bank of India.
Industry chamber Assocham said, “RBI should have taken a bold move and cut the policy interest to boost the growth as the inflation level is still well within control.”
The RBI Wednesday kept policy rate unchanged at 6 per cent as was widely expected in view of upward trend in inflation even as it cut the growth forecast to 6.7 per cent for the current fiscal.
Rajnish Kumar will take over from Arundhati Bhattacharya, whose term will come to an end on Friday.
Paytm Payments Bank, which was incorporated in August 2016, formally began its operations from May this year.
The initial public offering of SBI Life Insurance was subscribed 3.58 times on the concluding day of the issue with investors bidding for 31.54 crore shares of the 8.82 crore shares on offer.
One of the reasons being cited, according to Lavasa, is the low credit offtake and the consequent slowdown in the participation of the private sector.
The portion meant for qualified institutional buyers (QIBs) was oversubscribed 12.56 times while that of non-institutional investors received 70 per cent subscriptions and retail investors 85 per cent, data available with the NSE showed.
Bolstering funding sources for liquidity-starved small units important to arrest next NPA wave.
Government sources said that discussions are underway to raise capital support by another Rs 20,000-25,000 crore for the PSBs.
Assocham has written to the Reserve Bank of India and the Monetary Policy Committee to cut the interest rates at least by 25 basis points, given the challenges being faced by the economy which needs immediate measures for revival of growth.
The regulator has not disclosed reasons for putting off the move indefinitely.
Earlier this month, Bank of India slashed its one-year MCLR by 10 bps to 8.30 per cent. It has also slashed MCLRs for other tenors by 5-10 bps
Category-III AIFs employ complex trading strategies and may employ leverage, including through investment in listed or unlisted derivatives.
Retirement planning should begin with capital appreciation and gradually move to capital stability as the investor reaches retirement age.
ICICI Bank launches cashback scheme.
Loss due to OFF-US transactions stands at Rs 4,700 cr, while revenue gain from ON-US at only Rs 900 cr.
ICICI Lombard General Insurance, largest private non-life insurer in India, was planning to raise around Rs 5,700 crore from IPO