Banks recover more than Rs 5 lakh cr bad loans: PM
Modi also urged banks to support start-ups and rural areas and step up fintech initiatives.
bad loans
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YES Bank and its chronic bad loan pain
No respite for controversy-hit YES Bank after the RBI finds the private sector lender guilty of under-reporting bad loans, again, casting a shadow on the bank’s asset quality and profitability in Q3.
YES Bank posts first ever quarterly loss
The fifth-largest private lender reported a loss of ₹1,506.6 crore in the March quarter, its first in 55 quarters since its listing, on account of bad loans.
Indian economy: A fuzzy future
India’s economy might be cruising along, but the road ahead might not be smooth.
IL&FS’ Satyam moment
Nine years after the Satyam Computer Services fiasco, IL&FS finds itself in a similar situation, in need of a bailout from the government to prevent the contagion from spreading further.
Axis Bank board ropes in Amitabh Chaudhry
Chaudhry, who oversaw HDFC Life’s bumper IPO, will take over the reins from Shikha Sharma from January 1, 2019.
PNB falls over 7% after reporting Rs 940 crore loss in Q1
The loss was much lower than Rs 2,418 crore, the figure estimated by a Reuters poll.
India Inc’s credit crunch
A spate of banking frauds, arrests of the top management at some banks and mounting bad loans have led to drying up of debt from financial system. So who will fund India’s growth story?
Kotak Mahindra Bank’s Q1 profit up 12%
The bank posted a standalone net profit of Rs 1,025 crore for the quarter ended June compared to Rs 913 crore a year ago.
LIC-IDBI Bank deal: mistake or strategy?
LIC’s decision to buy a majority stake in IDBI Bank has set off a debate among experts on using policyholders’ money to bail out PSU banks.
