Axis Bank’s 95% profit growth is lacklustre
The private lender’s profit fell 9% over the previous quarter. Its provisions grew by 40.7% and 14.3% on quarterly and annual basis, respectively.
non performing assets
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Short-term relief for NBFCs
The government’s partial credit guarantee on asset purchases does not address investors’ long-term concerns about the sector’s exposure to stressed real estate: Fitch Ratings.
See Nifty at 12,400 in 2019: HDFC Securities
Despite significant correction in 2018 and a general election around the corner, HDFC Securities believes lower crude prices and robust domestic inflows can take the markets to new heights in 2019.
Decoding the government-RBI spat
The story behind Urjit Patel’s resignation.
Expect ₹1.8 lakh crore NPA recovery this year: govt
Finance minister Arun Jaitley says the government is committed to aiding and recapitalising PSU banks
Health check: The big bank merger
The proposed consolidation of Bank of Baroda, Dena Bank, and Vijaya Bank will see a mega-bank with assets of ₹606,782 crore, and combined gross non performing assets (NPAs) of ₹79,320 crore
‘RBI did not cause an economic slowdown’
In a 17-page deposition, Rajan clarifies the role that the RBI played in initiating a cleanup of the NPA mess.
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.
Failure of risk governance in the Indian banking system
After the global financial crisis of 2007-08, risk became a major issue for regulators worldwide.
Housing credit growth likely to rise to 17-19% in FY19: ICRA
Government initiatives expected to boost buying in the affordable segment
