YES Bank Q1 profit declines 91%
Worst quarterly performance in 20 quarters; net profit plunges to ₹113.8 crore from ₹1,260.36 crore a year ago due to higher provisioning.
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Financing MSMEs: The continuing challenge
The performance of banks in rural and MSME lending has been inadequate even after the considerable expansion of the scope of priority-sector loans.
SBI is coming out of the woods
The country’s largest bank reports a profit of ₹838 crore in the March quarter, NPAs decline.
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.
Had guts to direct RBI to act on NPAs: Piyush Goyal
Interim finance minister Piyush Goyal says the current government’s efforts towards tackling bad loans have paid off.
Essar Group repays over 80% of its debt
The group has repaid more than ₹1,37,000 crore of loans to global and Indian lenders. Its only continuing lender is now Russia’s VTB Group.
Need ‘bad banks’ to tackle NPLs: Henry Kravis
PE giant’s co-founder says ‘tough medicine’ needed to clean up banks’ balance sheets; government-central bank spats ‘not new’
Decoding the government-RBI spat
The story behind Urjit Patel’s resignation.
Massive opportunities in healthcare: Sunil Munjal
Munjal speaks to Fortune India about the macroeconomic headwinds, current challenges, and robust opportunities in the country’s healthcare sector.
