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After Indian Hotels, Cyrus Mistry aims at Tata Motors with Rs 4,000 crore NPA loss due lending practices
Tue, Aug 22, 2017
After hitting out at Indian Hotels management, Cyrus Mistry fired a fresh salvo at another Tata Sons company, Tata Motors on Tuesday.
Five public sector banks account for nearly half of non-performing assets
Fri, Aug 18, 2017
NPA problem of banks have worsen further during Q1FY18. Banks have seen sharp rise of 34% year-on-year and nearly 17% quarter-on-quarter rise in NPAs.
Indian banks are most at risk in South and SE Asia, Moody's says
Wed, Jul 26, 2017
Key Highlights: Indian banks most vulnerable in South and Southeast Asia Moody's says result from a poll in Hong Kong and Singapore
Indian banks face $37 billion hit from top 50 stressed assets: CRISIL
Wed, Jul 19, 2017
Indian banks may have to write off 60 percent of the value of bad loans from their 50 large stressed asset accounts, or a hit of 2.4 trillion rupees ($37.31 billion), ratings agency CRISIL said on Wednesday.
Sebi asks banks to disclose divergence in asset classification
Tue, Jul 18, 2017
Giving another helping hand to RBI, market watchdog Sebi has asked banks to disclose divergence in asset classification to the stock exchanges in their financial audits.
CVC monitors CBI probe in top bank frauds, including Vijay Mallya
Sun, Jul 02, 2017
The Central Vigilance Commission (CVC) is supervising CBI's probe in 10 top bank fraud cases, including one involving fugitive businessman Vijay Mallya, and says bankers need have no fear if their decisions are bonafide.
Fitch affirms eight banks' IDRs as 'stable'
Tue, Jun 27, 2017
Fitch Ratings on Tuesday that it has affirmed Issuer Default Rating (IDR) of eight Indian banks.
These two companies stand to gain immensely if India goes ahead with steel sector bankruptcies
Mon, Jun 26, 2017
RBI said, "The Internal Advisory Committee (IAC) recommended for IBC reference all accounts with fund and non-fund based outstanding amount greater than Rs 5000 crore, with 60% or more classified as non-performing by banks as of March 31, 2016. The IAC noted that under the recommended criterion, 12 accounts totaling about 25% of the current gross NPAs of the banking system would qualify for immediate reference under IBC."
RBI warns banks to resolve 55 NPA accounts in 6 months
Fri, Jun 23, 2017
The Reserve Bank of India has directed the banks to find solutions for 55 NPA accounts within 6 months or face Insolvency and Bankruptcy Code. Earlier, the RBI had identified 12 NPA accounts for insolvency proceedings. Watch full video to know more.
India Inc's owes Rs 27 lakh crore in loan payments
Thu, Jun 22, 2017
Despite reporting positive performance in FY17, India Inc still faces hard time repaying its debt. Outstanding loan funds reached to Rs 26.5 lakh crore in FY17.
Demonetisation Impact: Housing credit growth falls to 16% in FY17, says Icra
Wed, Jun 21, 2017
The overall housing credit growth in India declined by 16% to Rs 14,400,00 crore in FY17 as compared to Rs 12,400,00 crore in FY16 on account of demonetisation in the second half of the last year, which resulted in decline in number of new project launches with investors deferring their purchase decisions.
TOP TEN: Farmers 'Ache Din' in 3-4 months!
Mon, Jun 19, 2017
Sensex and Bank Nifty close week at a positive record level. PMO calls a meeting to review steps to deal with NPA's. Watch to know the top 10 news of the business world. About Zee Business --------------------------
Department of Telecom asks Centre to cut its revenue target from the sector
Mon, Jun 19, 2017
Department of Telecom has asked for a revise in non-tax revenue targets for the current fiscal.
RBI's NPA resolution move is credit positive, Moody's says
Mon, Jun 19, 2017
The Reserve Bank of India's (RBI) move last week to resolve 12 borrowers responsible for a quarter of total non-performing assets (NPAs) of Indian banks is credit positive, ratings agency Moody's Investors Services said on Monday.
RBI identifies 12 major defaulters for insolvency, their total NPAs count 25%
Wed, Jun 14, 2017
The internal advisory committee of Reserve Bank of India has identified 12 major defaulters for insolvency that covered about 25% of the banking system’s non-performing assets (NPA). It will identify 38 more such accounts. About Zee Business --------------------------
Rising NPA pulls down bank stocks
Fri, Jun 09, 2017
Know stock market sector wise performance and analysis today. Watch full video to know more!
Banks would have to wait more before seeing revival in asset quality
Thu, Jun 08, 2017
NPAs are the primary issue in Indian banking system presently. A host of moves have been taken by RBI and government but these problems are far from over.
Prompt Corrective Action doesn't constraint bank's normal operations: RBI
Tue, Jun 06, 2017
The RBI today said its prompt corrective action (PCA), initiated in case of some public sector banks with high NPAs, is a supervision tool and does not constrain normal banking operations for the public.
LIC earns total investment income of Rs 1.80 lakh crore in FY17
Sun, May 21, 2017
LIC has earned a total investment income of Rs 1,80,117 crore in FY17 through investment in government bonds and state development loans, interest, corporate bond interest, dividend income and profits on sale of equity.
Macro economic data has reached new heights in last 3 years, says HDFC's VC & CEO Keki Mistry
Tue, May 16, 2017
HDFC's VC and CEO Keki Mistry in an one-on-one interview with Zee Business said that India is poised to be amongst the most significant economic countries in the world along with China and US.