Banking sector
Did you invest in Chit fund? Massive benefit may come soon
Fri, Aug 10, 2018
The All India Association of Chit Funds in their memorandum submitted to the Committee requested for allowing a chit fund company to mention under their name as 'A ROSCA Institution' (Rotating Savings and Credit Association).
More >
It's 'fear mongering': BSE CEO on talk of India's banking sector crisis post PNB fraud case
Mon, Apr 09, 2018
BSE CEO Ashish Chauhan said that the size of the Indian banking system is "Rs one crore crore". "In India we (banks) charge 12 per cent per annum from people who borrow. People who lend to the banks, we give them only four per cent. So basically, the banks earn eight per cent (profit).
More >
Banks stare at $38 bn new dud loans from power sector: Report
Wed, Apr 04, 2018
The report is based on the fact that as much as 71 gigawatt (gw) of private sector coal-based projects are facing bankruptcy filings at various NCLTs, implying probable resolution from June 2019 and it expects an average 75 per cent write-off in these loans. Of the USD 178 billion loan, the distribution companies have USD 65 billion, generation companies have USD 77 billion, and transmission firms have a debt burden of USD 36 billion, says the report penned by BofA-ML research analysts Amish Shah and Sriharsh Singh.
More >
India economy went through challenging phases in 2017: CARE Ratings
Fri, Dec 29, 2017
For the first half of the year, growth has come in lower at 6% compared with 7.7% in H1-FY17. There was only one sector, trade, transport, hotels etc, which registered higher growth in H1-FY18 at 10.5% compared with 8.3% last year, the rating agency said.
More >
Overall risks to banking sector remained elevated due to asset quality concerns: RBI
Fri, Dec 22, 2017
Stress test suggests that in the baseline scenario, GNPAs of the banking sector may rise from 10.2% of gross advances in September 2017 to 10.8% in March 2018 and further to 11.1% by September 2018, said the RBI.
More >
