Continue Reading... HDFC Ltd Q1 profit declines to Rs 2,734 crore
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HDFC Ltd Q1 profit declines to Rs 2,734 crore

The country’s largest mortgage player HDFC on Wednesday reported marginal decline in consolidated net profit at Rs 2,734 crore for…

Continue Reading... SBI to cut NEFT, RTGS charges from tomorrow
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SBI to cut NEFT, RTGS charges from tomorrow

A day after it waived charges on Immediate Payment System (IMPS) transactions of up to Rs 1,000, State Bank of…

Continue Reading... Newly appointed DEA Secretary Subhash Chandra Garg nominated as RBI’s director
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Newly appointed DEA Secretary Subhash Chandra Garg nominated as RBI’s director

The RBI today said Economic Affairs Secretary Subhash Chandra Garg has been nominated to its central board of directors. Garg…

Continue Reading... Pressure mounts on Reserve Bank of India to cut policy rate, say experts
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Pressure mounts on Reserve Bank of India to cut policy rate, say experts

With inflation falling to record low levels and industrial growth slipping to below 2 per cent, bankers and economists feel…

Continue Reading... Interview with Shardul Shroff: Next 90 days will see some form of action, there will be some revival plans or insolvency
Posted in Finance

Interview with Shardul Shroff: Next 90 days will see some form of action, there will be some revival plans or insolvency

Shardul Shroff, executive chairman of leading law firm Shardul Amarchand Mangaldas & Co, says banks will be able to recover…

Continue Reading... 142 per cent rise in bad education loans in 3 years
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142 per cent rise in bad education loans in 3 years

Indian banks have seen a 142 per cent rise in default by students who have taken education loans during the…

Continue Reading... Proceedings under IBC: Bankruptcy filing picks up to deal with mounting bad loans
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Proceedings under IBC: Bankruptcy filing picks up to deal with mounting bad loans

Within seven months of the final insolvency rules kicking in under the Insolvency and Bankruptcy Code 2016 (IBC), over 237…

Continue Reading... Banks to settle Rs `4,00,000 crore Debt
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Banks to settle Rs `4,00,000 crore Debt

Banks are likely to take a haircut of 60 per cent, worth Rs 2,40,000 crore, to settle 50 large stressed…

Continue Reading... Non-performing assets: ‘Actions by RBI, government to mitigate bad loans by 2019’
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Non-performing assets: ‘Actions by RBI, government to mitigate bad loans by 2019’

The stressed assets problem plaguing Indian banking system is well documented. Gross non-performing asset (NPA) ratio for banks is at…

Continue Reading... Arun Jaitley introduces bill to repeal SBI Subsidiary Banks Act
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Arun Jaitley introduces bill to repeal SBI Subsidiary Banks Act

Finance Minister Arun Jaitley on Friday introduced a bill to repeal SBI (Subsidiary Banks) Act and State Bank of Hyderabad Act following…

Continue Reading... Interview for RBI deputy governor post on July 29
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Interview for RBI deputy governor post on July 29

A search panel headed by the Cabinet Secretary is scheduled to interview candidates on July 29 to find a successor…

Continue Reading... Monetary Policy Committee members to get Rs 1.5 lakh per meet, disclose assets every year
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Monetary Policy Committee members to get Rs 1.5 lakh per meet, disclose assets every year

The government appointees on the powerful Monetary Policy Committee will be paid Rs 1.5 lakh per meeting along with air…