The Comptroller and Auditor General of India (CAG) has slammed the managements and statutory auditors of 12 public sector banks (PSBs) for overstating their net
Category: RBI–Banks
IBBI chief: Bankruptcy Code will address honest failures | Business Line–29.07.2017
The Insolvency and Bankruptcy Code (IBC) 2016 provides the ultimate economic freedom to exit, and also a mechanism to address honest, relative failures, said MS
ICICI Bank Q1 Result: ICICI Bank Q1 profit slips 8% YoY to Rs 2,049 crore; asset quality stable–Economic Times–28.07.2017
Private sector lender ICICI BankBSE -1.02 % on Thursday reported 8.21 per cent year-on-year fall in net profit at Rs 2,049 crore for the quarter
Personal bankruptcy: Pure pie in the sky–Economic Times–28.07.2017
The government is reportedly working on the rules for personal bankruptcy. This is ambition, indeed. Of course, there is nothing wrong with the concept. The
Bad loan crisis: Before banking on bankruptcy code, lenders should follow a carrot and stick policy – The Financial Express–28.07.2017
The Insolvency & Bankruptcy Code (IBC) has laid down the way forward for lenders to expedite recovery and resolution of stressed assets while maintaining priority
RBI to cut repo rate by 25 bps on August 2: HSBC – The Financial Express–28.07.2017
The Reserve Bank is expected to go for a 25 basis points (bps) repo rate cut in its policy review meet on August 2 as
SC allows settlement between parties even after case is admitted under IBC | Business Standard–28.07.2017
The recent Supreme Court order allowing a settlement between parties even after initiation of insolvency proceedings has given new food for thought to bankers, debtors
ICICI Bank: Just an optical improvement | Business Standard –28.07.2017
ICICI Bank’s standalone June quarter (Q1) results, announced after market hours, weren’t any encouraging, except that the bank was rescued to a thankful extent by
Bad loan crisis: Here is how to cross the bankruptcy chasm – The Financial Express–27.07.2017
Atanu Mukherjee The introduction of the Insolvency and Bankruptcy Code, the formation of Insolvency and Bankruptcy Board of India (IBBI) and the recent RBI directed
Indian banks most at risk among South, South-East Asian peers: Poll – The Financial Express–27.07.2017
Indian banks are most at risk in South and South-East (S-E) Asia, and being under-capitalised, they lack sufficient loan provisioning, says a Moody’s poll. It
Time to cut rates | Business Standard Editorials–27.07.2017
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will meet next Wednesday to review the central bank’s policy stance. The RBI
YES Bank — Improvement in asset quality offers respite to investors | Business Line–27.07.2017
YES Bank continued to deliver strong traction in loans, healthy deposit growth and improving margins in the latest June quarter. But for investors, the bank’s
FinMin asks PSBs to work togetherto hive off consortium loans gone bad | Business Line–27.07.2017
Says a united front will yield a better price from ARCs than selling loans piecemeal If public sector banks have collectively given a company a
Banks lending to housing segment loses steam | Business Line–27.07.2017
With corporate lending taking a hit due to downturn in investment activity, banks have been relying on the retail segment to drive growth. Within retail,
Axis Bank Q1 net plunges 16% to ₹1,306 cr as bad loans mount | Business Line–27.07.2017
This is the sixth consecutive quarter in which the lender posted a decline in profit Axis Bank’s net profit shrunk for the sixth quarter on
’Rs 8 lakh cr NPAs may face bankruptcy proceedings’ | Business Line–27.07.2017
Emboldened by the Banking Regulation (Amendment) Ordinance, the RBI is expected to push for resolution bad loans worth around Rs. 8 lakh crore by March
NPA: Big financial blow for NPA-laden banks on cards as RBI unlikely to ease provisioning load–Economic Times–26.07.2017
Banks hoping to escape steep provisions on loans referred to bankruptcy court, apart from the 12 companies that the Reserve Bank of India (RBI) recently
Kotak Mahindra Bank: Improving growth in Kotak Mahindra bank’s loan book may enhance investor interest–Economic Times–26.07.2017
Shares of Kotak Mahindra bankBSE -0.42 % (KMB) have been lagging its peers – most expensive private banks in terms of valuation – this year
Axis Bank Q1 net falls 16% – The Financial Express–26.07.2017
Axis Bank on Tuesday reported a 16% decline in year-on-year net profit to Rs 1,305.60 crore, hurt by higher provisions for bad loans and lower
Bad loans crisis: How to rescue public sector banks – The Financial Express–26.07.2017
On Sunday, November 23, 2008, the United States government, acting in concert with the Board of Governors of the Federal Reserve System and the Federal
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