Last year, LIC made Rs 23,000-cr profit from equity and have crossed Rs 11,500-cr profit on equity this year.
Real estate developer HDIL is currently in default to various banks and has been admitted for proceedings under the Insolvency and Bankruptcy Code.
According to the SBI chairman, the bulk of the bad loan provisioning of nearly Rs 1 lakh crore took place in FY18 and has been declining since then.
Given the slowdown in real estate in metro markets, HDFC has transitioned into an affordable housing financier. In an interview with TOI, HDFC chairman Deepak Parekh speaks of what will drive housing.
Even among end users, the demand is in the affordable segment where builders get tax exemption and buyers get a credit-linked subsidy from the government.
A study of the top 250 listed companies by investment bank CLSA has shown that of the total 45 lakh jobs generated by them, more than half were in just the two sectors, financials and IT,
The government has decided to institute certain measures to improve corporate governance in banks.
Equitas Bank received the final licence from the RBI in July 2016.
The repo-linked lending rate is a positive development as both customers and in many cases, those distributing the loans were not aware of the features of the repo-linked rate.
Syndicate Bank has three-percentage-point higher capital compared to the minimum requirement.
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