Gross NPAs of SCBs decline by 98K cr by June: Govt
Gross NPAs of SCBs, which stood at Rs 10,36,187 crore on March 31, 2018, declined by Rs 97, 996 crore to Rs 9,38,191 crore as on June 30, 2019, Anurag Thakur said during question hour in Lok Sabha. The gross NPAs stood at Rs 3,23,464 crore as on March 31, 2015 and increased to over Rs 10.36 lakh crore figure by the end of 2017-18 fiscal on March 31.
RBI asks banks to locate 1.2 crore inoperative accounts: Government
RBI has asked banks to be pro-active in locating about 1.2 cr account holders whose accounts are inactive for more than 10 years, the government has said.
ICRA to rate new instruments floated by SCBs
Credit rating agency ICRA will undertake ratings of new instruments floated by scheduled commercial banks (SCBs).
SCBs to appoint treasury head without RBI consent
Scheduled Commercial Banks (SCBs) would no longer be required to take prior approval from the Reserve Bank of India (RBI) for appointment or posting of treasury head, international division, chief dealer or dealer.
Banks have not passed on RBI's rate cuts to borrowers in 2019: Survey
Borrowers have often complained that banks have not passed on the benefits of repo rate cut by the RBI to them. In the year 2019, the central bank has reduced the repo rate by 135 bps. The credit spread is at the highest level in this decade.
Bank frauds declining sharply annually: Govt
Bank frauds have sharply come down on an annual basis to Rs 5,244 crore in the first three quarters of this fiscal on account of improved detection and reporting, Minister of State for Finance Anurag Thakur said in Rajya Sabha on Tuesday.
Nearly 3 per cent of Mudra loans turn into bad loans: Government
Loans are classified as MUDRA under the PMMY. The loans are given under three categories of Shishu, Kishore and Tarun to signify the stage of growth and funding needs of the beneficiary.
Need for greater surveillance over large NBFCs: RBI
RBI expects banks’ GNPA ratio to decline from 9.3% in March 2019 to 9.0% in March 2020.
Former Westpac, Standard Chartered veterans launch Offshore India Fund
It is a leveraged bond fund that will invest in bonds issued by Indian companies.
Banks bad loans down at Rs 9.34 lakh crore at FY19-end: Nirmala Sitharaman
During 2018-19, the maximum number of frauds, involving Rs 1 lakh and above, were reported by ICICI Bank at 374 .
Buy IndusInd Bank, target Rs 1,800: Prabhudas Lilladher
Buy IndusInd Bank Ltd. at a price target of Rs 1800.0 .
India needs additional 25 million affordable houses by 2030: Report
The current housing shortage in urban areas is around 10 million units and most of the housing shortage lies in the Economically Weaker Section and Lower Income Group Segment.
Small finance banks start on a strong wicket: ICRA
ICRA estimates that SFBs have reported an annualised growth of 33% in the assets under management (AUM) in 9M FY2019 to Rs. 64,325 crore.
Government to exit 23 CPSEs
These entities include Project & Development India Ltd., Hindustan Prefab Limited (HPL), Engineering Project (India), etc.
Buy DCB Bank, target Rs 276: Elara Capital
The brokerage has set a one-year horizon for the stock to hit the target price.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service