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2 mins read
IIFCL profit rises 44% to highest-ever of ₹1,552 crore in FY24
He said, for the first time, the profit before tax has crossed Rs 2,000 crore. During the yea…
PTI
3 mins read
Banks write off Rs 14.56 lakh crore NPAs in last nine financial years
Scheduled Commercial Banks (SCBs) have recovered an aggregate amount of Rs 2,04,668 crore in wr…
PTI
3 mins read
Measures taken by IIFCL to keep bad loans under check: Parliamentary panel
The company has put in place a Board approved Management Policy which lays out the Directives…
PTI
3 mins read
RBI tightens norms on personal loans for banks and NBFCs; stocks to be under pressure
Shares of SBI Cards, RBL Bank, HDFC Bank and ICICI Bank are expected to come under pressure after…
7 mins read
The dark truth behind RBI’s crackdown on easy personal loans
The Reserve Bank of India tightened capital norms for lenders disbursing unsecured loans to unsuspe…
3 mins read
Borrowers with multiple personal loans a big risk to profitability of banks and NBFCs
Raging inflation is not just burning a hole in the pockets of consumers. It is also impairing the a…
2 mins read
More pension for bank employees to overseas listing roadmap — these are the highlights from Finance Minister Nirmala Sitharaman's EASE 4.0 address
EASE 4.0 is the fourth edition of the Indian government’s Enhanced Access and Service Excellence…
2 mins read
Union Bank to sell 8 troubled accounts worth Rs 3,000 cr to bad bank NARCL
Union Bank of India on Friday said it has identified eight troubled accounts worth Rs 3,000 crore t…
PTI
1 min read
SBI reports strong net profit as bad loan eases down
The total income of the SBI group rose to Rs 1,01,143.26 crore in the quarter under review, co…
PTI
3 mins read
Bad loans of India's banks to rise to 8-9% this year, says CRISIL
The Covid-19 relief measures such as the restructuring dispensation, and the Emergency Credit Li…
5 mins read
One in every five rupees lent by SBI to individuals, goes to government employees
That is one in every five rupees lent to individual borrowers goes to people working in the gove…
3 mins read
Monetary Policy Impact: RBI’s pause to support real estate demand - particularly affordable segment
The Reserve Bank of India’s (RBI) decision to keep the key policy rate unchanged has been welcomed …
1 min read
India's largest bank sees profit rise and bad loans shrink
Lending major State Bank of India (SBI) on Wednesday reported a year-on-year rise of 55.25 per cent…
5 mins read
Don't be in a hurry to prepay but plan EMIs better, say experts as home loan burden set to rise
The RBI has raised interest rates by 25 basis points to 6.5%, which will make home loan borrowers' …
2 mins read
Footwear brand Bacca Bucci fails to hook investors at Shark Tank India
The homegrown Indian footwear brand 'Bacca Bucci' failed to impress the sharks in the new episode o…
3 mins read
Indian Overseas Bank lost six years and half its business to clean up its bad loans but the market is cheering
Shares of Indian Overseas Bank scaled new heights, as the Reserve Bank of India (RBI) lifted the ba…
1 min read
India's largest bank reports a sharp fall in bad loans — enough for the street to ignore the 7% fall in profit
Total income (standalone) also fell marginally to Rs 75,980.65 crore during Q3FY21, as against …
PTI
1 min read
RBI estimates bad loans could be as high as 14.8% by September 2021 in the worst case scenario
The gross non-performing asset (GNPA) of scheduled commercial banks (SCB) are likely to increase to…
3 mins read
India puts a pause on new bankruptcy cases for a year — and other changes that will cap the rise in bad loans
"Any indebted situation that comes up because of coronavirus will not be considered as ‘default’ an…
3 mins read
India's banking stocks are on fire after top court allows them to call out bad loans
Indian banks are rallying on the stock market after the Supreme Court’s judgement on the loan morat…