Economic Survey calls for another asset quality review once Covid forbearance is liftedThe RBI had discontinued all forms of forbearance given to banks in the latter half of 2015 and launched a asset quality review to know the...
YES Bank, LVB events show RBI did not identify 'evergreening', shows Eco SurveyThe economic survey went on to add the audits conducted by the RBI failed to capture the evergreening at Yes Bank and LVB. Yes Bank had to ...
Economic Survey blames RBI's AQR for YES Bank, LVB FiascoThe survey said most of the non-performing loans were lent and restructured during the forbearance phase and RBI’s audit missed some of the...
Bond world on high alert after rallying to historical extremesThe warning signs go beyond this week’s failed German 30-year bond auction.
Former CEA wants RBI to run quality checks on NBFCs’ assets“I am proposing an AQR for NBFCs,” Arvind Subramanian said.
IIT Roorkee placements: Microsoft top recruiter, highest package at Rs 1.5 croreThe highest salary in domestic was at Rs 47 lakh and the international package offered was Rs 1.5 crore.
AQR Capital to hire 150 highly-skilled techies in BengaluruAQR will conduct specific coding tests to figure out the strength of professionals and expects the prospective employees to be hands-on in ...
RBI provisioning to hit banks in Q4RBI asked banks to increase provisioning for even standard assets as a precautionary measure, singling out the telecom sector in which prof...
NPA resolution must be done with a sense of urgency: RBI Deputy Governor Viral AcharyaHe also said even the December 2015 asset quality review (AQR) by the central bank has not helped resolve the issue, except in turning publ...
Govt plans 'Indradhanush 2.0' for recapitalisation of public sector banks'Indradhanush 2.0' will be finalised after completion of the Asset Quality Review (AQR) by the Reserve Bank, which is likely to be complete...
Budget 2017 wish list: Banks eye extension to AQR deadline, capital infusionTo fight stressed assets, the Budget may announce higher capital infusion. Also there are chances that cleaning up exercise could be extend...
Government should sell stake in PSBs if it wants growthThe message, from the banking regulator, is clear — chip in with capital, or else banks will not live up to the expectations of New Delhi a...
Rates already low, no more cuts now: Rakesh Sharma, Canara Bank"The policy appears to be hawkish. It will remain stable for the next 3-4 months."
- Sell Bank of India, target Rs 65: CLSA
The stress in the asset quality rose from RBI-directed downgrades (AQR), steel, and infrastructure companies.
Burden of bad loans: Why the pain isn't over for PSU banks like SBI and their investorsThe government, the largest shareholder of state-owned banks, will have to be prepared for lower tax collections as well.
IDBI reports largest quarterly loss by Indian bank at Rs 2,184 croreState-owned IDBI Bank posted a standalone net loss of Rs 2,183.68 crore for the December quarter of the current fiscal, hit by higher provi...
- Goldman's global fund gets $3 bn
Goldman Sachs Group lined up $3 billion in new capital to bolster its Global Equity Opportunities Fund after it lost $1.4 billion, or 28%.