JPMorgan upgrades PNB to overweight, sees 26% upsideHowever, JPMorgan estimated earnings to remain under pressure in F23/24 as the company catches up on back book provisioning. This keeps the...
12 Dec, 2022, 01.57 PM IST
IndusInd Bank Q1 up 61% on loan growth, fall in provisions"The quarter saw turbulent operating environment and interlinkages of inflation, reversal of accommodative monetary policy, Russia-Ukraine ...
22 Jul, 2022, 07.28 AM IST
Future Retail's independent directors seek Rs 3,500 crore loan from AmazonAmazon, embroiled in a legal tussle with Future over plans to sell its assets to Reliance Retail, earlier this week opposed FRL's plans to ...
22 Jan, 2022, 06.35 AM IST
Lenders look to sell Future Retail's small stores to recover over Rs 3,000-crore duesBanks led by the State Bank of India may soon invite expressions of interest for the small format chains - Easyday in Northern India and He...
15 Jan, 2022, 04.53 PM IST
Bandhan Bank Q3 results: Net profit falls 13% on higher provisionsThe Kolkata-based private lender reported its net profit at Rs 633 crore as against Rs 731 crore for the year ago period.
21 Jan, 2021, 07.36 PM IST
RBI lays down stringent dividend distribution formulae for NBFCsRBI said that deposit taking NBFCs and systemically important non-deposit taking NBFCs should have CRAR of at least 15% for the last three ...
10 Dec, 2020, 12.33 PM IST
Sell Union Bank of India, target price Rs 26: Emkay GlobalThe brokerage has introduced merged financials and expects the bank to report negative RoA of -0.2 per cent due to the merger and Covid-19-...
25 Jun, 2020, 11.58 AM IST
Stock Idea: Emkay Global has hold rating on Axis Bank, target price Rs 520Factoring in lower growth, continued higher corporate NPA formation and expected acceleration in retail/SME stress due to Covid-19’s impact...
29 Apr, 2020, 01.49 PM IST
Q2 numbers hint worst could be over for banks on NPA frontPNB, for instance, saw slippages fall to Rs 3,500 crore from Rs 6,649 crore in the previous quarter.
09 Nov, 2017, 10.27 AM IST
Good job in 3 years! Yet Modi’s report card has four big blotsGST bill and power and banking sector reforms have been seen as drivers of the economy.
16 May, 2017, 06.15 PM IST
PSU banks write off Rs 1.54 lakh crore bad loansBanks wrote off NPAs of Rs 56,012 crore during 2015-16, Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the ...
07 Dec, 2016, 10.28 PM IST
Indian banking outlook stable; new NPA formation slow: Moody'sIndia's banking system is moving past the worst of its asset quality down cycle, supporting its stable outlook for the sector over the next...
19 Sep, 2016, 06.23 PM IST
Urjit Patel will ensure continuity at RBI: SS MundraMundra said the Resrve Bank is preparing a framework for peer to peer (P2P) lending to facilitate availability of finance to MSMEs.
24 Aug, 2016, 04.12 AM IST
Pace of new bad loan formation has decelerated: RBIS S Mundra also said most of the banks are adequately capitalised and the government has promised additional capital if they require.
23 Aug, 2016, 02.18 PM IST
Top 5 takeaways from PNB Q3 results; stock falls over 6%PNB plunged over 6% in afternoon trade on Tuesday after its net profit nosedived to Rs 51 crore in the quarter ended December 31.
09 Feb, 2016, 02.23 PM IST
ICRA lowers NPA estimate as stressed asset formation slowsICRA lowered its estimated gross NPA for March 2016 to 5%-5.5% from 5.3%-5.9% noting a moderation in the new stressed asset formation this ...
23 Nov, 2015, 07.14 PM IST
Rating agency Icra sees NPAs soaring by up to 150 bps to 5.9% this fiscalThe rising NPA estimate for FY16 is primarily driven by a greater proportion of assets restructured in the past slipping into NPAs again, I...
08 Jun, 2015, 08.49 PM IST