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UPA or NDA: Why our governments have failed to revive 'sarkari' banks so far

Feb 08, 2016

UPA or NDA: Why our governments have failed to revive 'sarkari' banks so far

No government, whether the UPA or NDA or the mighty Reserve Bank of India (RBI) have been able to make any notable progress so far in improving the operations of PSBs. #UPA #RBI #Government #NPA #public sector banks #NDA #capital infusion #Bad Debts #PM Modi #PSBs
Forex reserves rises by $1.589 bn to $349.152 bnlast week

Feb 05, 2016

Forex reserves rises by $1.589 bn to $349.152 bnlast week

FCAs, a major component of overall reserves, increased by $1.584 billion to $326.631 billion in the reporting period #Reserve Bank of India #forex reserves #Gold reserves #Foreign currency assets
Credit Suisse to prune 4,000 jobs after posting over Rs 39,000 cr net loss in Q4

Feb 04, 2016

Credit Suisse to prune 4,000 jobs after posting over Rs 39,000 cr net loss in Q4

Investment banking firm cited sharp drop in oil prices, "asynchronous" policies by top central banks, lower liquidity, a strong Swiss franc and "uncertainties on Chinese growth #oil prices #Credit Suisse #job cuts #Chinese slowdown #investment banking firm #CEO Tidjane Thiam
Govt to infuse about Rs 5,000 crore in PSU banks this quarter

Feb 03, 2016

Govt to infuse about Rs 5,000 crore in PSU banks this quarter

Government will infuse about Rs 5,000 crore capital in the public sector banks in the current fiscal to strengthen balancesheet. #SBI #ANDHRA BANK #PSU banks #DBT #Indradhanush #PSBs #Ajuly Chib Duggal
Fee hike, fund of Rs 2,000 crore: Panel recommends changes in IITs' finances to reduce dependence on govt

Feb 02, 2016

Fee hike, fund of Rs 2,000 crore: Panel recommends changes in IITs' finances to reduce dependence on govt

The panel, which comprises several IIT directors, has recommended that the Rs 2,000 crore fund be created as a Non-Banking Financial Company. #NewsTracker #IIT #Non-banking financial company #NBFC #HRD Ministry #IIT Council #Indian Institute of Technology #fee hike
SBI's new home loan offers 3-5 years interest moratorium to young customers

Feb 02, 2016

SBI's new home loan offers 3-5 years interest moratorium to young customers

SBI's 'FlexiPay Home Loan' seeks to boost its home finance portfolio and refused to name it as the now-discontinued 'teaser loan' #State Bank of India #SBI #HDFC #Teaser Loans #Arundhati Bhattacharya #RBI governor Raghuram Rajan #FlexiPay Home Loan
Why Raghuram Rajan doesn't trust India's GDP numbers

Jan 29, 2016

Why Raghuram Rajan doesn't trust India's GDP numbers

Clearly, it is time for the Modi government to pay attention to the skeptics and look at the economy in a more realistic manner #RBI #CRISIL #Raghuram Rajan #NDA #Economic Revival #PM Modi #Bank NPAs #GDP calculation
Why ICICI Bank's bad loan worries signal continuing pain for sarkari banks

Jan 28, 2016

Why ICICI Bank's bad loan worries signal continuing pain for sarkari banks

ICICI Bank registered a sharp increase in its gross non-performing assets (GNPAs) to 4.72 per cent of total loans in the quarter as compared with 3.77 per cent in the preceding quarter and the 3.40 per cent in the year-ago quarter. #ICICI Bank #Arun Jaitley #Raghuram Rajan #net profit #bad loans #Gross NPA #October-December quarter
ICICI Bank Q3 net profit slips as bad loans surge

Jan 28, 2016

ICICI Bank Q3 net profit slips as bad loans surge

ICICI Bank today reported 4.3 per cent decline in net profit to Rs 3,122 crore for the quarter ended December 31 on account of rising bad loans. #ICICI Bank #NPA #net profit #October-December quarter #Q3-FY2016
Better jobs, income boosting home loan demand from small cities; banks buck corporate slowdown

Jan 28, 2016

Better jobs, income boosting home loan demand from small cities; banks buck corporate slowdown

India's banks, struggling to boost mainstay corporate loans, are finding a bright spot in a home-buying spree in the country's towns that has driven mortgage-loan growth to the fastest rate in at least six years. #Narendra Modi #ICICI Bank #SBI #Axis Bank #Mortgage loan #home loan growth #Jayanthy Lakshmi