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More steps in offing to empower banks to recover bad loans: FM

Feb 12, 2016

More steps in offing to empower banks to recover bad loans: FM

Amid mounting NPAs of public sector banks, Finance Minister Arun Jaitley today said the government is considering more steps to empower banks to recover bad loans and the problem will be contained soon. #RBI #Arun Jaitley #Raghuram Rajan #NPA #PSU banks #bad loans #PSBs
There is a good news in rising bank NPAs and for that Rajan should get the credit

Feb 12, 2016

There is a good news in rising bank NPAs and for that Rajan should get the credit

Even though it might cause pain in the immediate future, it’s good that banks are forthcoming in recognising bad loans, since this can help addressing the hidden rot in their books. #RBI #SBI #Raghuram Rajan #bad loans #PNB #PSU bank #PSBs #Gross NPAs
State Bank of India's  profit down 67%, bad loans bulge 28% on quarter

Feb 11, 2016

State Bank of India's profit down 67%, bad loans bulge 28% on quarter

tate Bank of India today posted 67 per cent decline in consolidated profit to Rs 1,259.49 crore for the third quarter ended December 31, 2015-16, on account of higher provisioning for bad loans. #SBI #NPA #Profit #Earnings #bad loans
Identity theft: Fraud cases in auto, mortgage loans and credit cards segment rise

Feb 10, 2016

Identity theft: Fraud cases in auto, mortgage loans and credit cards segment rise

Frauds due to applicants submitting fraudulent contact information has risen by 3% contributing to 18% of all detected frauds #Credit cards #auto #Identity theft #mortgage loans #Experian India #fake documentation #Fraud Report 2016
Here is how PSU banks' bad loans burnt Rs 137,000 cr investor wealth in six months

Feb 10, 2016

Here is how PSU banks' bad loans burnt Rs 137,000 cr investor wealth in six months

Investor exit has wiped out aggregate market-cap of Rs 136,661 crore from a total of 23 listed PSU banking stocks in nearly six months period #Sensex #nifty #NPA #UCO Bank #bad loans #BSE Bankex #PNB #Finance Minister Arun Jaitley #Indradhanush #PSU banking stocks
Explained in 5 charts: How Indian banks' big NPA problem evolved over years

Feb 10, 2016

Explained in 5 charts: How Indian banks' big NPA problem evolved over years

For years, Indian lenders, especially state-run banks, were engaged in volume game to balloon their balance sheets and appease their promoter (the government). #RBI #Arun Jaitley #NPA #bad loans #state-run banks #PM Modi #PSBs #Gross NPAs
IOB Q3 net loss widens to Rs 1,425 cr on mounting bad loans

Feb 10, 2016

IOB Q3 net loss widens to Rs 1,425 cr on mounting bad loans

Indian Overseas Bank (IOB) today reported widening of net loss to Rs 1,425.06 crore for the December quarter on the back of higher provisioning against bad loans. #RBI #NPA #bad loans #Indian Overseas Bank #Net loss #IOB
Honda Cars India and Magma Fincorp tie up for car finance scheme

Feb 09, 2016

Honda Cars India and Magma Fincorp tie up for car finance scheme

Through this scheme, customers can avail loans of up to 90 per cent on the cost of the car for a tenure of up to five years #loan #Honda #magma #automonitor #honda car finance
Strike in Delhi to continue even as east and north MCDs accept loan by AAP govt as grant

Feb 03, 2016

Strike in Delhi to continue even as east and north MCDs accept loan by AAP govt as grant

The agitating MCD staff refused to call off their strike even as mayors of the north and east Delhi municipal corporations said they will accept the loan. #India #BJP #Delhi #NewsTracker #Arvind Kejriwal #loan #MCD #Garbage #Aam Aadmi Party #AAP #Delhi CM #grant #MCD Strike
Here is the catch in SBI's new home loan scheme for youngsters

Feb 03, 2016

Here is the catch in SBI's new home loan scheme for youngsters

State Bank of India (SBI), country’s largest lender, has announced a home loan scheme--SBI FlexiPay Home Loan-- under which the customer needs to pay only the interest component in the initial few years #SBI #HDFC #Deepak Parekh #Home loan #DSK #EMI #Real estate #Tata Capital #Home sales #LTV #teaser loan #FlexiPay #Jayanthi Lakshmi