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Profit in public sector banks plunges 27% to Rs 37,000 cr in FY14

Aug 05, 2014

Profit in public sector banks plunges 27% to Rs 37,000 cr in FY14

Noting that rise in non-performing assets of PSBs was a matter of concern, the junior finance minister said that "although the gross NPAs have increased at system level, the gross NPAs ratios of banks do not indicate any systemic vulnerability". #NewsTracker #SBI #Canara Bank #Nirmala Sitharaman #Bank of Baroda #Corporate Debt Restructuring #Financial Stability Report #PNB #non performing assets
Want railways to contribute to growth? Govt may have to invest Rs 90,000 cr a year

Jun 27, 2014

Want railways to contribute to growth? Govt may have to invest Rs 90,000 cr a year

The former RBI deputy governor said that the government would need to major investments and restructure the railways for it to contribute to growth. #restructuring #Investment #Indian Railways #Growth #Railway Budget
Modi's restructuring sees 17 ministries clubbed under 7 ministers

May 27, 2014

Modi's restructuring sees 17 ministries clubbed under 7 ministers

In a restructuring of his Cabinet, Prime Minister Narendra Modi today combined 17 related ministries into seven different groups, including some infrastructure departments, in an apparent bid to ensure synergy and better results. #restructuring #Narendra Modi #NewsTracker #Modi #Narendra Modi as PM #Modi's cabinet #Modi PM Cabinet
Rahul effect? Gujarat Congress suspends 23 absentee leaders

Jan 30, 2014

Rahul effect? Gujarat Congress suspends 23 absentee leaders

The Gujarat Congress on Wednesday removed 23 members of its state executive including a vice-president and two general secretaries, because they had skipped two meetings in a row without obtaining prior permission. #Politics #restructuring #India #BJP #NewsTracker #Rahul Gandhi #Gujarat state Congress #Party indiscipline #Congress state level meetings
Thanks to UPA, next govt may have to deal with a crippling banking crisis

Jan 15, 2014

Thanks to UPA, next govt may have to deal with a crippling banking crisis

If the elections throw up a hung Parliament, economic uncertainty will only aggravate. This will increase the pain in the banking system. #Economy #UPA #WhatNext #CRISIL #Loan Restructuring #Corporate debt #Banking Crisis

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Thanks to UPA, next govt may have to deal with a crippling banking crisis

Sep 18, 2014

Microsoft cuts 2,100 workers as part of restructuring

Microsoft Corp. is firing 2,100 workers Thursday, part of a plan announced in July to eliminate 18,000 jobs to streamline the workforce and integrate the acquisition of Nokia Oyj’s handset unit...
Thanks to UPA, next govt may have to deal with a crippling banking crisis

Sep 16, 2014

Special Supervision on Corpbank Extended by Two Months

The Bulgarian National Bank's Governing Council has decided that Corporate Commercial Bank (Corpbank or KTB) and its subsidiary Victoria will remain under conservatorship until November 20 and 22, respectively. Bulgaria's central bank (BNB) has also ... #Bulgaria #Commercial Bank
Thanks to UPA, next govt may have to deal with a crippling banking crisis

Sep 18, 2014

More than half of Irish SMEs say they're in better shape than before the downturn

MORE than half of Irish SMEs believe that their businesses are now in better financial shape that they were before the economic crisis, while 87pc are positive about the outlook for the country's economy in the year ahead. But the survey by PWC of co... #China #Europe