Balance Sheet News
V-Guard Q4 profit drops 47% to Rs 32 cr due to COVID-19 lockdown; says business to bounce back in coming months
V-Guard's net net revenue from operations for the quarter was Rs 541 crore, declining by 27 percent over the corresponding period of the previous year (Rs 746 crore).
RBI directs banks/FIs to assess impact on balance sheet, asset quality due to coronavirus outbreak
The RBI has asked financial entities to encourage their customers to use digital banking facilities as far as possible
Indian Bank Q3 profit jumps 62% to Rs 247 cr on reduction in bad loans; results very much in line with expectations, says CEO Padmaja Chunduru
Indian Bank's net NPAs as a percentage of assets reduced to 3.5% during October-December 2019-20 from 4.42% in the year-ago period.
Oyo says it is world's third largest hotel chain by room count; UK, US markets remain strong growth drivers for company
Today, Oyo has over 8,50,000 exclusive keys as part of its hotel chain, he added.
Yes Bank clean-up to continue, as CEO Ravneet Gill shifts focus on compliance and governance
Ravneet Gill succeeded Rana Kapoor in March after RBI asked to leave by end January due to a regulatory discomfort.
Jammu and Kashmir Bank's third quarter net profit rises 43% at Rs 104 cr; gross NPAs decline to 9.94%
The gross non-performing assets (NPAs) as a percentage of total advances by end of December 2018 fell to 9.94 percent as against 10.08 percent as on 31 December, 2017.
PNB scam: India is better off with inefficient PSBs than private sector's greed that led to global financial crisis
While debating over the privatisation of public sector banks, we must remember that India was cushioned from the 2007-08 global financial crisis because public sector banks commanded about 70.5 percent market share in the country
Do you think you have the perfect personal finance app? Think again!
Financial apps are essentially designed to help you monitor and track your assets while you stay updated with current events that affect your investment decisions.
US Fed finally sounds hawkish; expect rate hike in March/June 2015
The path to US monetary policy normalization is becoming clearer. Comments by Fed reserve chief Janet Yellen Sep 17 were arguably the most hawkish in recent times.<br />
Full text: US Federal Reserve in no hurry to raise rates even as stimulus ends
Fiscal policy is restraining economic growth, although the extent of restraint is diminishing. Inflation has been running below the Committee's longer-run objective. Longer-term inflation expectations have remained stable.
CIOs Must Account For IFRS In Long Term IT Strategy
CIOs will have to chart a long term strategy to implement IFRS to align the IFRS rollout, with the overall IT strategy.