Balance Sheets

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Balance Sheets - Total results - 9
SBI complains to CBI after Rs 411 cr loan defaulters flee country; account had become NPA in 2016
Business

SBI complains to CBI after Rs 411 cr loan defaulters flee country; account had become NPA in 2016

Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank, they said.

Global economy continues to slide as coronavirus outbreak worsens; uncertainty to remain for several months: Moody's
Business

Global economy continues to slide as coronavirus outbreak worsens; uncertainty to remain for several months: Moody's

A sharp contraction of the global economy, at least in the second quarter, appears imminent, it said in its latest special series 'Credit Risks in Turbulent Times.'

RBI will continue to monitor activity, performance of shadow banking sector; final guidelines to be issued soon: Shaktikanta Das
Business

RBI will continue to monitor activity, performance of shadow banking sector; final guidelines to be issued soon: Shaktikanta Das

The RBI chief also urged Indian public sector banks (PSBs) to not depend solely on government capital infusions to solidify their balance sheets.

Fitch downgrades ICICI Bank, Axis Bank rating by a notch; India's banking sector expected to be below-average over next two years
Business

Fitch downgrades ICICI Bank, Axis Bank rating by a notch; India's banking sector expected to be below-average over next two years

Fitch further said ICICI Bank's core capitalisation is higher than that of most other Indian banks

Bimal Jalan panel holds first meet to examine reserve size of RBI, dividend to be given to govt; report likely in April
Business

Bimal Jalan panel holds first meet to examine reserve size of RBI, dividend to be given to govt; report likely in April

The government and the RBI under previous governor Urjit Patel had been at loggerheads over the Rs 9.6 lakh crore surplus capital with the central bank.

Govt moves NCLT to reopen IL&FS group balance-sheets; court seeks views of statutory bodies, regulators
Business

Govt moves NCLT to reopen IL&FS group balance-sheets; court seeks views of statutory bodies, regulators

This is the first time that government has invoked the powers under Section 130 0f the new Companies Act of 2013 to reopen ledgers of a company.

Bank frauds: Relevant to ask if those auditing balance sheets have truly done their duty, says President Ram Nath Kovind
Business

Bank frauds: Relevant to ask if those auditing balance sheets have truly done their duty, says President Ram Nath Kovind

When banking scandals take place, large borrowers abscond and leave their banks in the lurch or as in the Satyam case, where promoters themselves embezzled funds, it represents a breach of faith, President Ram Nath Kovind said.

IMF suggests India three steps to sustain high growth rate; expects recovery to continue in FY 2018-19
Business

IMF suggests India three steps to sustain high growth rate; expects recovery to continue in FY 2018-19

The IMF Board is tentatively scheduled to meet on 18 July for its annual India meeting.

Find out how effective ERP system improves every aspect of business
Business

Find out how effective ERP system improves every aspect of business

An ERP system also enables a company to review costs over a period of time, or according to a specific classification.