What new debt recast numbers reveal: No more free lunch to crony promoters
Dinesh Unnikrishnan123 • 10 years agoThe reduction in June CDR numbers no way indicates that the underlying stress in the books of banks have eased miraculously
Jaitely’s reluctance to fund banks is dangerous; weak lenders will derail India story
Dinesh Unnikrishnan123 • 10 years agoDoes this government have the courage to embrace such a radical reform step?
Punjab National Bank's numbers signal persisting pain on public sector banks
Dinesh Unnikrishnan123 • 10 years agoUntil this point, the script for state-run banks is not that different from what was seen in the recent quarters
Bank of India plunges 6% after Q3 net falls 70% on high provisioning
Fp Archives • 10 years agoState-owned Bank of India (BoI) today reported a steep 70.4 percent fall in net profit to Rs 173.38 crore for the third quarter ended 31 December on account of higher provisioning and subdued growth in interest income.
RBI gets cracking, raises provisioning for recast loans
Fp Archives • 12 years agoThe provisioning requirements for restructured loans of banks has been raised to 5 percent from existing 2.75 percent. The new norms would be applicable on fresh cases. For existing ones, the raise has been proposed in a phased manner.
SBI rules out cutting lending rates due to hike in provisioning
Fp Archives • 12 years agoSBI Chairman said the bank will lose Rs 300 crore because of the additional provisioning requirement while gain from the CRR cut is only Rs 225 crore