The country’s financial system is stable amid setbacks with NPA cycle and the sharp reduction in the ratio of dud assets to 9.3 percent, the Reserve Bank of India... Read more »
State-owned Bank of Baroda Wednesday reported a net loss of around Rs 991 crore in the Q419. The bank had suffered a net loss of Rs 3,102.34 crore in... Read more »
Domestic rating agency Icra Tuesday said it has downgraded long term rating of IDFC First Bank’s bond programme due to weak earnings and on higher provisions due to stressed... Read more »
Private sector lender ICICI Bank reported a 5% drop in net profit to ₹969 crore in the fourth quarter ended March 31, 2019, as a result of higher expenses. This... Read more »
The Dun & Bradstreet Composite Business Optimism Index stands at 80.6 during Q3 2018, an increase of 11.7% as compared to Q3 2017. Four of the six optimism indices have registered... Read more »
The government is likely to recapitalise some state-run banks in urgent need by up to Rs 10,000 crore within a few days to help them meet regulatory capital requirements,... Read more »
The multi-crore fraud hit Punjab National Bank posted a net loss of Rs 13,417 crore for the fourth quarter (January-March) of 2017-18, a regulatory filing by the company on... Read more »