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Search results for slippages

NPAs at 12-year low, red flags in some areas, says RBI report
1 week, 3 days ago

NPAs at 12-year low, red flags in some areas, says RBI report

Hindustan Times  

Indian banks’ bad loans fell to their lowest level in 12 years, although early warning indicators suggest potential stress in some sectors, the Reserve Bank of India’s financial stability report stated on Monday. NPAs at 12-year low, red flags in some areas, says RBI report The gross non-performing assets ratio of scheduled commercial banks declined to 2.6% in September 2024, …

Loans Red Report Sector Rbi Banks Ratio
Ghost of microfinance comes back to haunt IndusInd Bank
3 weeks, 4 days ago

Ghost of microfinance comes back to haunt IndusInd Bank

Live Mint  

IndusInd Bank’s shares hit a new 52-week low of ₹965.55 on Friday. IndusInd’s slippages in microfinance lending jumped almost 18% sequentially in Q2 to ₹398 crore. Sure, slippages in vehicle financing, too, rose 5% sequentially in Q2 to ₹692 crore, but the slippage in MFL is more alarming considering that the book size at the beginning of the quarter was …

Microfinance Price Book Quarter Lending Indusind Bank Crore Mfl
Banking revival in 2025: Why strong liability franchises stand to gain
1 month ago

Banking revival in 2025: Why strong liability franchises stand to gain

Live Mint  

Indian bank stocks are waiting for their moment in the sun. Read this | Private lenders see stress in credit cards, personal loans in Q2 Elevated deposit costs and sluggish base growth weighed heavily on net interest margins for both public and private banks. Public vs private banks Credit costs for private banks increased by 10 basis points sequentially, with …

Growth Retail Credit Index Nifty Fii Rbi
SBI Q2 Results: Net profit rises 28% YoY to ₹18,331.4 crore, NII up 5.37%; 6 key highlights
2 months ago

SBI Q2 Results: Net profit rises 28% YoY to ₹18,331.4 crore, NII up 5.37%; 6 key highlights

Live Mint  

SBI Q2 Results: Public sector lender State Bank of India on Friday reported a standalone net profit of ₹18,331.44 crore for the quarter ended September 30, 2024, which was up by 27.92% over ₹14,330.02 crore reported by the company in the year-ago period. Net interest income for the quarter ended September, increased by 5.37% year-over-year to reach ₹41,620 crore, up …

Quarter Net Sbi Sbi Share Price Crore Nii Period Q2
City Union Bank Q4 Results: Net Profit Rises 17% to Rs 254.8 Crore
7 months, 2 weeks ago

City Union Bank Q4 Results: Net Profit Rises 17% to Rs 254.8 Crore

News 18  

City Union Bank on Tuesday reported a 17 per cent jump in its net profit to Rs 254.81 crore for the March 2024 quarter, based on improved recovery from slippages. The Tamil Nadu-based private sector bank’s total income during January-March 2024 rose to Rs 1,549.34 crore, compared with Rs 1,423.09 crore in the year-ago period. For the financial year ending …

Bank 2024 Crore Net Profit
Vignettes of a Janus-faced economy
10 months, 1 week ago

Vignettes of a Janus-faced economy

The Hindu  

Riddled with contradictions, the Indian economy neither offers conclusive evidence of a stellar performance nor of a collapse. ‘Shining India’ Apart from GDP growth, a number of high frequency indicators are used to buttress the argument of the economy moving to a higher growth trajectory. Passenger car sales, domestic air passenger traffic, increase in demat accounts, UPI transactions and the …

India Economy Growth Rural Indian Options Claims
Yes Bank Q3 net profit surges to Rs 231 crore, NII soars to Rs 2,017 crore
11 months, 2 weeks ago

Yes Bank Q3 net profit surges to Rs 231 crore, NII soars to Rs 2,017 crore

India TV News  

Yes Bank reported a net profit of Rs 231 crore for the October-December quarter of 2023-24, 349.70 per cent higher Rs 52 crore figure in the same period the previous year, which was significantly impacted by provisions made for the transfer of sour loans to an asset reconstruction company. In the preceding September quarter, Yes Bank's net profit stood at …

Bank Crore Cent Quarter Kumar Net Net Profit
Crisil downgrades Bandhan Bank’s NCDs on poor asset quality
1 year ago

Crisil downgrades Bandhan Bank’s NCDs on poor asset quality

Live Mint  

Rating agency Crisil has downgraded the non-convertible debentures of Bandhan Bank owing to the delay in improvement of its asset quality and profitability to pre-covid levels. Bandhan Bank's managing director Chandrashekhar Ghosh clarified to Mint that these NCDs were issued by the erstwhile Gruh Finance, which later got merged with the bank four years ago. "Despite momentary correction in fourth …

Quality Bank Asset Bandhan Bank
The Ambedkar touch in rethinking social justice policies
1 year, 1 month ago

The Ambedkar touch in rethinking social justice policies

The Hindu  

Modern democracy is synonymous with both the values of social harmony and reforms that ensure dignity and self-respect to its participants, especially the historically deprived and socially marginalised people. Though various political regimes vouch to implement social justice policies, this has little impact in ensuring the significant participation of the worst-off social groups in the domain of power. Ambedkar’s principles …

Economy Social Justice Justice Social Market Dalits Economic Development
IMF agrees to release $7.5 billion to cash-strapped Argentina as its economy reels from drought
1 year, 5 months ago

IMF agrees to release $7.5 billion to cash-strapped Argentina as its economy reels from drought

Associated Press  

BUENOS AIRES, Argentina — The International Monetary Fund said Friday that it reached an agreement with Argentina that would open the door for the cash-strapped South American country to receive $7.5 billion over the next few months as part of an existing program. With the terms announced Friday, the IMF seeks “to support Argentina’s policy efforts and near-term balance of …

Argentina Imf Agrees
Pvt banks' slippages, write-offs from COVID recast almost double than that of PSBs : Report
1 year, 6 months ago

Pvt banks' slippages, write-offs from COVID recast almost double than that of PSBs : Report

The Hindu  

Private sector banks' slippages and write-offs from loans restructured after the COVID-19 pandemic are almost double than that of their State-owned peers, a report said on Friday. Private sector banks have seen slippages and loan write-offs at 44%, as against 23% in case of public sector banks, the report by India Ratings and Research said, calling the trend “surprising”. “Banks …

Covid Banks Asset Private Sector Banks
Death of an Author Prophesies the Future of AI Novels
1 year, 8 months ago

Death of an Author Prophesies the Future of AI Novels

Wired  

Death of an Author doesn’t try to hide many of the quirks that come from collaborating with ChatGPT, which favors Thomas Pynchon-esque monikers, like a literary agent named Beverly Bookman, and fake book titles, such as God, Inc. and Tropic of Tundra. One character walks away “like a record being put back in its sleeve.” Workers at a tech company …

Death Ai Author Llm Marche
After a rough Q3, City Union Bank’s path remains uncertain
1 year, 10 months ago

After a rough Q3, City Union Bank’s path remains uncertain

Live Mint  

Shares of City Union Bank fell by almost 16% on Monday. To be sure, slow loan growth, and the lack of deposit mobilisation are a key overhang on the stock, that could exert pressure on net interest margin, going ahead. According to Krishnan, “Deceleration in loan growth is likely to be a common theme for most mid-sized banks including CUB, …

Growth Management Bank Loan Cub Loan Growth Deposit Mobilisation
Democracy and its structural slippages
1 year, 11 months ago

Democracy and its structural slippages

The Hindu  

The democracy that is functional around the world today — even as it has a long history of evolution — was essentially a 19th century to 20th century western creation. The uniformity takes the form of periodic multi-party “free and fair” elections and guarantees of various kinds of freedoms, especially of the market. But the practice of elections belies even …

History Elections Equality Democracy Vote Form Individual
Credit challenges: On credit flow and all-round capital spending
2 years ago

Credit challenges: On credit flow and all-round capital spending

The Hindu  

The Reserve Bank of India’s ‘Report on Trend and Progress of Banking in India’, paints a picture of credit growth having rebounded smartly, with the consolidated balance sheets of Indian commercial banks showing double-digit expansion after a seven-year gap. With retail inflation and concerns about price stability eroding savers’ real returns as well as confidence to save, banks have found …

Growth Credit Banks Credit Growth
RBI is ready to defend financial stability: Das
2 years ago

RBI is ready to defend financial stability: Das

Live Mint  

The Reserve Bank of India recognizes that global challenges could affect the local economy and is monitoring the situation along with other financial regulators, governor Shaktikanta Das said. “The international economic order stands challenged; financial markets are in turmoil due to monetary tightening in most parts of the world; food and energy supplies and prices are under strain; debt distress …

India Stress Financial Capital Financial Stability Rbi Banks
Challenges of sub-national fiscal correction
2 years, 4 months ago

Challenges of sub-national fiscal correction

The Hindu  

Recent concerns over excessive doling out of freebies by States are often interpreted as intrusion into the federal powers of the States. As both the Union government and States are expected to work closely in a co-operative federal structure, frictions arising out of these exchanges might have repercussions on both resource sharing and expenditure prioritisation. While States demand more fiscal …

India Debt Public Expenditure Revenue Spending Centre Many States
Federal Bank Becomes India's First Bank To List Payment Gateway On New Tax Platform
2 years, 5 months ago

Federal Bank Becomes India's First Bank To List Payment Gateway On New Tax Platform

News 18  

Federal Bank has become India’s first bank to list its Payment Gateway platform on the income tax department’s TIN 2.0 platform, which went live on July 1 this year. “With an increasing number of digital-first folks joining the workforce and scaling up of digital transactions across the ecosystem, we are sure that taxpayers will appreciate the convenience of tax payments …

Tax Bank Payment Payment Gateway Crore Cent Tin
Yes Bank is confident of 15% credit growth in FY23
2 years, 5 months ago

Yes Bank is confident of 15% credit growth in FY23

Live Mint  

Yes Bank management on Saturday said that it is confident of meeting the 15% credit growth guidance for the fiscal year 2023, even as it reported a 50% year-on-year jump in net profit during the first quarter of the fiscal year owing to lower provisions. The private sector lender reported a net profit of ₹314 crore at the end of …

Bank End Crore Quarter Q1Fy23 Net Npa
Yes Bank Q1FY23 results: Net profit jumps 50%, total income rises 9.67%
2 years, 5 months ago

Yes Bank Q1FY23 results: Net profit jumps 50%, total income rises 9.67%

Live Mint  

Yes Bank Q1FY23 results: Yes Bank today announced its results of the first quarter for the financial year 2022-23. The private lender also reported a YoY jump of 9.67 per cent in total income whereas its income from interest has shot up 13.47 per cent in the said period. Net interest income of Yes Bank in Q1FY23 stands at ₹1,850 …

Bank Income Crore Cent Yoy Yes Bank Total Income
OPINION | Startup Challenges: Is it the VC who should be hung?
2 years, 8 months ago

OPINION | Startup Challenges: Is it the VC who should be hung?

India Today  

In the last few months, we have seen startups being embroiled in corporate governance issues, typically involving their founders. This is stupendous growth for any economy, and it has been possible to a large extent because of the venture capitalists or VC's providing unflinching financial backing to these hordes of startups. However, it is these very same VC's that some …

India Corporate Governance Startup Startups Large
BoB’s Q2 show leaves much to be desired
3 years, 1 month ago

BoB’s Q2 show leaves much to be desired

Live Mint  

Bank of Baroda’s September-quarter performance didn’t have many reasons to cheer. Bank of Baroda’s domestic loan book was propped up by a double-digit expansion in its retail loan book. Bank of Baroda’s corporate loan book was flat from a year ago. Revival in corporate loan growth would be critical to show a decent loan book growth in FY22 for not …

Growth Bank Book Chadha Bank Of Baroda Unsecured Loans
‘PSU banks’ bad-loan additions may moderate’
3 years, 10 months ago

‘PSU banks’ bad-loan additions may moderate’

The Hindu  

Indian state-owned lenders are expected to see additions to bad loans moderate, but structural issues at the banks could cap returns on their stocks, Morgan Stanley said on Thursday. “Over the past few years, state-owned enterprise banks have seen significant capital infusion by the government, lower risk-weighted assets’ density, higher provisioning and some large recoveries,” the brokerage said in a …

Banks Bad Loans Loans Moderate
Indian Army plugs 'critical vulnerabilities' in Ladakh after intel push
4 years, 3 months ago

Indian Army plugs 'critical vulnerabilities' in Ladakh after intel push

India Today  

As the military standoff in Ladakh enters its sixth month, it has come to light that the Indian armed forces have been compelled to rapidly plug a series of critical vulnerabilities and disadvantages in Ladakh flagged up in an intelligence assessment submitted to the Ministry of Defence and Prime Minister's Office in September. The report, compiled by the intelligence agencies, …

Intelligence Indian Report Chinese Ladakh Intel India Today