Canara Bank posted a lower-than-expected quarterly net profit on Wednesday, hurt by higher bad loan provisions
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The haircuts have been classified into four categories marginal (less than 25 per cent), moderate (25-50 per cent), aggressive (50-75 per cent) and deep (more than 75 per cent)
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If you're one of the many millennials who are living paycheck to paycheck, it may be time to take a break out of this pernicious and stress-inducing cycle
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Intec Capital is currently engaged in the business of providing loans for acquisition of machinery, loans against collateral and loans for business functioning
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Indian banks need to provide a bare minimum Rs 18,000 crore additionally towards the 12 accounts identified by the Reserve Bank of India (RBI) for reference to the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) in FY18
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Do you hold a traditional life insurance plan that guarantees you certain benefits but doesn't directly show you where your money is invested, like a ULIP does? If yes, chances are that you won't have a valid answer to the seemingly innocuous (and important!) question - "what are the annualized returns that I can expect from this policy?"
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India Ratings, an affiliate of Fitch Ratings, estimated the current average provisioning towards those 12 accounts at 42 per cent
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SBI, the nation's top bank by assets, is selling up to 8 percent stake, or 80 million shares, in the unit as part of the IPO, while BNP Paribas Cardif is selling up to 4 percent stake, or 40 million shares, according to a regulatory filing
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