The central bank has asked lenders to spread out in equal instalments provisions they make when they take over troubled loan accounts under a special restructuring programme to deal with stressed assets
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Bankers are of the view that bad loans are set to go up further this quarter as the clean- up continues
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Yes Bank had issued India's first ever Green Infrastructure Bonds for Rs 1000 Crore with green shoe option that witnessed strong demand from leading global and domestic investors.
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Punjab National Bank has declared a list of about 900 wilful defaulters including Winsome Diamonds & Jewellery, Zoom Developers and Nafed, which owe close to Rs 11,000 crore to the lender
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Yes Bank offers a specialised service to India's sportspersons with the 'Yes Garv' proposition, meant specifically to address the needs of India's sporting icons.
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Profits at Standard Chartered plunged 84 per cent last year, its worst result since 1998, sending the bank's shares down as much as 10 per cent on Tuesday
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In its earnings statement, the bank said it was going to stick to delivering on a June strategic plan centred around further expanding into China
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In disasters, where people have limited liquid assets or financial security, having bank accounts is an important step, but it is not enough for financial security
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The government is estimated to have spent Rs 266,700 crore on subsidies in 2015, of which Rs 122,700 crore was spent on food, Rs 71,000 crore on fertiliser and Rs 60,300 crore on oil
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Credit profile of PSBs has worsened because of higher than anticipated stress, slower than expected pace of recovery and weak outlook for several credit intensive sectors
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