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2 mins read
IIFCL profit rises 44% to highest-ever of ₹1,552 crore in FY24
He said, for the first time, the profit before tax has crossed Rs 2,000 crore. During the yea…
PTI
2 mins read
Yes Bank Q2 net profit jumps 48% on low base; says unsecured book reporting stress
Yes Bank on Saturday reported an over 47% increase in its net profit at Rs 228.64 crore in the Sept…
1 min read
IndusInd Bank Q2 profit up 22% to Rs 2,202 crore
IndusInd Bank on Wednesday posted 22% rise in consolidated net profit at Rs 2,202 crore for Septemb…
PTI
1 min read
Bandhan Bank Q2 profit jumps over 3-fold to Rs 721 crore
Bandhan Bank on Wednesday reported over three- fold jump in net profit at Rs 721 crore for the seco…
PTI
3 mins read
Banks write off Rs 14.56 lakh crore NPAs in last nine financial years
Scheduled Commercial Banks (SCBs) have recovered an aggregate amount of Rs 2,04,668 crore in wr…
PTI
1 min read
Canara Bank Q1 profit surges 75% to ₹3,535 cr aided by fall in bad loans, interest income rise
The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 5.15 …
PTI
3 mins read
Measures taken by IIFCL to keep bad loans under check: Parliamentary panel
The company has put in place a Board approved Management Policy which lays out the Directives…
PTI
2 mins read
Charlie Munger warns of stress in the US commercial property market with banks carrying a lot of bad loans as prices slump
"A lot of real estate isn't so good anymore," Berkshire investing legend Charlie Munger told the Fi…
Carla Mozée
2 mins read
Bad loans at ICICI Bank have never been this low in the last seven years
ICICI Bank has become the top performer on the benchmark index Nifty 50 on Monday with its shares r…
1 min read
Wall Street's top 4 banks wrote off $3.4 billion in bad loans from borrowers who couldn't keep up in the first 3 months of 2023
JPMorgan, Citigroup, Wells Fargo and Bank of America wrote off $3.4 billion in bad loans from borro…
Zinya Salfiti
The vicious circle behind bad loans. Should banks be revealing the names of the big loan defaulters?
Here is what proxy advisory firm founders- Amit Tandon, Founder & MD, IIAS and Shriram Subramanian,…
3 mins read
Indian Overseas Bank lost six years and half its business to clean up its bad loans but the market is cheering
Shares of Indian Overseas Bank scaled new heights, as the Reserve Bank of India (RBI) lifted the ba…
2 mins read
Here's how the government’s new debt relief scheme for small business owners will work
Individuals with an annual income of ₹60,000 or less and assets worth up to ₹20,000 are elig…
2 mins read
Yes Bank is denying reports that its new CEO Ravneet Gill is getting rid of its top brass.
Yes Bank is denying reports that its new CEO Ravneet Gill is getting rid of its top brass. A Mint…
2 mins read
India's Supreme Court order against the RBI will be a huge relief for 75 borrowers with loans worth over ₹2.4 trillion
The Supreme Court has rejected an order from the RBI which gives banks a 180-day period for the r…
2 mins read
More pension for bank employees to overseas listing roadmap — these are the highlights from Finance Minister Nirmala Sitharaman's EASE 4.0 address
EASE 4.0 is the fourth edition of the Indian government’s Enhanced Access and Service Excellence…
2 mins read
A new ruling on forensic audits just gave banks more power to corner stubborn borrowers
In doing so, the NCLT established a significant precedent for future cases: a 51% vote by a comp…
2 mins read
India's real estate bad loans have nowhere to go but up for now, according to a major Swiss bank
However, a report published this week, by Credit Suisse has given investors a reality check for …
2 mins read
India’s central bank says that Yes Bank is no longer lying about its bad loans
The central bank signed off on Yes Bank’s financial statements for the year ended March 2018 in …
4 mins read
Yes Bank's 15-month journey from regulatory crackdown to finding a new CEO
Gill’s appointment caps a tumultuous period for Yes Bank, following a clampdown by India’s c…