According to prudential norms of the Reserve Bank of India, if an account is classified as an NPA in a given year, the interest earned of the account has to be reversed. The lender's net interest margin (NIM) fell by 24 basis
About 63% respondents said their last divestment was driven by a need to streamline their operating model, with 86% adding that it will continue to be a key factor in their divestment plans over the next 12 months.
“The first tower is already leased out to four vendors. The second tower across 2.4 lakh sq ft is under construction and we plan to complete Phase 1 before the end of 2019. The whole business park will be completed within t
Caught under the idling fleet capacity across key trucking centres in the country with sharp fall in rentals due to poor freight availability, the truckers will find it difficult to absorb any cost escalations arising out of
During Tuesday’s proceedings, senior advocate Kapil Sibal appearing on behalf of Standard Chartered Bank, a secured creditor of Essar Steel, said ArcelorMittal should not be allowed to add working capital to brighten up its
Reliance Jio is the only operator which has added 9.48 million subscribers in March, whereas all other operators, including state-run BSNL which has been consistently adding subscribers recently, have reported a net loss of u
The one-month rupee non-deliverable forwards (NDF) in the offshore markets cooled by 75 paisa to Rs 69.97 on Monday — the lowest in the past two weeks – as the investor sentiment improved after favourable exit polls numbe
The deceleration in loan disbursements by housing finance companies (HFCs) could have a spillover impact on both retail home loan borrowers and property developers, according to India Ratings and Research (Ind-Ra).
The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the brand name Amul, on Monday decided to hike milk prices by Rs 2 per litre of all six brands being sold in major markets of Delhi
The Supreme Court on Monday sought response from IL&FS Financial Services’ former vice-president and director Hari Shankaran on the pleas by the government and Infrastructure Leasing and Financial Services (IL&FS), seeking
As per the complaint, Royal Enfield had first sought to buy regulator-rectifiers from Flash, but when the parties could not agree on the price, the company secretly reverse-engineered its products and copied its patented tech