Shakti Patra

Articles By Shakti Patra

62 Articles

Suryoday Micro Fin raises Rs 100 crore

Small finance bank (SFB) licensee Suryoday Micro Finance has raised R100 crore of fresh equity capital from a clutch of domestic investors, including IDFC Bank, HDFC Standard Life and a couple of other family offices, sources

Suryoday Micro Fin raises Rs 100 crore

Credit Card debt rises to new record; here’s why

The contribution of credit card loans to non-food credit growth hit an all-time high in May 2016, Reserve Bank of India (RBI) data showed. With a rise of Rs 9,722 crore year-on year, credit card debt accounted for 1.92% of th

credit cards News

IBA to meet RBI on new stressed assets resolution scheme

Bankers are wondering whether it would be possible to categorise a certain portion of a company’s debt as unsustainable if they have restructured it under the 5/25 scheme

Banking & Finance News

Private lenders pip PSBs in FY16 CASA deposit growth

As if inferior asset quality, lower loan growth and record losses were not bad enough, public sector banks (PSBs) have lost out to their private sector peers even when it comes to current account savings account (CASA) deposi

Income tax returns filing News

Banks’ loan growth falls to lowest in decade

Loan growth last year crawled to 10.3%, its lowest in at least a decade, reports Shakti Patra in Mumbai.

6 mistakes borrowers make while availing loans  News

India faces prospect of $20 bn in outflows; here’s why Raghuram Rajan is concerned

The Reserve Bank of India (RBI) on Tuesday said it doesn’t expect the leveraged portion of the total FCNR (B) deposits of $26 billion, up for renewal...

India faces prospect of $20 bn in outflows; here’s why Raghuram Rajan is concerned

Lenders turn part of Rs 5,000 cr loans of Patel Engineering into equity via SDR

Meanwhile, the company said in a statement on Wednesday, it had failed to make interest payments for three non-convertible debenture issues of Rs 350 crore due in March.

Lenders turn part of Rs 5,000 cr loans of Patel Engineering into equity via SDR

Private banks pip PSBs in FY16 balance sheet growth

Balance sheets for a clutch of 22 state-owned lenders have expanded by just R3.4 lakh crore in FY16, a smaller increase compared to the rise of R4.3 lakh crore for a group of 13 private sector banks, according to data sourced

Private banks pip PSBs in FY16 balance sheet growth