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    1. Business News
    2. Authors
    3. shakti patra

    Shakti Patra

    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…

    By Shakti Patra
    July 8, 2016 06:13 IST
    credit cards
    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…

    By Shakti Patra
    Updated: July 2, 2016 08:35 IST
    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…

    By Shakti Patra
    Updated: June 28, 2016 07:41 IST
    Income tax returns filing
    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…

    By Shakti Patra
    June 15, 2016 06:10 IST
    6 mistakes borrowers make while availing loans 
    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.

    By Shakti Patra
    June 10, 2016 06:59 IST
    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)…

    By Shakti Patra
    June 8, 2016 07:13 IST
    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…

    By Shakti Patra
    June 2, 2016 07:18 IST
    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…

    By Shakti Patra
    June 1, 2016 07:14 IST
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