In its rating rationale, Icra said the liquidity profile of the company, along with its subsidiaries, continues to remain stretched as evident from considerable decline in the net cash accruals in FY19 and net-worth erosion d
In FY18, PSBs had written off loans worth Rs 1.28 lakh crore. Had banks not written off loans worth close to Rs 2.06 lakh crore in FY19, the value of non-performing assets (NPAs) in the system at the end of the year would hav
Even as they hailed the proposal to do away with merchant discount rate (MDR) for vendors with a turnover of above `50 crore, payment industry executives are confused how the cost of digital transactions would be covered. MDR
It permitted banks to reckon with immediate effect the increase in FALLCR to the extent of incremental outstanding credit to NBFCs and HFCs over and above the amount of credit outstanding to these entities as on date.
If you look at NBFCs, all of them cannot be put into one category. There are some which are doing pretty well and they are not facing any challenge in generating liquidity. There are others, where there is a perceived threat
The bank’s Rs 1,928-crore exposure to the public-private partnership (PPP) is understood to have been classified as a non-performing asset (NPA) in 2018 and it is currently assessing a restructuring proposal developed by EY
In mobile banking volumes, SBI's FY19-end market share fell to 15.01% from 21.2% a year ago. The bank's market share in the Real Time Gross Settlement (RTGS) channel was flat at over 13%, as compared to 13.36% at the end of F
The growth has come in from retail assets, which is the new division outside microfinance, and from microfinance as well. The growth rate has been high, predominantly because the base was much smaller.
Chennai-based Indian Bank has sought bids from merchant bankers to run the process for its equity fund-raise worth up to Rs 7,000 crore through a follow-on public offer (FPO) or a qualified institutional placement (QIP) of sh
PS Jayakumar, MD and CEO attributed the loss to accelerated provisioning for some accounts and ageing provisions of `900-1,000 crore for the two large NPAs of Bhushan Power and Steel and Alok Industries.
Banks may be apprehending larger slippages in the quarters ahead, with provisions made by a clutch of private sector banks during FY19 rising nearly 13% year-on-year (y-o-y), even as the value of gross non-performing assets (
The State Bank of India (SBI)-led consortium of lenders to Coastal Energen, which owes them Rs 8,176 crore, on Monday sought bids for the stressed power plant from companies, funds and private equity investors.