According to the RBI's Financial Stability Report, the industry's gross bad loans are at a 14-year high.As the RBI's March 2017 deadline for banks to clean up soured credit looms closer, Shailajanand Mishra takes stock of just how bad the situation is.Illustration: Dominic Xavier/Rediff.comGraphs design: Ashish Narsale/Rediff.com The deadline for the Reserve Bank of India's asset quality review (AQR) is almost upon the banks, but according to the central bank's Financial Stability Report, bad ... Rediff.com, 1 month ago
Investor Rakesh Jhunjhunwala and his family’s net worth in listed companies surges in the recent bull run. Ace investor Rakesh Jhunjhunwala and his family’s net worth in listed companies crossed Rs 10,000-crore, thanks to a sharp rally in some stocks in their portfolio such as Titan Company, Aptech, Dewan Housing Finance Corporation (DHFL), Edelweiss Financial Services, Federal Bank and Escorts. The combined net worth of Jhunjhunwala and his family came in at Rs 10,550 crore, based ...Rediff.com, 1 month ago
Retention of Murthy within the promoter group was crucial for Infosys as the company believed the promoters’ relationship would help the company in difficult times In 2014, when Infosys co-founder N R Narayana Murthy asked the board to reclassify him from promoter to public shareholder, the board persuaded him to continue as promoter, said sources involved in the discussions. According to the sources, Murthy was not comfortable being responsible as promoter for various decisions the ...Rediff.com, 2 months ago
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