While economists are unanimous that the central bank would maintain status quo on key rates in Thursday’s policy review, market will keenly watch its commentary on the steps needed to boost credit growth that has touched a historic low of 4.4 per cent in ... The Financial Chronicle, 3 weeks ago
As most of the restructuring schemes have failed to turn around companies, the government and the central bank are now working on a new plan to enable banks to reduce their toxic assets and strengthen their balancesheets. Government sources told FC that as ...The Financial Chronicle, 1 month ago
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
Fear continues to stalk the corner offices and board rooms of prominent PSU banks already encumbered with rising gross non-performing assets (NPAs). The arrests of former chairman of IDBI Bank Yogesh Agarwal and other top officials--including former deputy ...The Financial Chronicle, 2 months ago
on your WebpageAdd Widget >Get your members hooked!