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1-10 results from 1000 for query «lending»

12 February, 2018 5:07 PM NPAs push Bank of India to ₹2,341 cr. loss

Lender’s provision for bad loans rises State-owned Bank of India reported a net loss of ₹2,341.23 crore in the three months ended December due to a rise in provision for bad loans and lower income from treasury operations. The lender had posted a ₹101.73 crore profit in the third quarter of 2016-17. Gross non-performing assets (NPAs) rose to ₹64,249 crore 31

6 February, 2018 6:48 PM Annual priority sector credit plan for Peddapalli released

At ₹2004.81 core it is 12.84% more than the plan for 2017-18 District Collector A. Sri Devasena formally released the Potential Linked Credit Plan (PLP) for the financial year 2018-19 prepared by the NABARD for Peddapalli district on Tuesday. Taking cognisance of the priorities of the government, like promoting climate-resilient agriculture and doubling 31

31 January, 2018 4:42 AM Mahindra Mutual Fund seeks SEBI fund nod to launch Rural Bharat Yojana

Mahindra Mutual Fund has sought SEBI's approval to launch Mahindra Rural Bharat Yojana, as per the draft offer document on SEBI’s website. The open-ended equity scheme will deploy at least 80 percent of its corpus in equity and equity related instruments in companies having exposure towards rural India, while up to 20 percent can be deployed in companies 44

28 January, 2018 3:20 PM Prompt Corrective Action: Ministry to appraise bank heads

12 lenders under watch on NPA issue. The Finance Ministry would soon initiate a performance review of heads of public sector banks that are under the RBI’s Prompt Corrective Action (PCA) as part of the reform process, official sources said. So far, the Reserve Bank has put 12 public sector banks (PSBs) under watch in view of lagging on certain performance 36

25 January, 2018 12:31 PM PSU bank stocks tumble up to 7% on recap announcement

SBI was the worst hit among the 30-Sensex constituents. PSU bank stocks fell up to 7 per cent on profit-booking a day after the government said it will infuse Rs 88,139 crore capital in 20 public sector banks before March 31. Shares of Punjab National Bank tanked 7.07 per cent, Syndicate Bank 6.92 per cent, Bank of Baroda 6.09 per cent, SBI 4.96 per cent and Oriental 31

12 January, 2018 7:57 AM India’s financials to be revenue opportunity of $175 billion by FY22: UBS

Global brokerage firm UBS believes India financials are a revenue opportunity of USD 175 billion by FY22. Further, it said that it expects banks to raise deposit rates by 50-100 basis points in 2018. Banking and financial companies with strong presence in SME and retail likely to gain market share in lending. In fact, banks with greater customer engagement 25

1 January, 2018 9:10 AM IndusInd Bank raises $500 mn from overseas lenders

IndusInd Bank today said it has raised USD 500 million (about Rs 3,193.75 crore) term loan from overseas lending bodies to expand its business. The private sector bank has concluded the syndicated term loan facility from a group of overseas investors, it said in a regulatory filing. The fundraising, along with the funds raised during the ongoing financial 36

1 January, 2018 2:18 AM BSE Market Holidays 2018: Equity Trading To Remain Shut On These Days In 2018

Indian stock markets are set for 16 market holidays during 2018. The BSE or Bombay Stock Exchange's 30-scrip benchmark index Sensex is one of the most popular benchmark indices. Just like every year, BSE has on its website - bseindia.com - released a list of holidays for New Year 2018. BSE has listed market holidays 2018 for each of three market segments 64

30 December, 2017 2:52 PM Patidar group announces bandh in Mehsana on Monday in support of 'sulking' Gujarat Deputy CM Nitin Patel

Hardik Patel on Sunday urged Nitin Patel to quit the BJP along with 10 party MLAs and join the Congress for a "deserving" position. Ahmedabad: Lending support to Gujarat Deputy Chief Minister Nitin Patel Patidar leader Lalji Patel on Saturday called for a Mehsana `bandh' (general strike) on January 1. He also threatened to call for a state-wide bandh 84

28 December, 2017 10:59 AM Bad loans: India ranks 5th on list of countries with highest levels of NPA

New Delhi: Even as the government is all set to infuse fresh capital in state-owned lenders in the new year as it looks to lift banks out of NPA crisis and revive lending growth from a 25-year low, a new report has stated that India is behind only four countries when it comes to bad loans. A report by CARE Ratings stated that India ranks fifth on a list of countries 39