Last Updated: Thursday, July 31, 2014, 21:03
In June last year, non food credit had risen 13.5 percent, the Reserve Bank data on sectoral deployment of bank credit showed
Last Updated: Thursday, July 31, 2014, 14:32
On a standalone basis, the bank posted 17 percent rise in net profit at Rs 2,655 crore.
Last Updated: Thursday, July 31, 2014, 09:03
A US judge Wednesday ordered Bank of America to pay a $1.3 billion penalty for selling bad loans to mortgage finance firms Fannie Mae and Freddie Mac amid the housing crisis.
Last Updated: Wednesday, July 30, 2014, 18:34
The Finance Ministry has constituted a panel to give more teeth to the debt recovery laws to effectively deal with wilful defaulters and check bad loans which have soared to Rs 2.40 lakh crore.
Last Updated: Tuesday, July 29, 2014, 16:40
Tightening the regulatory noose around wilful defaulters of bank loans, RBI has suggested to watchdog Sebi that such entities should be prevented from raising funds through capital markets.
Last Updated: Thursday, July 24, 2014, 16:45
Housing loans to self-employed people are more "susceptible to default" than those given to the salaried class due to possible volatilities in income, India Ratings said today.
Last Updated: Tuesday, July 22, 2014, 23:09
India today stressed on capital increase and reforms in the World Bank to reflect the new world order and enhance the capacity of the global institution to fund poverty alleviation programmes.
Last Updated: Friday, July 18, 2014, 18:35
RBI has advised boards of banks not to levy usurious interest rate including processing and other charges on loans.
Last Updated: Wednesday, July 16, 2014, 20:54
EMI on home loans is expected to come down by 8-10 percent following the RBI's move to ease norms for banks to raise long term funds for financing affordable housing projects, consultant KPMG said on Wednesday.
Last Updated: Wednesday, July 16, 2014, 18:16
Going by the 90-day due rule, which qualifies an asset as bad for commercial banks, delinquencies increased to 4.5 percent as of March 2014 as against 3.6 percent in the year-ago period, it said.
Last Updated: Monday, July 14, 2014, 21:59
The Reserve Bank Monday directed non-banking financial companies (NBFCs) not to levy pre-payment penalties on floating rate term loans, including housing loans.
Last Updated: Sunday, July 13, 2014, 14:50
Reserve Bank Governor Raghuram Rajan had also said last week that the most immediate problem confronting the banking system was that of rising level of stressed assets.
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