Mumbai: The Reserve Bank today allowed banks to refinance existing infrastructure project loans through take-out financing agreements with any financial institution. “Banks can refinance their existing infrastructure project loans by entering into take-out financing agreements
Mumbai: The banking system's slippage to recovery and upgradation ratio has shot up to 257 as of March 2013 from 217 in March 2011 as banks have failed to implement efficient and speedy measures for
New Delhi: Attributing rising bad loans in the banking sector mainly to large borrowers, Finance Minister P Chidambaram today said the government will monitor 30 NPA accounts of each PSU bank to recover dues and
New Delhi: Concerned over defaults by big borrowers, Finance Minister P Chidambaram today said the government is monitoring the top 30 NPA accounts in each PSU bank and asked the lenders to set up separate
Mumbai: Mortgage lender HDFC on Monday posted a 10.27 percent jump in its standalone post tax profit for the September quarter at Rs 1,266.33 crore.It had posted a net profit of Rs 1,151.12 crore in
New Delhi, July 11: Dismissing concerns of rising bad loans, ICICI Bank Managing Director and CEO Chanda Kochhar today said that banking sector unlikely to witness any substantial shocks on account of NPAs and the
New Delhi, Jun 10: Amid concerns over moderation in economic growth and rising bad loans, finance minister Pranab Mukherjee will meet on Tuesday with heads of public sector banks to discuss credit flow to productive
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