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Rupee slips further, down 9 paise at 71.28 against dollar

Tuesday, January 22, 2019, 7:07 AM

The rupee weakened by 9 paise to close at 71.28 against US dollar amid rise in demand for the greenback from exporters and unabated foreign fund outflows. This is the second successive session of fall for the Indian currency, during which it has lost 25 paise. Forex traders said foreign fund outflows and a stronger dollar impacted the trading pattern for the local unit.
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Public sector banks recovery against NPAs doubles this year

Thursday, December 27, 2018, 7:11 AM

Public sector banks reported recovery of Rs.60,713Cr against NPAs in first-half of current-year, which is double of amount recovered in the corresponding period last-year and more significant returns on high-value accounts are expected, government has said. The government said rise in NPAs was in good-part due to banks being made to recognise stressed assets as NPAs and the withdrawal of restructuring schemes in 2017-18.
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No respite for Bank of India, amid RBI vs Govt over PCA

Tuesday, November 13, 2018, 8:43 AM

One of the main issues of contention between the government and the Reserve Bank of India (RBI) is the prompt corrective action (PCA) framework for banks. Now, it pays to see how the banks that have come under PCA have performed. Bank of India is the fifth lender among the 11 under PCA to report September quarter results, and the signs are mixed.

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