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Banks bad loans down at Rs 9.34 lakh crore at FY19-end: Nirmala Sitharaman

Wednesday, July 17, 2019, 8:42 AM

Banks bad loans down at Rs 9.34 lakh crore at FY19-end: Nirmala Sitharaman

Total bad loans of commercial banks declined by Rs.1.02-lakh-crore to Rs.9.34-lakh-crore in the 2018-19 fiscal on the back of steps taken by the government, Finance Minister Nirmala Sitharaman said. Sitharaman said the SCBs effected record recovery of Rs.4,01,424 crore over the last four financial years, including record recovery of Rs.1,56,746-crore during 2018-19 ( provisional data for 2018-19, as reported by RBI on July-9, 2019).

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RBI may cut interest rate by at least 25 bps on Thursday: Experts

Monday, June 3, 2019, 3:07 PM

RBI may cut interest rate by at least 25 bps on Thursday: Experts

The Reserve Bank may go for another round of rate cut, third in a row, on Thursday to prop up the economic growth which dropped to a five-year low in the final quarter of 2018-19, opined experts. The RBI's Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy on Thursday amidst Narendra Modi-led government starting its second term.

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Ranveer Singh: The new blue-eyed boy of the brand world

Monday, February 18, 2019, 8:05 PM

Ranveer Singh: The new blue-eyed boy of the brand world

Ranveer Singh-starrer Gully Boy is trending well at the box office with its four-day collection standing at Rs.72.15 crore. Film experts are confident that the film will do Rs.100 crore business in its first seven days. Gully Boy's success has consolidated Singh's position in the superstar league. And this is good news for the actor both in terms of film business and endorsement deals.

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Govt, RBI developing new system to collect information on NBFCs

Sunday, January 6, 2019, 5:04 PM

Govt, RBI developing new system to collect information on NBFCs

Lack of real-time data on NBFCs (non-banking financial companies) has pushed authorities to develop a system for more information about the sector as the government and the RBI are creating a new data source on such companies, The Indian Express reported. The NBFC sector has been witnessing liquidity crunch following the IL&FS crisis since August last year.

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After two years, Uday Kotak now says note ban was poorly executed

Monday, December 10, 2018, 7:54 AM

After two years, Uday Kotak now says note ban was poorly executed

The outcome of controversial demonetisation drive would have been "significantly better" if "simple things" like introducing Rs.2,000 currency notes were avoided, banker Uday Kotak has said. The executive vice chairman and managing director of the fourth-largest private sector lender Kotak Mahindra Bank has also said small businesses are in a difficult situation at present and has welcomed the government focus to revive the sector.

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ING to sell entire stake in Kotak Mahindra Bank

Thursday, November 15, 2018, 9:06 AM

ING to sell entire stake in Kotak Mahindra Bank

Dutch lender ING Group NV is selling the rest of its stake in Kotak Mahindra Bank in a deal that could be valued at Rs.7,600 crore, said investment banking sources. The deal, which is expected to happen this week on the secondary market through block deals, could be done at Rs.1,070 per share, a 5 per cent discount to Wednesday's closing price.

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Five of top 10 firms add Rs 31,381 crore to m-cap

Sunday, October 21, 2018, 9:58 PM

Five of top 10 firms add Rs 31,381 crore to m-cap

Five of the 10 most valued companies in the country together added Rs 31,381.39 crore in market valuation last week, with ITC topping the chart. While HUL, ITC, Infosys -3.09 %, Kotak Mahindra Bank 1.95 % and ONGC saw addition in their market capitalisation (m-cap) for the week ended Friday, TCS, RIL, HDFC Bank -0.35 %, HDFC and SBI finished with losses.

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Sensex, Nifty trading in lower notes

Monday, October 1, 2018, 10:29 AM

Sensex, Nifty trading in lower notes

Sensex was trading at 36,204, down 23.10 points. Nifty was at 10,902, down 28.15 points. Infosys, ITC, and GAIL are the top gainers, while Kotak Mahindra Bank, Yes Bank and J Kumar Infra have lost the most. Shares of Bandhan Bank have plunged 20 percent after RBI froze remuneration to its MD & CEO last week. The Nifty Midcap is down over a percent.

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Kotak Mahindra rolls out mobile medical vans under CSR

Saturday, September 8, 2018, 3:31 PM

Kotak Mahindra rolls out mobile medical vans under CSR

Kotak Mahindra Life Insurance Company Saturday said it has rolled out three mobile medical vans under the corporate social responsibility initiative ‘Life First’, in association with Wockhardt Foundation. As part of the agreement, three medical vans which act as primary healthcare centres on wheels would be managed by the Wockhardt Foundation, a press release said.

News

 
Eight of 10 most valued cos add Rs 66,626 cr in m-cap

Sunday, July 8, 2018, 11:32 AM

Eight of 10 most valued cos add Rs 66,626 cr in m-cap

Eight of the 10 most valued companies added Rs 66,625.6 crore to their market valuation last week, with TCS emerging as the star performer. While Infosys and SBI suffered losses in their market capitalisation (m-cap) for the week ended Friday, TCS, Reliance Industries Limited (RIL), HDFC Bank, HUL, ITC, HDFC, Maruti Suzuki India and Kotak Mahindra Bank made gains.

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