Corporate earnings to remain muted next fiscal too: Report
Corporate sector earnings growth would continue to be muted in FY16 and the proposed increase in government expenditure is the only silver lining which could help marginally, according to India Ratings.
Mar 05, 2015, 18:45 PM IST
SBI reports profits of Rs. 2,910 crore in Q3
State Bank of India reported Q3 profits of Rs 2,910 crores, compared to Rs. 2,234 a year earlier, marking a rise of 30.3 percent.
Feb 13, 2015, 12:34 PM IST
BoI net plunges 70% as bad loans, provisions soar
State-run Bank of India (BoI) today reported a massive 70 per cent dip in its net profit at Rs 173 crore in the quarter to December, from Rs 586 crore a year ago, driven down by a spike in bad loans and the resultant higher provisioning.
Feb 12, 2015, 19:57 PM IST
United Bank profit at Rs 41.78 cr in Q3
State-owned United Bank of India today posted net profit of Rs 41.78 crore for its third quarter ended December 31 despite increase in bad loans.
Feb 10, 2015, 15:07 PM IST
Guidelines soon for converting banks' NPAs to equity in cos
As banks seek to convert their distressed debt into equity in cases of corporate defaults on loans, financial regulators SEBI and RBI are in discussions to put in place a mechanism for such share purchases by lenders.
Dec 09, 2014, 22:27 PM IST
NBFCs' bad loans level may go up to 6.1% in over 3 years: Care
NBFCs have witnessed a stress in asset quality during the last two-three years due to weak operating environment and economic downturn.
Dec 07, 2014, 12:46 PM IST
Winsome Group's loan default smacks of criminal conspiracy?
The documents raises suspicion that a part of the loan was diverted abroad to businesses outside India.
Aug 20, 2014, 10:53 AM IST
Union Bank of India Q1 profit up 18.5% at Rs 664 crore
Union Bank of India today reported 18.5 percent increase in net profit at Rs 664.11 crore for the first quarter ended June 2014.
Aug 01, 2014, 16:59 PM IST
PNB Q1 profit rises 10% to Rs 1,405 crore
State-owned Punjab National Bank on Friday posted a 10.2 percent growth in net profit at Rs 1,405 crore during the April-June quarter, helped by a rise in interest income.
Jul 25, 2014, 14:00 PM IST
'Govt, pvt sector need to work for affordable housing for all'
To meet its target of providing housing to all by 2022, the government alongwith the private sector needs to work to increase the supply of low-income houses, which would translate into business opportunity of Rs nine lakh crore for the developers, a recent report said.
Jul 24, 2014, 21:58 PM IST
