Banking Sector Stares At Additional Rs. 40,000 Crore NPAs

Banking Sector Stares At Additional Rs. 40,000 Crore NPAs

New Delhi: The banking sector fears accretion of more than Rs. 40,000 crore of bad loans to its books following recent classification of eight consortium accounts of Axis Bank as non-performing assets by the RBI. The Reserve Bank has directed...
read more
Bad loans and stressed assets in banks estimated at Rs 10 trillion

Bad loans and stressed assets in banks estimated at Rs 10 trillion

Bad loans and stressed assets in Indian banks are estimated at Rs 10 trillion ($153.49 billion), Chief Economic Adviser Arvind Subramanian said on Wednesday. India announced on Tuesday a Rs 2.11 trillion recapitalization plan for its state-owned banks over the...
read more
Banking Sector Stares At Additional Rs. 40,000 Crore NPAs

Banking Sector Stares At Additional Rs. 40,000 Crore NPAs

New Delhi: The banking sector fears accretion of more than Rs. 40,000 crore of bad loans to its books following recent classification of eight consortium accounts of Axis Bank as non-performing assets by the RBI. The Reserve Bank has directed...
read more
A Small Business Owner Who Appeared With Trump At A Healthcare Event Says He Was “Duped” And An “Idiot”

A Small Business Owner Who Appeared With Trump At A Healthcare Event Says He Was “Duped” And An “Idiot”

Last Thursday, Donald Trump signed an executive order on healthcare, surrounded by Republicans and business leaders. Evan Vucci / AP The White House said the order is “promoting healthcare choice and competition,” but many saw it as an attempt t...
read more
McDonald’s dispute puts channel partners at a sticky spot

McDonald’s dispute puts channel partners at a sticky spot

Food and raw material suppliers, mall operators and employees of McDonald’s are an agitated lot these days because of its decision to close 169 outlets across north and east India in view of its legal battle with franchise partner Vikram...
read more
Nandan Nilekani must stay at Infosys for 2-3 years, Ravi needs to go: Ex-CFO Balakrishnan

Nandan Nilekani must stay at Infosys for 2-3 years, Ravi needs to go: Ex-CFO Balakrishnan

Infosys ex-CFO V Balakrishnan has said new chairman Nandan Nilekani should continue his stint for 2-3 years to chart out a proper succession plan and ensure that efforts of the company to be professionally-managed do not “fail again”. Balakrishnan, who...
read more
1 2 3 45