Raghuram Rajan: For high growth, India must resolve problem of bad loans, revive stalled infra projects

Raghuram Rajan: For high growth, India must resolve problem of bad loans, revive stalled infra projects

India must fix the balance sheets of its banks and debt-ridden companies, work to revive the stalled infrastructure projects, especially in the power sector, and focus on exports, if it is serious about getting its economy back on track, former...
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One Fifth Of IDBI Bank’s Loans Turn Bad In Q4, Shares Plunge

One Fifth Of IDBI Bank’s Loans Turn Bad In Q4, Shares Plunge

IDBI Bank shares plunged as much as 9 per cent on Thursday after the state-owned bank said that more than one fifth of its advanced turned bad in the March quarter. IDBI Bank, which reported its earnings for the January-March...
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Big Banks Cut Home Loans Rates, Special Discounts for Women

Big Banks Cut Home Loans Rates, Special Discounts for Women

India’s largest private sector lender ICICI Bank cut its home loan rates by 0.3 per cent for loans up to Rs. 30 lakh, a move that was matched by HDFC Bank on Monday bringing them in line with the country’s...
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Banks’ loans rose 5.8% in two weeks to December 9: Reserve Bank

Banks’ loans rose 5.8% in two weeks to December 9: Reserve Bank

Indian banks’ loans rose 5.8 per cent in the two weeks to Dec. 9 from a year earlier, while deposits rose 15.9 per cent, the Reserve Bank of India’s weekly statistical supplement showed on Friday. Outstanding loans rose by Rs....
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Loans Against Property Pose Increasing Risks: Moody’s

Loans Against Property Pose Increasing Risks: Moody’s

New Delhi: Moody’s Investors Service on Friday said the overall asset profile of property retail loan portfolio of banks is stable although risks are rising in the non-traditional loan against property segment. “Growth in loan against property (LAP...
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SBI Net Dips 99.6% To Rs 20.7 Crore On Mounting Bad Loans

SBI Net Dips 99.6% To Rs 20.7 Crore On Mounting Bad Loans

Mumbai: A massive pile up of bad loans at its subsidiaries pulled down by 99.6 per cent the consolidated net profit of nation’s largest lender SBI to Rs 20.7 crore for the September quarter, while its standalone provisioning rose 3-fold....
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