Banks need to urgently reduce stressed assets: RBI deputy Governor

Last Updated: Tuesday, September 15, 2015, 10:39

His comments come as the central bank has been pushing banks to reduce the amount of their non-performing assets and start lending again.

LIC Housing Finance looks at securitisation of Rs 5,000 crore loan

Last Updated: Saturday, September 12, 2015, 15:48

Simply put securitisation of loan is selling the loan portfolio to a buyer for a consideration. The loan book that thus sold will not figure in the balance sheet of the seller.

Mutual Fund industry AUM slips 5% to Rs 12.55L crore in Aug

Last Updated: Monday, September 7, 2015, 18:04

The mutual fund industry witnessed a drop of nearly 5 percent in assets under management (AUM) to Rs 12.55 lakh crore in August, mainly on account of fall in inflow into such schemes.

UBI looks to bring down gross NPA below Rs 6,000 cr

Last Updated: Friday, August 28, 2015, 17:33

The gross NPA level in percentage terms was around 9.5 percent.

UBS pays $1.7 mn for `apparent` sanctions violations

Last Updated: Friday, August 28, 2015, 02:08

The Swiss bank UBS has agreed to pay US authorities $1.7 million to settle "apparent" violations of rules banning transactions benefiting officially designated terrorists, the Treasury Department said Thursday.

Greek privatisations to go ahead: outgoing economy minister

Last Updated: Wednesday, August 26, 2015, 21:39

"The agreed arrangements have been agreed and will be applied," Georges Stathakis told reporters in answer to a question on the planned privatisation of Piraeus port, the national railway company and a string of other ports and airports.

ICRA sees NPAs jumping to 5.9% by March from 4.4% in FY15

Last Updated: Wednesday, August 26, 2015, 21:24

The banking sector is likely to end the current fiscal with increased gross non-performing assets (NPAs) at 5.3-5.9 percent, primarily due to the withdrawal of the regulatory forbearance on restructured advances by the Reserve Bank from this April, ratings agency Icra said Wednesday.

Aircel-Maxis: SC stays ED proceedings to attach Sun TV assets

Last Updated: Friday, August 21, 2015, 19:00

The Supreme Court on Friday stayed the proceedings undertaken by the Enforcement Directorate (ED) to provisionally attach Sun TV network's assets worth Rs 742 crore in the Aircel-Maxis deal case.

All-out efforts on to bring down PSU banks' NPA: Jaitley

Last Updated: Friday, August 21, 2015, 14:27

Jaitley was inaugurating 109 new branches and 109 Bunch Note Acceptors (BNA) on the Indian Bank Foundation Day.

Difficult to give fresh loans to NPA accounts: SBI

Last Updated: Thursday, August 20, 2015, 15:50

Country's largest lender State Bank of India on Thursday expressed concerns about giving fresh loans to accounts which have become non performing assets(NPA) and said the banks do not have any incentive by doing so.