“I feel that there is tremendous amount of interest outside the banking space and that is again very important because the market is broadening, the sectors are broadening, the themes that are playing out a lot more and this is very important because this makes the longer-term trend much more solid and robust,” says Atul … Read more
“So, at a time where concerns are growing on potential uptick in NPAs, there they could be more concerned. But housing finance tends to be a fully secured business. And as such, NPA concerns out there are lower. So, what you are saying could actually become a reality that this could become a preferred stock … Read more
Chakri Lokapriya, Managing Partner, RSB LLP, says the current Supreme Court ruling on mines, allowing states to collect past dues will mean an outgo of about Rs 60,000 crore for just the PSUs and another Rs 1 lakh crore for the private companies. So, Rs 1,60,000 crore will need to be repaid over the next … Read more
US-based Avenue Capital-backed Asset Reconstruction Company (India) (ARCIL) has bought nearly ₹400 crore worth of bad loans or non-performing assets (NPAs) of Saraswat Bank with a haircut of nearly 86%. Saraswat Bank, one of the largest cooperative banks in the country, sold the NPA portfolio comprising retail and micro, small and medium enterprises (MSME) loans … Read more
K Satyanarayana Raju, MD & CEO, Canara Bank, says they have grown CASA at 5.05%, but in the current quarter whatever growth they targeted for deposits, the same growth they want reflected in the CASA also, so that CASA growth year-on-year at least will touch 8% while deposits will grow at 8-8.5%. Raju further said, … Read more
Infosys. Share Price 1612.75 04:05 PM | 12 Jan 2024 118.55(7.94%) Oil And Natural Gas Corporation. Share Price 223.40 04:05 PM | 12 Jan 2024 11.56(5.46%) Tech Mahindra. Share Price 1308.05 04:05 PM | 12 Jan 2024 58.65(4.70%) LTIMindtree. Share Price 6237.05 04:05 PM | 12 Jan 2024 277.11(4.65%) Tata Consultancy Services. Share Price 3882.80 … Read more
