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Total 59 results found. Search for [ recommendations on NPAs ]

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BusinessToday.In
October 29, 2018
The stock rose up to 9.20% or 29 points to hit an intra day high of 344 level on the BSE. It opened at 328.90 today compared to the previous close of 315.05 on BSE.


BusinessToday.In
October 26, 2018
The stock fell to 168.60 intra day down 15% from its previous close of 198.35 on the BSE. It fell nearly 2 points short of reaching its 52-week low of 166.15 hit on September 28, 2018.


BusinessToday.In
October 22, 2018
The bank reported net profit at Rs 5,005 crore ($682.16 million) for the quarter ended September 30, from Rs 4,151 crore a year ago. Total income for the quarter rose 21.2 per cent to Rs 28,215.2 crore as against Rs 23,276.2 crore, the lender said in a regulatory filing.


Anand Adhikari
September 18, 2018
The BJP-led NDA government probably had the right intention when they knocked on the doors of Ravi Venkatesan, former chairman of Microsoft India and P S Jayakumar, an ex-citibanker turned entrepreneur, for helping them in conducting an experiment of sorts with Bank of Baroda.


Joe C Mathew
New Delhi, September 7, 2018
In a critique of the March 2018 report of the Parliamentary standing committee on energy, CFA has stated that the recommendations suggested by the Committee to address the problem of stressed assets in power sector fall short of addressing the problem in an effective manner.


BusinessToday.In
July 23, 2018
The inter-creditor agreement gives more powers to the lead lender in a consortium and allows a resolution plan to be approved if 66 percent of the banks in the group agree to it.


BusinessToday.In
July 11, 2018
Axis Bank's head hunting for CEO began after it cut short Shikha Sharma's reappointment period till the end of December 2018. In July 2017, the Axis Bank Board had reappointed Sharma as CEO for three years starting June 1, 2018. However, the RBI wrote back to the board asking it to reconsider the decision.


BusinessToday.In
July 6, 2018
The Inter-Creditor Agreement (ICA) framework, which envisages effective communication among lenders and lays down some ground rules for multiple-banking arrangements and consortium lending.


BusinessToday.In
New Delhi, July 5, 2018
Punjab National Bank CEO Sunil Mehta-led panel's 5-point formula to resolve NPAs in the banking system has come up with some outrageous recommendations that are largely aimed at deferring the inevitable, rather than resolving the NPA mess. The panel comprised only PSU bankers. SBI Chairman Rajnish Kumar and Bank of Baroda's BS Jayakumar are the other members of the panel. Watch BusinessToday.In Editor Rajeev Dubey talk about Mehta Panel's 5-point strategy to deal with NPAs.


Rajeev Dubey
New Delhi, July 4, 2018
The recommendations submitted by the committee are truly uni-dimensional as the panel only looks at the bankers' perspective, which is hardly surprising considering it comprised only PSU bankers.


BusinessToday.In
July 3, 2018
The panel, which was set up to study the feasibility of an ARC/AMC for faster resolution of bad loans, has suggested a five-pronged strategy that includes -- SME resolution approach, bank-led resolution approach, AMC/AIF led resolution approach, NCLT/IBC approach, and asset-trading platform.


Mail Today Bureau
June 11, 2018
Indian Bank posted the highest profit of Rs 1,259 crore and Vijaya Bank's profit was Rs 727 crore during the fiscal year. After factoring in the profit of these two banks, the net loss piled up by public sector banks works out to around Rs 85,370 crore in 2017-18 compared with a net profit of Rs 473.72 crore in 2016-17.


PTI
New Delhi, June 10, 2018
Out of 21 state-owned banks, only two -- Indian Bank and Vijaya Bank -- posted profits during 2017-18. Indian Bank posted highest profit of Rs 1,258.99 crore and the Vijaya Bank's profit worked out to be Rs 727.02 crore.


BusinessToday.In
June 9, 2018
Finance Minister Piyush Goyal on Friday said that the committee will make recommendations on setting up of an asset reconstruction or asset management company for faster resolution of stressed accounts, and most of the stressed assets have been identified that could fit into the ARC or AMC structure.


PTI
June 8, 2018



BusinessToday.In
May 23, 2018
\"With significant cleansing of the book largely behind, we expect provisioning expenses to decline sharply, while gradual pick -up in loan growth/margins is expected to further boost earnings. We raise our FY19/20E earnings by 36%/12% and revise our price target to  Rs 365 (1.5x FY20E ABV for bank). Maintain Buy, \" brokerage Motilal Oswal said in its report.


BusinessToday.In
May 8, 2018
At 12:03 pm, the stock was trading 8.15% or 23 points higher at 313.75 level on BSE. On the NSE too, the stock rose 8.09% at 313.65 level. It is set for its biggest gains since October 2017.


BusinessToday.In
April 12, 2018
Former DoPT Secretary Bhanu P Sharma was appointed as the Chairman of the Banks Board Bureau for two years. Until recently, the BBB was headed by the former CAG Vinod Rai.


Mail Today Bureau
April 10, 2018
 Earlier, the RBI had asked the Axis Bank board to reconsider the fourth three-year term it gave to CEO Shikha Sharma last year. The regulator addressed the letter to Axis Bank chairman Sanjiv Misra and gave its reasons for a review. These included the bank's performance and its deteriorating asset quality.


BusinessToday.In
April 2, 2018
Three months into 2018, the Axis Bank has faced issues like an RBI fine for non-compliance with its asset classification norms, exits/forced resignations at the top level, and fighting a legal battle against the Telecom Department's recent order against new bank guarantees from the bank.


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