26 June 2017

Record low credit growth: 1,000 companies borrowed Rs 1 trillion less in FY17

According to SBI chief economic adviser Soumya Kanti Ghosh, who penned the report, this could either be perceived as lower debt utilisation levels or prepayment through internal accruals or through asset sale.

The post Record low credit growth: 1,000 companies borrowed Rs 1 trillion less in FY17 appeared first on The Financial Express.

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26 June 2017

Banks may have to take 60% haircut on 12 largest NPAs: Crisil

The strong steps taken by Reserve Bank to resolve NPAs are likely to raise provisioning by a whopping 25 per cent this year as lenders will take up to 60 percent hair cut while resolving these accounts.

The post Banks may have to take 60% haircut on 12 largest NPAs: Crisil appeared first on The Financial Express.

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26 June 2017

Some banks risk $240 million research loss as MiFID gives low-cost players a leg-up

Some global investment banks risk losing up to $240 million in business by 2020 as a regulatory overhaul, which will change the way securities research is priced and used, makes independent firms more attractive for clients, a financial consultancy said.

The post Some banks risk $240 million research loss as MiFID gives low-cost players a leg-up appeared first on The Financial Express.

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25 June 2017

One online security breach can push bank by $1.75 million

An incident involving a bank's online banking services could cost the organisation $1,754,000 (about Rs 11.31 crore), a report by cybersecurity firm Kaspersky has found.

The post One online security breach can push bank by $1.75 million appeared first on The Financial Express.

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25 June 2017

IDFC Bank elevates Sunil Kakar as MD and CEO for 3 years

Private sector lender IDFC Bank today announced the elevation of its CFO Sunil Kakar as the Managing Director and Chief Executive Officer of the company.

The post IDFC Bank elevates Sunil Kakar as MD and CEO for 3 years appeared first on The Financial Express.

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Recent News
  • Record low credit growth: 1,000 companies borrowed Rs 1 trillion less in FY17

    According to SBI chief economic adviser Soumya Kanti Ghosh, who penned the report, this...

    26 June 2017

    Read More

  • Banks may have to take 60% haircut on 12 largest NPAs: Crisil

    The strong steps taken by Reserve Bank to resolve NPAs are likely to raise provisioning...

    26 June 2017

    Read More

  • Some banks risk $240 million research loss as MiFID gives low-cost players a leg-up

    Some global investment banks risk losing up to $240 million in business by 2020 as a re...

    26 June 2017

    Read More

  • One online security breach can push bank by $1.75 million

    An incident involving a bank's online banking services could cost the organisation $1,7...

    25 June 2017

    Read More

  • IDFC Bank elevates Sunil Kakar as MD and CEO for 3 years

    Private sector lender IDFC Bank today announced the elevation of its CFO Sunil Kakar as...

    25 June 2017

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    23 June 2017

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