| RBI to issue circular on NPA provisioning soon | 16-NOV-09 |
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| The Reserve Bank of India (RBI) today said it will soon come out with norms for banks to augment the capital requirements that the lenders have to keep aside against bad assets. |
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| Provisioning issues | 09-NOV-09 |
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| The broader indices were in the correction mode in the recent past, but the new RBI provisioning stipulations ensured that banking stocks suffered more. The BSE Sensex lost around 5 per cent in the last fortnight whereas the losses for BSE Bankex were nearly double that figure. |
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| Kotak Mahindra Bank consolidated net up 86 % | 28-OCT-09 |
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| Private sector lender Kotak Mahindra Bank posted 86 per cent growth in consolidated net profit to Rs 300 crore from Rs 160.9 crore in the corresponding quarter last year. |
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| ABN Amro Bank NPAs shoot up near three times in FY'09 | 18-SEP-09 |
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| The India arm of global lender ABN Amro Bank, whose retail business is reported to be on the block, has recorded a near three-fold growth in bad loans during 2008-09.
The net Non-Performing Asset (NPA) ratio — a pointer to the loans that are considered bad — of ABN Amro has gone up to 2.2 per cent of its assets suggesting that the foreign bank is just a shade better than the crisis ridden Citibank, the RBI data |
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| PNB to sell NPAs worth over Rs 540 cr | 14-SEP-09 |
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| Public sector lender Punjab National Bank plans to offload non-performing assets (NPAs) aggregating Rs 548 crore to trim portfolio of bad loans and improve financial profile. |
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| IOB seeks Rs 1,000-crore capital infusion from government | 10-SEP-09 |
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| Chennai-headquartered Indian Overseas Bank (IOB) has written to the government for a capital infusion of about Rs 1,000 crore to maintain a capital adequacy ratio (CAR) of 12 per cent and to ensure a credit growth of 20 per cent in the next 3 years. |
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| Private equity investors bet big on Indian SMEs | 01-SEP-09 |
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| Small and Medium Enterprises (SMEs), to which most banks are chary of lending, are being actively wooed by private equity (PE) investors. According to industry representatives around 70 per cent of the PE investment that came into India last year was invested in SMEs. |
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| RBI rolls back floating provision norm | 28-AUG-09 |
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| The Reserve Bank of India has gone back on its stand on floating provision and it is now left to banks on how they want to treat such provisions. |
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| Mjunction to sell NPAs online | 25-AUG-09 |
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| eCommerce firm mjunction has announced the launch of a service, valuejunction, to help clients sell their idle assets. The business-to-business company, which had already roped in about 45 clients for the new service, planned to add another 15 by the end of the year. |
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