Page 3170 - Finance News
As NPAs rise, stress on bank assets to stay for 12 months
NPA percentage in loans may touch 10% by March 2013, up from 5% in March 2011
SBI plays down S&P move, says asset quality to improve by March
Agency's downgrade forms only a small portion of the bank's overall rating
Diamond exporters look to domestic market as rupee gains strength
The Indian currency has recovered by about Rs 4 a dollar since June
Rupee down 12 paise to 52.80/dollar
Fresh dollar demand from banks despite the latter being weak in overseas mkt amidst persistent capital inflows affected rupee
RBI to issue Rs 50 denomination notes with rupee symbol
The year of printing, 2012, will be on the reverse of the note
Deposits grow by 10%, credit by 6% in H1
The RBI had indicated annual growth of 16% in deposits and 17% in credit by the end of current financial year
HDFC Bank's Q2 net rises 30%
Retail loan growth, stable margin drive earnings growth asset quality remains healthy
SBI expects 16-18% credit growth in FY 13
Credit growth of banks has been flat in the second quarter at 0.1% to 16.4%, according to RBI data
LPG consumers need not panic: IOC, BPCL
They also clarified that there was no shortage of both domestic subsidised & domestic non subsidized LPG refill cylinders
SBI expects 16-18% credit growth in FY13
In the second quarter, credit growth of banks stood at 0.1-16.4%, according to the Reserve Bank of India
Total FII holding in HDFC rises to 69% in Jul-Sept
This, despite foreign entities like Citigroup and Carlyle exiting the housing finance major in recent months
Rupee down 25 paise to 53.06/dollar
Extends previous losses at Interbank Foreign Exchange due to increased demand for dollar