The government on Monday said the Non Performing Assets (NPAs) of Public Sector Banks (PSBs) stood at Rs 7.27 trillion as on September 30, 2019
The firm believes the stock is better value for money than others and has a upside as high as 73 per cent
This year, more than 50 lenders have announced plans to cut a combined 77,780 jobs, the most since 91,448 in 2015
The labour ministry will enforce the retirement fund body EPFO's decision to restore pension commutation, or advance part-withdrawal, under the Employees' Pension Scheme from January 1, 2020
The trust selected the banks as advisers, said the people, who asked not to be identified as the discussions are private
FPI limit hike will be implemented from April 1, 2020
The strategy has largely paid off, with Morgan Stanley gaining market share even while it reduced headcount and capital dedicated to the business
Reliance Jio, the telecom arm of RIL, last week raised tariff by up to 39 per cent following hikes effected by other service providers.
The bank manipulated the prices of 14 French government bonds and 8 Belgian bonds in June 2015
ICICI Bank last month had reported a 27.94 per cent decline in its standalone net profit for the second quarter of 2019-20
At the bourses, most real estate stocks have given a healthy return in CY19. Godrej Properties, for instance, has rallied 37 per cent.
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SC ruling last week not only paved the way for ArcelorMittal's purchase of Essar Steel India Ltd., but also allowed banks to set the terms of the distribution of sale proceeds among creditors
Uncertainties relating to trade wars, macro data from the United States (US) and reduced scope of monetary policy, however, are the three key risks it cites to its projections
Analysts at Jefferies, however, have a contrasting view and suggest EM debt to be a better bet than equities as things stand
In the investment banking & markets cohort, HSBC was the highest recruiter, extending eight offers
Debt capital market underwriting fees totalled $201.2 million, up 108.7 per cent from a year ago - the best-ever first three quarters since records began in 2000
RIL's restructuring of telecom/ digital business raises focus on asset monetisation and debt reduction, says Morgan Stanley
Morgan Stanley has also set up a platform with Bengaluru-based developer Puravankara Projects for industrial parks
The brokerage said the company's target of zero net debt by FY2021 will help lower investor concerns about debt, which had increased steadily over the past seven years