Emkay Global Financial ServicesNSE -2.15 % has said in a recent report that Yes Bank’s asset- quality woes may continue. After Yes Bank reported a weak set of results last week, the report said that the company needed “regular capital dose to thrive.” Emkay said that Yes Bank’s fresh NPAs “were sky-high at Rs 59 […]

WASHINGTON: Investors can find no better place in the world than India that has a democracy loving and capitalist respecting environment, Union Finance Minister Nirmala Sitharaman has said. She also assured international investors at an interaction session at the IMF’s headquarters that the government was continuously working to bring reforms. “It (India) is one of […]

For bankers, bad loans due to an economic downturn is par for the course. Bigger worry is corporate fraud. With ‘extend and pretend’ coming to an end, banks are hesitant to report frauds. For a better system, banking industry needs to be prompt in reporting and action. At a recent bankers’ summit organised by a […]

MUMBAI: The Serious Fraud Investigation Office (SFIO) has asked India’s top law firms and consultants to disclose all information they have on IL&FS, the country’s largest shadow bank which collapsed a year ago. The central agency under the Ministry of Corporate Affairs (MCA) has sought information for the past 10 years when the firms had […]

The effects of slowdown in various pockets of the consumption economy which impacted credit growth in domestic banks is gradually waning as consumers are back to spending with the onset of festival season, said State Bank of IndiaNSE -1.16 % chairman Rajnish Kumar. “We have seen that traditionally in the festive period between September and […]

NEW DELHI: Reeling under a prolonged slowdown, Maruti Suzuki India (MSI) reduced its production by 17.48 per cent in September, making it the eighth straight month when the country’s largest car maker lowered its output. The company produced a total of 1,32,199 units in September as against 1,60,219 units in the year-ago month, Maruti Suzuki […]