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The performance of scheduled urban cooperative banks (SUCBs) deteriorated significantly between March and September 2019.The Reserve Bank of India estimates the gross non-performing asset (GNPA) ratios of all scheduled banks could…

The central bank, in order to bring clarity, is also examining the role and scope of forensic audit along with timelines.The Reserve Bank of India (RBI) on Friday said that steps were being taken to integrate the fraud reporting of NBFCs…

However, in the continued business, the growth rate stands at 89.2%. We forecast residual business CAGR of 29.5% over CY19-21. Tax rate should aid growth next year.As the record date for the demerger of the Power Grid business was set as…

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After a long gap of four years and amid rising coal imports, the Centre earlier this month managed to allocate five captive coal mines to private companies.The coal ministry on Friday cancelled allocations of six blocks with state-run…

In FY19, banks had reported 6,801 cases of fraud involving Rs 71,543 crore.Frauds reported by banks during the first half of the current fiscal touched an all-time high amount of Rs 1.13 lakh crore, owing to delay in detection by…

In most cities, onion prices were ruling at Rs 100/kg.Retail onion prices on Friday remained higher at up to Rs 150 per kg even as the imported supplies have started arriving to boost the domestic availability and check prices. In…

MARKETWATCH FRONT PAGEWall Street is looking at another record session for Friday, and warning bells are going off for some. Our call of the day says don’t get tempted into stocks right now,…

Many international agencies have also revised downward their economic growth forecast for FY20.As the GDP growth has plunged to an over six-year low of 4.5 per cent in the second quarter of the ongoing fiscal, credit expansion may…

Regarding liquidity, we have never faced any trouble in raising funds for growth, even at the peak of liquidity stress.Gold loan NBFC Manappuram Financerecorded a second quarter consolidated net profits of Rs 402.28 crore in the current…