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Bank union opposes public sector banks’ ‘loan melas’ on NPA pile-up fears

banks, stressed assets, NPAs, non-performing asets, bad loans

Bank union opposes public sector banks’ ‘loan melas’ on NPA pile-up fears The Maharashtra State Bank Employees Federation (MSBEF) on Monday opposed ‘loan melas’ organised by state-owned banks, saying that credit granted without much diligence at such events lead to pile-up of non-performing assets. Such ‘melas’ add to the retail Non-Performing Assets (NPAs) for the lenders as ...

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Gas Stocks: City gas players to gain from higher allocation: 3 stocks with up to 13% upside potential

Gas Stocks: City gas players to gain from higher allocation: 3 stocks with up to 13% upside potential [ad_1] The CGD sector is showing robust growth signs due to rising demand for cleaner fuels, expansion of transmission network and favourable regulatory environment. The government aims to increase the natural gas share in its energy mix from 6% in 2019 to ...

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Banks, financial markets strong enough to withstand extreme volatility: Das

RBI Governor Shaktikanta Das

Banks, financial markets strong enough to withstand extreme volatility: Das Reserve Bank Governor Shaktikanta Das on Monday said despite the latest headwinds arising from the Jackson Hole summit leading to extreme volatility, our banking system and financial markets are strong enough to withstand such pressures. Taking the markets by surprise, US Fed chair Jerome Powell had told ...

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Mirae Asset: Put money into equities in systematic manner, keep expectations in low teens: Neelesh Surana, Mirae Asset

Mirae Asset: Put money into equities in systematic manner, keep expectations in low teens: Neelesh Surana, Mirae Asset [ad_1] The earnings trajectory will remain steady and investors should put money into equities in a systematic manner and keep expectations in low teens, Neelesh Surana, CIO, Mirae Asset Investment Managers tells ET Wealth. How are you reading the market rebound? Does ...

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What are the risks to be aware of while using apps on your phone?

What are the risks to be aware of while using apps on your phone? [ad_1] Ritesh Chopra, director, sales & field marketing, India and SAARC at Nortonlifelock. How can people safeguard their digital devices? Cyber crime has moved away from just virus attacks to privacy and identity theft. Usually, you shut down your PC after using it, but you never ...

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Rupee held its own despite sharp depreciation in other currencies: RBI Guv

RBI governor Shaktikanta Das

Rupee held its own despite sharp depreciation in other currencies: RBI Guv Despite extreme volatility in global stock markets, especially after US Federal Reserve chairman Jerome Powell’s Jackson Hole symposium remarks last week, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday that the Indian rupee has “held its own” and moved in an “orderly manner at ...

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