Non-performing assets
Non Performing Assets or NPAs are on the increase of over Rs.1000 crore over the 6 months duration of the calendar 2014. The default payment by the home loan customers are on the rise. Around Rs.6200 crores is said to be the total of the various banks lending such loans to the customers. Details According [...] Continue Reading »
The Reserve Bank of India (RBI) has said about 36 % of the overall 4.1 % bad assets in the system have been created by the six sectors of the economy – infrastructure, metals, textiles, chemicals, engineering and mining. The central bank stated that these sectors, though, have only 30 % of the credit share [...] Continue Reading »
R.P. Singh the chairman of NHAI and his team have come up with some proposals to revive the stressed road ways projects. The board of National Highways Authority of India (NHAI) on Thursday approved a proposal to set up an asset reconstruction company (ARC) to revive the stressed projects. Singh also stated that an asset [...] Continue Reading »
The lenders of the Pink City Expressway are worried as they fear that their project will be soon turning into a non-performing asset (NPA). The Highway Ministry joining hands with the National Highways Authority of India (NHAI) has ordered the banks to replace the developer; else they will cancel the Gurgaon-Jaipur highway project. Close to [...] Continue Reading »
The total income from operations stood at Rs 149.77 crore for the quarter, as compared to Rs 113.64 crore for the corresponding period of last fiscal year, an increase of 31.8%.Repco home finance Ltd has posted an increase of 13.7 per cent in net profit at Rs 31.49 crore for the quarter ended March 31, [...] Continue Reading »
L&T Finance Holdings (L&TFH) on Wednesday said that the company would look for the opportunity to venture into banking and await RBI guidelines before taking a step further. N Sivaraman, president and whole-time director at L&TFH said the company did not getting a bank licence and it would wait for the next opportunity as and [...] Continue Reading »
A net profit of Rs. 370 crore for the quarter ended March 31, up 17.03% y-o-y, was posted by LIC housing on Monday. Compared to Rs.1,023.21 crore last year, net profit for FY14 stood at R1,317.19 crore, an increase of 29%. Net interest margins (NIM) for the entire year were at 2.25%, an increase of [...] Continue Reading »
For the year 2013-14, Gruh Finance Ltd, a housing finance arm of HDFC registered a 21 per cent jump in the net profit. For the year 2013-14, Gruh Finance Ltd, a housing finance arm of HDFC registered a 21 per cent jump in the net profit. In 2013-14 the company’s profit after tax increased from [...] Continue Reading »
Infrastructure sector is likely to be affected by the RBI decision to award the IDFC a full-fledged banking license, as it has been facing a slowdown already and the company was a leading an integrated infrastructure finance player ,as told by the State Bank of India (SBI), the country’s largest lender. Arundhati Bhattacharya, SBI chairperson [...] Continue Reading »
To grow their secured credit portfolio, Banks usually believe housing loans the best bet. Whereas that is frequently the case, some public sector banks have reported higher level of non-performing assets (NPAs) in their housing loan book. At six public sector banks, the finance ministry has showed concern over high home loan NPAs counting the [...] Continue Reading »
