Yes Bank’s share price crashed 5% in the morning trade on Wednesday a day after rating agency Moody’s downgraded its ratings and changed the outlook to negative from stable. Yes Bank’s share price crashed 5% in the morning trade on Wednesday a day after rating agency Moody’s downgraded its...
JCCI against making J&K Bank a PSU Jammu Chamber of Commerce and Industry (JCCI) Tuesday voiced concern over “politicising the autonomy” of J&K Bank and advised against making it a public sector undertaking (PSU). “The chamber took a serious view of the attempts being made to politicise the autonomy...
In a huge setback for Yes Bank, rating agency Moody’s on Tuesday downgraded the rating of the Indian private bank. In a huge setback for Yes Bank, rating agency Moody’s on Tuesday downgraded the rating of the Indian private bank. Moody’s downgraded the bank’s foreign currency issuer rating to Ba1′...
Only four of these 11 banks under the PCA framework have shown improvement in their profits. The Reserve Bank of India’s efforts to resurrect weak banks by bringing them under the prompt corrective action (PCA) framework show a different picture altogether as none of the 11 banks has seen...
Write-offs are part of a regular exercise by banks to clean up their balance sheets and avail tax benefits. (Reuters) Loans written off by a clutch of 18 large and mid-sized public sector banks in the July-September quarter of FY19 rose 41.5% year-on-year (y-o-y) to over Rs 9,000 crore,...