Net income jumped to Rs 45.7 billion for the 3 months to September, beating a Rs 36.9 billion average estimate. Bad loan ratio fell slightly to 5.28%, compared with 5.44% at June end.
Credit history only after debt recast would be taken into account for new loans. Banks will allow recast only if income impacted between February and August.
Dinesh Khara, who was one of the SBI MDs handling global banking and subsidiaries, is set to begin his three-year term Wednesday. He succeeds Rajnish Kumar.
Report correlates high Covid fatality rate in Tamil Nadu, Punjab, J&K, Maharashtra & West Bengal to their high elderly population. But experts refute this assertion.
The advisers will help evaluate the capital structure of India’s biggest insurer as well as aid the company in reworking its financial statement ahead of its initial share sale.
If NCLT admits Anil Ambani into the bankruptcy process, a list of all claims against him will be compiled and a repayment plan will be worked out, according to rules.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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