47 of 48 analysts recommend buy and 1 has a hold rating — a ratio of 98% that’s the highest since June 2004. SBI posted a record profit in the latest quarter that beat estimates.
Mallya had filed a renewed application to appeal against UK court orders in the case from last year, which had allowed for an adjournment of bankruptcy proceedings.
SBI’s bad loan ratio fell to 5.28% in September end from 5.44% three months earlier, but the bank warned that it expects further $2.7 billion of loans to sour over next 6 months.
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.
While SBI has predicted nearly 11% contraction for the whole year and negative growth in all four quarters, others have also revised already-bleak estimates.
In a plea to SC, lenders said any move to ban bankrupt companies such as Aircel & RCom from selling airwaves, leased from govt, will sink their insolvency resolution process.
Banks are relying on a pick-up in economic activity amid unlock phase and borrower profiles to expect that majority of loans under moratorium won’t turn bad.
One has to be incredibly credulous to buy BJP spin masters’ argument that the government got rid of Vice President Jagdeep Dhankhar for harmonious relationship with the judiciary.
Modi government had also made numerous efforts to establish peace with Pakistan but has now adopted a different path, militarily, to establish peace, adds defence minister.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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