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ICRA warns of significant jump in bad loans in current fiscal year

ICRA warns of significant jump in bad loans in current fiscal year SECTIONS Share Synopsis The ratings firm, expects, loan restructuring at 1.3-1.5% of the advances, much lower than its initial estimates. Despite the impact of Covid-19 pandemic on debt servicing ability of borrowers, the gross fresh slippages for banks stood much lower at Rs 1.8 lakh crore at the web of December 2020, as compared to Rs. 3.6 lakh crore same time the year prior. ThinkStock Photos Gross bad loans were at 8.6% as on March 2020 and 8.3% (proforma basis) at the end of December 2020. Bad loans of Indian banks could rise significantly in the current fiscal year as government and the Reserve Bank of India rollback regulatory and fiscal support measures, according to domestic rating agency ICRA. Banks could see gross bad loans rise to 9.7% at the end of the fiscal year March 2021 and 10.2% by the end of fiscal year 2022,

Bank asset quality may suffer as impact of relief measures dwindles: Icra

Bank asset quality may suffer as impact of relief measures dwindles: Icra
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Will a halt to bull run end brokers honeymoon with retail investors?

Will a halt to bull run end brokers’ honeymoon with retail investors? SECTIONS Share Getty Images NSDL crossed the 2 crore mark in demat accounts, riding on the surge in retail investor participation since last March. Related NSE Explore Now NEW DELHI: No matter whether you made money in the breakneck stocks rally in last one year or not, brokers definitely got richer at a much faster clip, thanks to a surge in trading volume. But that period of stupendous growth might be getting over. CDSL, which provides depository services, added over 1 crore investors in the last one year. It now has 3 crore demat accounts. Its rival NSDL crossed the 2 crore mark in demat accounts, riding on the surge in retail investor participation since last March.

Regulating the financial sector - a challenge for the sector, but must for consumer confidence

Regulating the financial sector - a challenge for the sector, but must for consumer confidence SECTIONS Last Updated: Feb 26, 2021, 04:33 PM IST Share Synopsis Panellists at the ET India Inc Boardroom emphasised the need for banks to invest in digital technology to bring down costs, and drive better delivery. ET Online Banks, NBFCs, asset management companies and insurance providers have, for long, dominated the narrative when it comes to the financial sector in India. However, as the BSE Sensitive Index, or Sensex, touched the magical 50000-point mark, there was one sector that suddenly found itself in the limelight. The Indian Broking Industry.

What changed for the market while you were sleeping? Top 10 things to know

What changed for the market while you were sleeping? Top 10 things to know Sandip Das © Sandip Das What changed for the market while you were sleeping? Top 10 things to know The Indian stock market is expected to open on a positive note as trends on SGX Nifty indicate a positive opening for the index in India with a 37 points gain. The S&P BSE Sensex fell 400.34 points to 51,703.83 on February 17 while the Nifty50 index declined 104.60 points to 15,208.90. According to pivot charts, the key support levels for the Nifty are placed at 15,148.37, followed by 15,087.83. If the index moves up, the key resistance levels to watch out for are 15,291.87 and 15,374.83.

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