Bad loan crisis: From South Indian Bank, HDFC Bank to ICICI Bank, Private Banks see rise in June quarter NPAs

Thirteen of the 15 listed private sector banks that have reported their results for the quarter ended June saw their gross non-performing assets (NPAs) rise on a sequential basis, according to data from Capitaline. The two lenders that bucked the trend were YES Bank and Jammu & Kashmir Bank, whose gross NPAs fell 32% and 6%, respectively, from the end of the […]

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Farm Loans form 60 Per Cent of New NPAs: HDFC Bank

HDFC Bank on Monday blamed farm loan waivers for a jump in non-performing assets (NPAs), stating that 60% of incremental bad loans was from the agri segment. The bank said that anticipation of waivers led to farmers from several states avoiding loan repayment. A strong 24% loan growth, however, resulted in the bank recording a net profit of Rs 3,894 […]

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HDFC Bank expands foreign exchange offering in Kerala

HDFC Bank Ltd. on Wednesday, announced the expansion of its foreign exchange offering in Kerala by increasing the product range to include 20 currencies. It now also offers the Haj Umrah ForexPlus card, which is aimed at meeting the requirements of Haj pilgrims, customers, as well as businesses. Pilgrims can use this card to make all payments during the pilgrimage […]

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HDFC Bank vies for bond crown amid record sales

HDFC Bank Ltd is threatening to end Axis Bank Ltd’s decade-long reign as the largest arranger of rupee-denominated corporate bonds as sales climb to a record for a third straight year. India’s most valuable bank has managed Rs481.5 billion ($7.5 billion) of offerings so far this year, jumping 11 notches from 2014 to number two on Bloomberg’s league table. Businesses in Asia’s […]

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