Axis Bank, promoter United India Insurance settle non-disclosure case with Sebi

Mumbai: has paid Rs 41.4 lakh to Sebi to settle its case of non-disclosure of information relating to offloading of the bank’s shares by its promoter United India Insurance Company(UIIC). The non-life insurer also paid Rs 10.1 lakh to the regulator to settle the same case. Sebi said it noted in the investigation that during […]

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Banks’ bad loan provisioning falls for fourth consecutive quarter in Q3

ET Intelligence Group: The aggregate bad loan provisioning by banks fell sequentially for the fourth consecutive quarter in December though some of them increased COVID related provisioning. For a sample of 28 banks, provisioning for bad loans or nonperforming assets (NPA) fell by 27.5% sequentially to Rs 24,149.7 crore in the December quarter. It was […]

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To Covid and Back: Retail loan recovery nears pre-crisis levels

The microfinance segment, however, bucked the trend, reporting stagnant-to-declining collection efficiency for most players. Synopsis Top mass lenders across all retailing asset classes — SBI, HDFC, Kotak Mahindra and Axis — reported collections exceeding 95%. The microfinance segment, however, bucked the trend, reporting stagnant-to-declining collection efficiency for most players. MUMBAI: The grim shadow of Covid […]

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To Covid and Back: Retail loan recovery nears pre-crisis levels

The microfinance segment, however, bucked the trend, reporting stagnant-to-declining collection efficiency for most players. Synopsis Top mass lenders across all retailing asset classes — SBI, HDFC, Kotak Mahindra and Axis — reported collections exceeding 95%. The microfinance segment, however, bucked the trend, reporting stagnant-to-declining collection efficiency for most players. MUMBAI: The grim shadow of Covid […]

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