Non Performing Asset
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Sensex jumps 130 points; banking stocks rally amid fresh inflows by foreign funds and positive global cues
•However, with the emergence of buying towards the close of the session, Sensex wiped off losses and hit a high of 36,037.35 before settling 0.36 percent higher.
DHFL Q2 profit rises 52% at Rs 439 crore on healthy growth in loan disbursements; total income up by 32%
•The company had earned a profit of Rs 288 crore in the same quarter of the previous fiscal, DHFL said in a statement.
Bank of Baroda posts 19.7% increase in Q2 profit at Rs 425.4 crore; total income stands at Rs 13,429.95 crore
•Bank of Baroda had posted a profit of Rs 355.36 crore in July-September quarter of 2017-18
Congress hits back at Arun Jaitley for 'clown prince' remark, calls him 'court jester' writing 'wasteful' blogs
•The Congress hit back at Finance Minister Arun Jaitley on Thursday, accusing him of "lying" on the issue of Non Performing Assets.
LIC-IDBI deal: Insurance board to meet today to decide on 51% stake hike plan, timeline, strategy
•In August, the Union Cabinet had approved LIC's proposed acquisition of up to 51 percent stake in debt-ridden IDBI Bank.
Kapil Sibal says 'kamdar' Narendra Modi has destroyed India's economy, has no solution to unemployment
Ians •Kapil Sibal's comment came after Narendra Modi on Saturday lashed out at the UPA government for generating bad loans and leaving behind a legacy of non-performing assets
CBI arrests two retired Bank of India officers in connection with Rs 2,654 cr loan fraud by Diamond Power Infra
•The CBI on Friday arrested two senior retired officers of Bank of India in connection with alleged loan fraud of Rs 2,654 crore by Vadodara-based Diamond Power Infrastructure Ltd. (DPIL) in the bank
Bad loans: United Bank of India expects Rs 3,000 crore recovery from NCLT resolutions, says MD Pawan Bajaj
•United Bank of India is expecting to recover around Rs 3,000 crore out of a total of Rs 5,951 crore, by way of resolutions through the National Company Law Tribunal (NCLT), the public sector lender's MD and CEO Pawan Bajaj said on Friday
IBC, new stress recognition norms bode well for financial stability, says RBI Deputy Governor Viral Acharya
•RBI Deputy Governor Viral Acharya regretted that amid ongoing churning in the financial sector, governance reforms in the beleaguered PSBs have taken a backseat
Fear of losing control over their companies forces promoters of over 2100 firms to pay dues worth Rs 83,000 crore
Fp Staff •The Union Cabinet on Wednesday gave its approval to an ordinance making amendments to the Insolvency and Bankruptcy Code