Devidutta Tripathy

All stories by Devidutta Tripathy

ICICI Bank Q1 profit falls 25%, bad loans tick up

ICICI Bank Q1 profit falls 25%, bad loans tick up

Rediff.com29 Jul 2016

The bank's net profit fell to 2,232 crore for its fiscal first quarter to June 30.

ICICI Pru Life files for India's biggest IPO in six years

ICICI Pru Life files for India's biggest IPO in six years

Rediff.com18 Jul 2016

Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.

Indian banks need $90 billion to meet Basel III rules: Fitch

Indian banks need $90 billion to meet Basel III rules: Fitch

Rediff.com5 Jul 2016

With their weak metrics and high bad loans, India's state-run banks have not been investor favourites

RBI plans to tighten rules for large corporate borrowers

RBI plans to tighten rules for large corporate borrowers

Rediff.com12 May 2016

Indian banks would have to make higher provisions for lending to large corporate borrowers above a certain level from next financial year, according to proposals published by the Reserve Bank of India (RBI) on Thursday.

India's bad loans could be more than New Zealand's $170 bn economy

India's bad loans could be more than New Zealand's $170 bn economy

Rediff.com12 May 2016

State-owned banks account for more than two-thirds of the sector's assets and about 85 percent of bad debts

India's first 'mobile-only' bank is here!

India's first 'mobile-only' bank is here!

Rediff.com26 Apr 2016

Digibank will offer only savings deposits initially, but will expand to include investments and lending in the coming months.

Banks set to reject Mallya's loan repayment offer

Banks set to reject Mallya's loan repayment offer

Rediff.com6 Apr 2016

The lenders, led by State Bank of India (SBI), are due to inform the Supreme Court of their decision on the offer at a hearing on Thursday.

Pressure on liquor baron Mallya dials up, trademarks seized

Pressure on liquor baron Mallya dials up, trademarks seized

Rediff.com10 Mar 2016

The banks have asked the court to demand his return and to impound his passport.

Tata Motors to rename hatchback that sounds like Zika

Tata Motors to rename hatchback that sounds like Zika

Rediff.com2 Feb 2016

Tata Motors is seeking an image makeover with the curvaceous hatchback, Zica.

India will sell 10% stake in top state-run refiner Indian Oil Corp

India will sell 10% stake in top state-run refiner Indian Oil Corp

Rediff.com21 Aug 2015

At the current market price of the stock, that stake would be valued at about $1.5 billion.

RIL, 10 others win payment bank permits

RIL, 10 others win payment bank permits

Rediff.com19 Aug 2015

A total of 41 companies had applied for the permit

Bad debts cloud outlook for India's private sector banks

Bad debts cloud outlook for India's private sector banks

Rediff.com18 Aug 2015

The spike at private sector lenders like ICICI Bank and Axis Bank follows a push to grab market share from India's dominant state banks.

Banks see new bad debt rules as step in right direction

Banks see new bad debt rules as step in right direction

Rediff.com10 Jun 2015

Bad debt rules are steps in right direction.

India back on growth path but where are loan queries, ask bankers

India back on growth path but where are loan queries, ask bankers

Rediff.com25 May 2015

Despite Indian economy recovering, there is very little room for loan growth, say bankers.

Axis Bank Q4 net up 18%, bad loans stable

Axis Bank Q4 net up 18%, bad loans stable

Rediff.com29 Apr 2015

Axis Bank has reported a better-than-expected 18.4 per cent increase in quarterly net profit.

ICICI Bank Q4 net beats forecast, sees bad loans situation improving

ICICI Bank Q4 net beats forecast, sees bad loans situation improving

Rediff.com27 Apr 2015

ICICI Bank puts up a good show in Q4.

Banks turn to consumer loans to beat slowdown

Banks turn to consumer loans to beat slowdown

Rediff.com20 Apr 2015

Banks are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers.

SBI sees 15% loan growth in FY16

SBI sees 15% loan growth in FY16

Rediff.com24 Mar 2015

SBI sees 15% loan growth in FY16.

SBI to cut bad debt with huge online property auction

SBI to cut bad debt with huge online property auction

Rediff.com13 Mar 2015

The SBI auction will be the biggest nationwide online sale.

Funding the unfunded: India helps small business borrow to grow

Funding the unfunded: India helps small business borrow to grow

Rediff.com5 Mar 2015

MUDRA bank will help microfinancing firms to lend more.

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