Amid asset quality woes, FPIs pull out nearly ₹11,000 crore from financials in July

Spike in fresh slippages from banks and NBFCs, too, remains a concern for investors

from Business Line - Money & Banking https://ift.tt/3ywo9TY

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DCB Bank Q1 net falls 57.5% to ₹34 cr

Provisions surge 86% to ₹155 crore during the quarter

from Business Line - Money & Banking https://ift.tt/37tqzaa

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Bank of Baroda back in back; logs ₹1,209-crore profit in Q1

Robust growth in other income and decline in provisions boost bank’s bottomline

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HC seeks Delhi govt, IRDA stand on plea against insurance co not paying full claim on Covid death

Justice Rekha Palli issued a notice to the Delhi government, the Insurance Regulatory and Development Authority (IRDA), the National Insurance Company Ltd and Fortis Hospital at Shalimar Bagh, where the woman's husband died during treatment last year.

from Banking/Finance-Industry-Economic Times https://ift.tt/3isXUIk

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NCLT admits tea producer McLeod Russel for bankruptcy proceedings

The bankruptcy proceedings were initiated by construction company Techno Electric and Engineering Company in 2019 over a default on interest payments towards a Rs 100-crore loan, according to a court order reviewed by ET.

from Banking/Finance-Industry-Economic Times https://ift.tt/37rquni

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