Search result for 'write-off'

Indian banks wrote off Rs 16.35 lakh crore in bad loans over the past 10 years, with the highest amount written off in FY19. Learn more about the write-off process and the implications for borrowers.

Fitch Ratings says Indian banks have performed well in the first nine months of FY25 with impaired loan ratio nearing its trough. The agency highlights improvement in key performance metrics and...

Medicine e-tailer Sastasundar has ended its partnership with Flipkart, reclaiming its brand's intellectual property rights. The move follows Flipkart's global exit from the health business.

ICICI Bank's standalone net profit rose 15% to Rs 11,792 crore in Q3 FY25, driven by improved interest income and core operating profit. Asset quality also improved.

IDBI Bank reported a 31% surge in net profit to Rs 1,908 crore in the December quarter, driven by lower provisioning and improved interest income. The bank's gross NPA ratio also declined.

RBI reports bank asset quality improved, with GNPA ratio reaching a 12-year low of 2.6% in September 2024. Read about the key factors driving this positive trend.

IDBI Bank's net profit jumped 39% to Rs 1,836 crore in Q2 FY25, driven by improved interest income and asset quality. Learn more about the bank's performance.

Organised apparel retailers in India are expected to see 8-10% revenue growth in FY25, driven by festive season, weddings, and fast fashion. Read more.

Indian banks have written off ₹9.90 lakh crore worth of loans in the last five years, with the highest write-off occurring in 2019-20. Despite this, banks continue to pursue recovery actions.

ONGC's net profit fell 15% in Q1 FY25 due to increased exploration write-offs. Revenue rose, but profit declined sequentially. Read more.

The Enforcement Directorate (ED) has declared 9 defaulters as Fugitive Economic Offenders under the Fugitive Economic Offenders Act, 2018. The ED has also sent 25 extradition requests for 16...

RBI report shows bank gross NPAs fell to a 12-year low in March 2024 and are expected to decline further to 2.5% by the end of the fiscal year.

Prosus, a Dutch investment firm, has written off its entire $578 million investment in Byju's, highlighting the edtech firm's financial challenges. The move comes as Prosus, along with other...

Prosus, a Dutch investment firm, has written off its entire USD 578 million investment in edtech company Byju's. The firm lost significant influence on Byju's after its stake fell to 9.6%.

Finance Minister Nirmala Sitharaman highlights Modi government's success in turning around the banking sector, recovering over Rs 10 lakh crore in bad loans and implementing reforms for greater...

IDBI Bank reported a 57% jump in net profit to Rs 1,458 crore in Q3 FY24, driven by lower provisioning and improved interest income. Gross NPA ratio improved to 4.69%, while net NPA declined to...

The Reserve Bank of India has advised non-bank finance companies (NBFCs) to broaden their fundraising sources and minimize dependence on banks, emphasizing the need for robust corporate governance...