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HDFC Bank wrests top private bank crown from NPA-hit ICICI

DNMUM398455 | 10/12/2017 | Author : Manju AB | WC :633

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  • HDFC Bank wrests top private bank crown from NPA-hit ICICI

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ICICI Bank’s bad loans are at Rs 43,148 crore against HDFC Bank’s Rs 7,204.2 crore
Mumbai: HDFC Bank has taken the crown away from ICICI Bank to become the largest private sector lender in the country with a balance-sheet size of Rs 895,653 crore.
ICICI Bank, once the fastest-growing private sector bank and the longtime ruler, has slipped to the second place with a balance-sheet size of Rs 760,916 crore.
The gap in profitability is also widening. For the fiscal’s first quarter ended June 30, the net profit of ICICI Bank grew 8.2% over the prior year to rest at Rs 2,049 crore. HDFC Bank was way ahead and posted a net profit of Rs 3,893 crore with a year-on-year growth of 20.2%.
Among private sector lenders, HDFC Bank’s total advances are in tent-pole position. At the end of the quarter ended June 30, it ha
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Street stays afloat in volatile trade; Sensex Nifty inch up
DNMUM401263 | 11/21/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :202

Mumbai: Dalal Street witnessed key indices closing flat despite riding out sharp fluctuations. While the BSE Sensex inched up 12.10 points, or 0.05%, to close at 33359.90, Nifty climbed 15.15 points, or 0.15%, ending at 10298.75.
The market strug
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Distressed PSUs’ stake sales needed
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So far the government has divested stakes in public sector undertakings (PSUs) like Cochin Shipyard, Housing and Urban Development Corporation (Hudco) and insurance firms like General Insurance Corporation (GIC) and New India Assurance, etc. It inten
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Spelt it wrong? You got it right
DNMUM401265 | 11/21/2017 12:00:00 AM | Author : Katya B Naidu | WC :603

Kabbage, Deliveroo, Sprinklr, AvidXchange and Flipkart, all have something in common. They are all start-ups, unicorns and would all be red-inked by an English teacher, as wrong spellings. However, misspelling is no more an evil with millennial-found
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Importance of crowdfunding for start-ups
DNMUM401269 | 11/21/2017 12:00:00 AM | Author : Edit | WC :207

The government may soon make it easier for funds-starved start-ups to raise money via the crowdfunding route by exempting such fund-raising activities from the provisions of the Companies Act. Crowdfunding is raising money for a specific purpose thro
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