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Why private banks wrote off bad loans?

DNMUM420007 | 8/10/2018 | Author : Dipu Rai | WC :197

DNA Money Exclusive

New Delhi: The Reserve Bank of India (RBI) data, accessed by DNA Money, reveals that top 10 private banks since 2009-10 have written off 28% of their gross non-performing assets (NPAs) as compared to 14% of top10 public sector banks.
While the common impression is that public sector banks are neck deep in bad loans, the data shows that private banks have also failed, more drastically, in maintaining the basic parameters of efficiency -- write-off and recovery. Top private banks have managed to put up a neat façade by “cleaning up” their mess every year. They may have lesser amount in absolute write-off due to their market size in comparison to public banks, but these banks are hurriedly cleaning up their balance-sheets, in order
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Fashion meets fitness
DNMUM422652 | 9/21/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :628

From Vera Wang to Stella McCartney and Kanye West to Selena Gomez, designers and celebs across the world are trending in the activewear mania.Staid formals and ostentatious ethnic wear are making way for athleisure, a clothing style that marries the
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LNG buyers turn to tenders for long-term purchases
DNMUM422653 | 9/21/2018 12:00:00 AM | Author : Shahkar Abidi | WC :228

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Directors to pay `500 late fee for KYC till Oct 5
DNMUM422654 | 9/21/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :392

New Delhi: The directors whose Director Identification Numbers (DINs) were deactivated following non-filing of new know-your-customer norms can get them reactivated by giving KYC details with a late fee of Rs 500. They can file the e-form till Octobe
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‘Castrol will go for third price increase’
DNMUM422655 | 9/21/2018 12:00:00 AM | Author : Shahkar Abidi | WC :469

Omer Dormen, MD of Castrol India Ltd, in an interview with Shahkar Abidi, speaks about over several issues facing the industry including the push for electric vehicles, shortage of raw materials for lubricant-making, challenges in the BS-VI era for a
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