Karur Vysya Bank Q2 net profit up

Karur Vysya Bank has said its net profit grew by 43.5 per cent at Rs 165 crore for the September-ended quarter, as compared to Rs 115 crore in the corresponding period last year. This is on the back of lower provisioning made against bad loans and improved asset quality. Continue Reading

Real Estate bad loans likely to rise as refinancing options dry up: Report

The report published by Credit Suisse, titled “The second wave” has indicated that non-performing loans from the real estate sector are likely to rise this quarter owing to the drying up of refinancing options for real estate developers. Continue Reading

Bad loans under Mudra scheme surged 53% in current fiscal: Reports

Pradhan Mantri Mudra Yojana (PMMY), one of the flagship schemes of the Narendra Modi-led government, has seen a spike of 53 per cent in non-performing assets in the first nine months of the current fiscal year, reports state. Continue Reading