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Gross NPAs For All Banks Reach INR8.4Lcr et al

Professor of Financial Economics and Part-time Value Investor, Transfin.
Mar 10, 2018 11:51 AM 1 min read
Editorial

End of Day Wrap-up (Saturday / March 10, 2018) #France #RBI #LoU #NiravModi #NPA #SBI #PNB #Insurance #car #US #Goldmansachs #CEO #Transfin

Editor's comment: French President Emmanuel Macron in India for a 4-day visit. Agenda incl. bilateral trade, security, satellite constellation development, renewable energy collaboration, nuclear power etc.

 

RBI asks commercial banks to disclose details of all LOUs in light of the Nirav Modi scam. The Central Bank asks for details incl. amounts outstanding, and whether the banks had pre-approved credit limits or kept enough cash on margin before isuing guarantees.

 

Gross NPAs for all banks reached INR8.4Lcr as at Dec, with SBI at highest followed by PNB, Bank of Baroda etc.

 

Car insurance premiums to reduce for small private cars and certain types of two-wheelers, while to go up for commercial vehicles as per IRDAI

 

US nonfarm payroll rise by 313,000 in February, largest monthly gain since July 2016 on the back of solid economic growth and a restraint Federal Reserve. Jobless rate of 4.1% lowest since December 2000

 

Lloyd Blankfein announces plan to exit as Goldman Sachs CEO by end of year, ending a 12-year run at the helm. Successor most probably to be one of the 2 co-presidents Harvey Schwartz and David Solomon