• Mon, Dec 16, 2019
  • PNB scrips fall 3pc on NPA divergence disclosure

    Published On: Dec, 16, 201902:20 PM

    The divergence in provisioning for bad loans in FY19 was to the tune of Rs 2,091 crore.
    PNB scrips fall 3pc on NPA divergence disclosure
    Shares of the state-run Punjab National Bank(PNB) on Monday fell nearly 3 per cent on the BSE after under it reported bad loans by Rs 2,617 crore for the last fiscal.Gross non performing assets(NPA) according to the RBI, as on March 31 was Rs 81,089.70 but it was Rs 78,472.70 reported by PNB.The divergence in provisioning for bad loans in FY19 was to the tune of Rs 2,091 crore.Provision for NPAs as on March 31, 2019 as reported by the bank was 48,151.15 crore but the RBI's risk assessment report calculated it to Rs 50,242.15 crore.Further, the PNB reported a loss was Rs 99,75.49 crore but RBI said after taking into account the divergence in provisioning it stood at Rs 11,335.90 crore for the last fiscal.
  • Now wholesale prices jump in Nov: WPI rises to 0.58pc Now wholesale prices jump in Nov: WPI rises to 0.58pc
    Published On: Dec, 16, 201902:13 PM

    India's annual rate of inflation based on wholesale prices jumped to 0.58 per cent in November from 0.16 per cent in October.

  • Budget: Capital market may seek change in DDT Budget: Capital market may seek change in DDT
    Published On: Dec, 16, 201901:18 PM

    The capital market players may seek replacement of Dividend Distribution Tax (DDT) with the classical system of dividend taxation in the hands of the shareholders with protection for small...

  • Boeing could suspend or cut 737 MAX output: report Boeing could suspend or cut 737 MAX output: report
    Published On: Dec, 16, 201911:23 AM

    Boeing had already decided to reduce its production pace from 52 to 42 planes per month after two crashes led authorities around the world to ground the entire 737 MAX fleet in mid-March.

  • Rupee rises 8 paise to 70.75 against USD in early trade Rupee rises 8 paise to 70.75 against USD in early trade
    Published On: Dec, 16, 201911:05 AM

    Forex traders said higher opening in domestic equities and foreign fund inflows also supported the local unit

  • Gold prices fall as easing trade worries lead to riskier bets Gold prices fall as easing trade worries lead to riskier bets
    Published On: Dec, 16, 201911:05 AM

    Gold dealers in India offered a discount last week due to plentiful supplies and slack demand during the wedding season

  • Sensex rallies 175 pts to hit record high, Nifty tests 12,100 Sensex rallies 175 pts to hit record high, Nifty tests 12,100
    Published On: Dec, 16, 201911:05 AM

    Kotak Bank was the top gainer in the Sensex pack rising up to 2.01 per cent, followed by HCL Tech, Tech Mahindra, TCS, Bajaj Auto and SBI

  • Oil prices fall but hold near three-month high on trade deal agreement Oil prices fall but hold near three-month high on trade deal agreement
    Published On: Dec, 16, 201909:42 AM

    Brent crude oil futures fell 23 cents, or 0.4% to $64.99 a barrel by 0101 GMT

  • Tesla unveils 15.4 kW home solar system Tesla unveils 15.4 kW home solar system
    Published On: Dec, 16, 201909:17 AM

    Earlier in September, the EV maker had launched simplified solar power offerings that were easier to install at homes.

  • Goan duo offers taste of good life on high seas Goan duo offers taste of good life on high seas
    Published On: Dec, 16, 201907:00 AM

    A Panjim-based travel company offers its customers an opportunity to live life ‘king size’ with a portfolio of premium yachts that can be rented out to celebrate special occasions, such as corporate...