Oriental Bank says under India central bank ‘corrective action’ over bad loans
The bank posted a net loss for the June quarter, with net NPA rising to 9.56 percent.
Mumbai - Muslimchronicle
Oriental Bank of Commerce, a mid-sized Indian state-run lender, said the nation’s central bank has initiated “prompt corrective action” against the bank over its high amount of net non-performing assets (NPA).
Oriental Bank is the seventh state-run lender to be put under a corrective action plan, which requires a bank to enact curbs on hiring, branch expansion and taking on new loans.
“This action will not have any material impact on the performance of the bank and will contribute in overall improvement in its risk management, asset quality, profitability and efficiency,” the lender said in a stock exchange filing late on Saturday.
The bank posted a net loss for the June quarter, with net NPA rising to 9.56 percent.
source:Arabnews
GMT 16:45 2017 Tuesday ,19 December
Sukuk Al-Salam issue 200 fully subscribedGMT 16:46 2017 Thursday ,14 December
CBB raises key interest rateGMT 12:35 2017 Thursday ,14 December
South Korea bans its banks from dealing in BitcoinGMT 16:21 2017 Tuesday ,12 December
Sukuk Al-Ijara issue 148 fully subscribedGMT 12:53 2017 Monday ,11 December
Bahraini bank evolves as fintech leaderGMT 08:22 2017 Sunday ,10 December
Bahrain issues ETFs regulationsGMT 12:03 2017 Friday ,08 December
No VAT on loans, ATM services, says Saudi tax authorityGMT 11:48 2017 Thursday ,07 December
India's central bank holds rates at seven-year low
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 08:32 2011 Monday ,25 July
Sabri accuses Yusri in Souad Hosni’s murder
GMT 12:42 2017 Friday ,30 June
Ex-McLaren boss Ron Dennis waves chequered flag after 37 years
GMT 16:20 2017 Thursday ,09 March
Thales envisions Al Maktoum International having ‘metro’
GMT 07:20 2017 Friday ,27 October
Real's reserves make Fuenlabrada pay penalty in Cup win
GMT 11:13 2017 Monday ,17 April
Vietnamese Prime Minister Meets Qatari Ambassador
GMT 15:51 2017 Monday ,16 October
YSL Beauté to launch Dazzling Lights Holiday 2017 collectionGMT 19:08 2011 Sunday ,14 August
Dubai to hold electricity, water tariffs steady \'in coming years\'
GMT 12:07 2014 Monday ,03 February
Home design ideas
GMT 10:54 2017 Thursday ,14 September
America’s shameful treatment of two Palestinian champions
GMT 11:01 2017 Friday ,17 March
IOC chief Bach opens door to awarding two Summer Games
GMT 11:20 2017 Thursday ,02 March
Mexico central bank cuts growth outlook over TrumpGMT 18:13 2011 Monday ,09 May
Timber firms drop plans to clear Indonesian forest
GMT 08:31 2017 Tuesday ,28 November
Bangladesh upholds death sentence for 139 soldiers
GMT 14:33 2017 Thursday ,20 April
US defense secretary vows support for Egypt's Sisi
GMT 21:32 2017 Sunday ,29 January
Egypt oust Morocco with Kahraba to reach Nations Cup semis
GMT 16:12 2017 Wednesday ,20 December
Myanmar bars UN rights investigator just before visit
GMT 08:21 2017 Wednesday ,30 August
United Technologies near deal to buy Rockwell Collins
GMT 18:27 2017 Friday ,21 April
ARCO condemns targeting of ERC convoy in Somalia
GMT 07:23 2017 Tuesday ,21 November
perched in Jerusalem's hills may soon vanish
GMT 19:33 2017 Tuesday ,10 October
US scientists engineer corn to boost protein
GMT 08:43 2017 Monday ,04 December
Brexit deal 'difficult but doable': diplomats
GMT 11:24 2017 Friday ,03 March
Lego honors 'Women of NASA'
GMT 11:35 2017 Tuesday ,05 December
Bahrain's top Shiite cleric hospitalised
GMT 21:39 2017 Saturday ,30 September
Abdel Karim praises Egypt’s role
GMT 09:59 2017 Saturday ,09 December
Militias, poachers wreak havoc on central Africa's wildlife
GMT 10:11 2017 Tuesday ,12 December
Latest Grateful Dead resurrection -- a duo
GMT 15:43 2017 Monday ,04 December
Yemen's Huthi rebels claim ex-president Saleh killed
GMT 15:59 2017 Thursday ,30 November
Bahrain Bourse daily trading performance
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
