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 his
GMT 22:50 2016 Friday ,09 September
Black swans swim with babies on Baofeng Lake, central China
GMT 08:44 2017 Tuesday ,31 October
Bowe Bergdahl judge rejects charge of Trump interference
GMT 10:45 2017 Tuesday ,05 December
Facebook opens new London hub, creating 800 jobs
GMT 11:50 2018 Saturday ,20 January
UK retail sales slide in December
GMT 10:18 2016 Wednesday ,23 March
cartoon eight
GMT 17:22 2017 Tuesday ,19 December
Fine weather on Tuesday in Bahrain
GMT 00:38 2017 Saturday ,21 October
Iraqi forces complete takeover of Kirkuk province after clashing with Kurds
GMT 05:13 2017 Tuesday ,21 February
UAE Ambassador attends reception on Colombia
GMT 17:19 2017 Sunday ,29 October
1 Japanese killed, 17 injured in bus accident in southern Turkey
GMT 16:47 2018 Friday ,19 January
Yemen’s armed forces advance in several areas near Nihm, Taiz
GMT 05:14 2016 Thursday ,30 June
EU offers temporary approval of weedkiller glyphosate
GMT 20:03 2017 Tuesday ,11 April
‘Fate of the Furious’ film review: Franchise alchemy still bubbling
GMT 20:17 2018 Monday ,08 January
Qatar, Iran officials discuss tourism cooperation in Kish island
GMT 17:51 2018 Wednesday ,03 January
Sock injured, veteran Cash back on court in chaotic Hopman match
GMT 16:34 2017 Friday ,09 June
Moroccan Wydad’s footballer apologizes
GMT 14:00 2017 Tuesday ,12 September
Quarter of houses in Florida Keys destroyed: US official
GMT 21:35 2017 Saturday ,07 October
Saudi efforts lift US sanctions on Sudan
GMT 10:07 2017 Wednesday ,19 July
Rwanda's essential oils offer big profits
GMT 10:26 2016 Friday ,22 July
Johnson tied for early lead at Canadian Open
GMT 05:54 2017 Saturday ,11 March
Libya forces on the march to retake oil ports
GMT 09:33 2017 Tuesday ,28 November
Syrian regime forces attack Harasta & Damascus countryside
GMT 00:19 2017 Monday ,06 November
GCC technology industry could be fuelled by sovereign wealth funds
GMT 07:20 2017 Wednesday ,20 December
Saudi ACWA Power Starts Operating Wind Field
GMT 10:23 2016 Wednesday ,23 March
cartoon fourteen
GMT 07:33 2017 Friday ,27 October
Depardieu looks to Koran for 'sensuality'
GMT 09:21 2017 Thursday ,19 October
Croatia court orders arrest of retail giant boss
GMT 09:44 2017 Monday ,18 December
Mayor of Libya's Misrata abducted and killed: security source
GMT 10:25 2017 Tuesday ,29 August
Camel London Talent launches
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 ©
