Tag «banking & financial services»

India’s stressed banks – Umesh Shanmugam

Recently, Fitch Ratings—a credit rating agency—said that Indian banks’ gross non-performing loans (NPL) reached 4.2% for the financial year ending March 2013 from 3.75% in 2011-12. The total stressed assets (including restructured assets) in the system is expected to exceed 10% of total loans by the end of the current fiscal. That is not all. …

Persistent Systems Ranked Highly in Cloud and Enterprise Mobility Segments in Zinnov’s GSPR 2012

Recognized in the ‘Execution Zone’ for its Deep Expertise  Pune, INDIA and Santa Clara, CA – October 11, 2012: Persistent Systems (BSE & NSE: PERSISTENT), the global leader in software product and technology services, today announced that the Company has been ranked highly in the newly released segments of Cloud and Enterprise Mobility of Zinnov’s …